The cooperation memorandums signed between Lithuanian companies and Freeport LNG, the US liquefied natural gas (LNG) supplier and operator of the future export operator, represent one more step towards getting rid of Russia's gas supply monopoly that has lasted for six decades, Lithuania's President Dalia Grybauskaitė says.
Independence FSRU
© DELFI / Erikas Skardžius

"This agreement enhances friendship between Lithuania and the US in the area of energy that is key to both countries as it opens avenues for talks and cooperation on matters of strategic development," Grybauskaitė said in a press release circulated by the President's Office.

The president who was present at the signing of the deals in Washington D.C. says that the memorandums signed by the Lithuanian LNG terminal operator Klaipėdos Nafta (Klaipėda Oil) and Lietuvos Dujų Tiekimas (Lithuanian Gas Supply) should promote the export of American gas to Europe, enhance economic cooperation between Lithuania and the US and facilitate the joint development of new commercial and investment projects.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Prime Minister vows to balance 2020 budget after tax proposals rejected

Lithuanian Prime Minister Saulius Skvernelis says his Cabinet's updated 2020 state budget plan...

Skvernelis: risks involved in Belaruskali's investments in Klaipeda are conrolled

Lithuanian Prime Minister Saulius Skvernelis says his government controls the potential risks...

Japan plans to involve in Baltic synchronization project

The Baltic states, which are gearing up for the synchronization of their power networks with those...

Lithuanian researchers developed new technology for precision grinding

A team of researchers at Kaunas University of Technology (KTU) has developed a novel approach to...

Real estate tax expansion amendments returned to government

The Seimas of Lithuania lacked several votes on Tuesday to accept a proposal to expand the real...