As part of efforts to diversify its gas supply sources, Ukraine is taking a keen interest in the Klaipeda liquefied natural gas (LNG) terminal and the planned Gas Interconnector Poland-Lithuania (GIPL), Energy Minister Zygimantas Vaiciunas said.
Žygimantas Vaičiūnas
© DELFI / Andrius Ufartas

"Their interest and search for ways to secure the most competitive gas supply alternative are obvious," Vaiciunas told BNS after Tuesday's meeting with Ukrainian politicians and experts in Vilnius.

GIPL would open up new opportunities for cooperation between Lithuania and Ukraine in gas supplies, according to the minister.

"Of course, we are speaking about theoretical possibilities here. Discussions are underway about how to create a certain Eastern European gas hub to ensure supplies, including to Ukraine," he said.

In Vaiciunas' words, Vilnius' decisions on the purchase of the Klaipeda LNG terminal's FSRU and its long-term operation make Lithuania interesting to Ukraine which sees "us as a partner in importing LNG."

With Russia rushing to complete the Nord Stream 2 pipeline under the Baltic Sea, the question whether the project will affect gas transit through Ukraine remains open. However, Europe is ready for potential supply disruptions, according to the minister.

"In terms of security of supply, it is natural that gas storage facilities in Europe and Ukraine itself are ready and as full as ever. On one hand, this is comforting news showing that has supply security crises are unlikely to occur," he said.

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

France's payment solutions group seeks to buy Lithuanian tax services provider

France's payment solutions group Edenred has applied for regulatory approval to buy EBV Finance ,...

MG Baltic owner tells court group had no relations with political parties

MG Baltic , one of Lithuania's largest business groups, maintained no relations with political...

Nauseda: Finland's proposal on cohesion and agriculture funding unacceptable

The proposal of Finland , holding the rotating EU presidency , on the EU next multiannual financial...

Central bank: corporate tax hike better alternative to bank asset tax

The Bank of Lithuania sees the Seimas' proposal to raise the corporate income tax rate for banks...

Lithuanian companies offered 40000 eur to transfer CERN technologies

Lithuanian Innovation Centre (LIC), together with Sunrise Valley Science and Technology Park and...