aA
Lithuania's state-owned gas supply company Litgas and Norway's Statoil on Thursday are to sign a liquefied natural gas (LNG) supply deal, the Lithuanian government's press office said.
Statoil
Statoil
© Reuters/Scanpix
The five-year agreement to supply 540 million cubic meters of gas annually to Lithuania's new LNG terminal in Klaipėda will be signed at the headquarters of Lietuvos Energija (Lithuanian Energy), Ernesta Dapkienė, the state energy holding company's spokeswoman, told BNS.

The signing ceremony will be followed by a news conference with Prime Minister Algirdas Butkevičius, Lietuvos Energija Chairman and CEO Dalius Misiūnas, Geir Heitmann, vice-president for LNG trading and operations at Statoil, and Litgas CEO Dominykas Tuckus.

"This will be the final agreement on gas supply," Tuckus told BNS.

Statoil is to deliver 540 million cubic meters of gas to Klaipėda LNG terminal annually. This is an estimated minimum capacity at which the facility needs to operate to pay for itself.

There is no official information as to the price of Statoil's gas, but unofficial sources have said that it will be somewhere between 480 and 370 US dollars per 1,000 cubic meters, the old and new prices paid by Lithuania for Russian natural gas.

The LNG facility, which Klaipėdos Nafta (Klaipėda Oil) is currently building in Klaipėda, is to be launched in early December. It is planned that Lithuania will be able to import about 1 billion cubic meters of gas via the terminal in the first year of operation, with the annual capacity to be increased to 4 billion cubic meters in the future.

The LNG terminal is a flagship projects in Lithuania's policy of achieving energy independence from Russia.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.
|Populiariausi straipsniai ir video

Top court finds restrictions on waste-to-energy plants unconstitutional

The 2018 amendments to Lithuania's Law on Waste Management that imposed a ban on building...

Lidl gives up plastic bags in Lithuania (1)

The German retail chan Lidl has given up plastic bags in Lithuania. Other major retailers say they...

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Leading Swiss engineering consultancy plans to double its Vilnius team

Engineering consultancy CSD Engineers has announced plans to double the size of its team in Vilnius...

Orlen Lietuva to carry its 1st cargo using rebuilt Renge section

The first freight train will go via the railway section from Lithuania's Mazeikiai to Renge in...

Top news

Landsberis: responsible parties could form coalition after election

Gabrielius Landsberis, leader of the opposition conservative Homeland Union – Lithuanian Christian...

Top court finds restrictions on waste-to-energy plants unconstitutional

The 2018 amendments to Lithuania's Law on Waste Management that imposed a ban on building...

Ex-Pentagon chief Mattis awarded by president

Lithuanian President Gitanas Nauseda awarded 34 Lithuanian and foreign nationals for their merits to...

Lidl gives up plastic bags in Lithuania (1)

The German retail chan Lidl has given up plastic bags in Lithuania. Other major retailers say they...

Google presented Lithuanian initiative to world

The Internet giant Google has presented its video about Debunk EU during the Google News...

|Maža didelių žinių kaina