Lithuania is likely to purchase the Klaipėda LNG terminal's floating storage and regasification unit (FSRU) after 2024, Prime Minister Saulius Skvernelis said on Thursday.
Independence FSRU
© DELFI / Erikas Skardžius

"We have a study and we have three possible options, scenarios, and the government will have to make a decision. Speaking about long-term prospects and the financial burden we have today, then, perhaps, yes," he told reporters in Kiev when asked if Lithuania would purchase the vessel.

A study by the international consultancy Poyry Management Consulting has found that Lithuania would benefit most from purchasing the FSRU, named Independence, after expiry of the lease contract with Norway's Hoegh LNG in 2024.

Lithuania would receive a somewhat lower benefit if it extended the lease for another 20 years.

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

Government to mull merging three state research institutes

The Lithuanian government will on Wednesday consider merging three state research institutes into one.

Monaco-registered company picks Klaipeda FEZ for its new R&D and manufacturing unit

Monaco-registered GRH International has decided to establish its new R&D and manufacturing unit...

Nauseda will ask for significant EU funding for climate goals

Lithuanian President Gitanas Nauseda , currently in Brussels, said on Friday he would seek to ensure...

Over EUR 11 mln offered for central post building in Vilnius

11.22 million euros has been offered for the historic central post office building in central...

Lithuania gets message on Belarus' N-plant included in EU climate change plan

Lithuania managed to get an indirect message to Belarus on safety standards at its...