Lithuanian Prime Minister Algirdas Butkevičius expects that the Klaipėda liquefied natural gas (LNG) terminal project will be completed on schedule and will ensure the country's energy security, saying that builders are working on the construction site 24 hours a day.
LNG terminal quay
© Bendrovės archyvas

"There is still some anxiety because this is the first such facility being built in Europe. The time frame is tight. Work is going on 24 hours a day, and we hope that it will be put into operation as scheduled and that this will ensure energy security," he said on the Žinių Radijas radio broadcast on Thursday when commenting on a German study that places Lithuania among the most energy safe countries in Europe.

The Vz.lt news website has reported, citing the Brussels-based online newspaper EUobserver, that the study conducted by the Institute of Energy Economics at the University of Cologne found that Lithuania would be safe if Russia cut off gas exports because it is building a LNG terminal.

According to the study, Finland would be the most vulnerable to a Russian gas cut-off because it imports 100 percent of its gas from Russia and has no storage capacities. If Russia cut off exports for nine months, gas supplies in Germany, Italy and France would be severely affected and Europe would face a total gas shortage of 46 billion cubic meters. However, Russia would lose around 4.5 billion euros of revenues monthly.

Lithuania expects to launch its LNG terminal on 3 December.

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

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...