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“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Chances for Lithuania to get more funding for N-plant closure increasing – expert

A proposal for the European Parliament to approve the allocation of 780 million euros for the...

European Parliament's rapporteur proposes EUR 780 mln for Lithuanian N-plant closure

The European Parliament is recommended to approve 780 million euros in funding for the Ignalina...

Energmin calls deal on synchronization scenario 'decision of the decade'

Lithuania, Latvia and Estonia have reached a long sought-after agreement that opens the way for the...

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...

Danpower agrees to put off amicable deal's implementation

German energy company Danpower has agreed to postpone the implementation of the State of Lithuania's...