The Independence, a floating liquefied natural gas (LNG) terminal, was docked in the Lithuanian port of Klaipėda on Monday. The terminal gives Lithuania the capability to import up to 4 billion cubic metres of gas a year after 2015, Invest Lithuania said.
© Reuters/Scanpix

This is well above the 2.7 billion cubic metres it bought from Russia in 2013, and leaves plenty of extra capacity for the Baltic neighbours Latvia and Estonia.

Natural gas supplier and trader Litgas UAB has signed an LNG supply contract with the Norwegian company Statoil ASA in August 2014. Starting from 2015, Statoil will be supplying an annual volume of 540 million cubic metres of natural gas (around 950,000 cubic meters of LNG) to ensure continuous operations of Klaipėda LNG terminal. The contract also covers possibilities of LNG reloading - a new commercial activity in the Baltic Sea region.

Under the mid-term contract signed with Statoil, the first LNG cargo is expected to be delivered to Klaipėda terminal at the end of December so that the terminal could start commercial operation from 1 January 2015. Each year Statoil will deliver 6-7 such shipments to Klaipėda port.

In order to connect to other EU gas markets, Lithuania also plans to build a gas pipeline to neighbouring Poland by 2019, Invest Lithuania said.

It is forbidden to copy the text of this publication without a written permission from ELTA.
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...