Lithuania's talks with the European Commission on EU funding for the acquisition of the Klaipėda liquefied natural gas ( LNG) terminal's vessel will depend on whether Latvia and Estonia recognize it as a regional facility, Energy Minister Žygimantas Vaičiūnas said.
Independence, Klaipeda LNG terminal's floating storage and regasification unit
© DELFI (E.Skardžiaus nuotr.)

"Naturally, we could expect European support if it were a regional terminal not only de facto, but also de jure. A lot depends on how Latvia and Estonia see the prospects of this terminal, because we are speaking about a conceptually new project as what we have until 2024 is lease and financial support for lease is not possible," he told BNS in an interview.

In Vaiciunas' words, a deal on financial support for the acquisition of the vessel is also linked to the creation of a common gas market of the Baltic countries.

"In addition to talks with the European Commission, we are working on the issue of creating a regional gas market in the Baltic countries and Finland. The prime ministers have signed specific action plans in this regard. The aim is to have a liquid gas market," he said.

According to unofficial information available to BNS, Lithuania seeks around 100 million euros in support from the Commission.

Lithuania has failed to reach a deal with Norway's Hoegh LNG, the owner of the Independence, the Klaipeda terminal's floating storage and regasification unit (FSRU), to purchase the vessel before the 10-year lease contract expires in 2024.

Klaipėdos Nafta pays Hoegh LNG 68.9 million dollars per year, including the ship's crew, maintenance and operation expenses.

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

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...

Lithuanian transport minister calls Latvia's claims over Renge 'a stab in the back'

Lithuanian Transport Minister Rokas Masiulis says that Latvians' demand that Lietuvos...

Lithuania, Latvia holding talks on ambulance services in border areas

Lithuania and Latvia are holding talks on the provision of ambulance services in border areas.

Lithuanian military helicopters continue to help Latvia, Sweden fight wildfires

Two Mi-8 helicopters of the Lithuanian Air Force have been helping to fight wildfires in Latvia...

Latvia thanks Lithuania for help in extinguishing fires

Latvia on Wednesday thanked Lithuania for its assistance in extinguishing forest and peat fires in...