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

Salary growth in the Baltic States. Estonia leads, Lithuania is not far behind

According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”,...

Upgrade2018! meetings in Vilnius and Riga indicate the importance of cross-Baltic cultural cooperation

International networking meetings realized in the frames of Cross-Baltic Upgrade2018! initiative in...

Lithuanian formin to attend Balts Awards ceremony in Riga

Lithuanian Foreign Minister Linas Linkevičius is leaving for Latvia on Wednesday to attend the...

The annual high-level security and defence forum – The Rīga Conference 2018

On 28 and 29th September the National Library of Latvia in Riga will host the annual high-level...

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...