LNG Terminal
© DELFI / Orestas Gurevičius

Lithuania’s Energy Minister Rokas Masiulis has said that Lithuania is still looking to purchase the Norwegian-owned LNG terminal moored in Klaipėda port in an effort to reduce gas prices in Lithuania further.

Masiulis was speaking ahead of a visit by the Minister and Prime Minister Algirdas Butkevičius to Oslo this week. Norway's Hoegh LNG owns and operates the ship under a 10-year charter contract with Lithuania that expires in 2024.

"We are seeking to purchase the vessel early and my position is that this could make the gas in Lithuania cheaper, because if we acquired the terminal, we could spread its costs over a longer period of time and reduce the terminal-related tariff component by around 20%," said Masiulis.

Masiulis said it would cost about €15 million to purchase the ship but at the moment the owners were not interested in selling.

Lithuania’s Prime Minister and Energy Minister along with the chief executive of state energy group Lietuvos Energija are to meet officials from Hoegh LNG and Statoil during their visit to Oslo on Tuesday and Wednesday.

Almost a third of Lithuanians at risk of poverty

Some 28.3 percent of the Lithuanian population were at risk of povert y or social exclusion in...

Hackers fake press release about Lithuania asking US to move nuclear weapons

Hackers have sent out a fake press release claiming to be from the Lithuanian Foreign Ministry and...

National defense decided to buy six American Black Hawk helicopters

The leadership of Lithuania's national defense system has decided to buy six American Black Hawk...

Lithuanian army helicopter saves injured Russian citizen from tanker

A Lithuanian army helicopter saved an injured Russian citizen from a tanker , Lithuania's...

Nauseda arrives in Brussels for his 1st EU summit

Lithuanian President Gitanas Nauseda on Thursday arrived in Brussels to attend his first EU...