United States Vice-President Mike Pence said in Tallinn on Monday he was convinced that the shipment of liquefied natural gas (LNG) purchased by Lithuania from the US would be one of the many in the future.
Mike Pence
© AFP / Scanpix

Speaking at a joint news conference with the presidents of the Baltic states, Pence stated that the shipment due to arrive in Lithuania in August would contribute to boosting regional energy security and stability.

"The president and I were pleased to see a Lithuanian firm's recent decision to purchase LNG from the US. And when the first delivery occurs next month it will benefit not only our prosperity, but it will contribute to regional security and stability," said the US vice-president.

In the second half of August, the LNG shipment purchased from US company Cheniere Marketing International will be delivered to the Lithuanian port of Klaipėda. The contract on supplies of about 140,000 cubic meters of LNG was signed by Lietuvos Duju Tiekimas (Lithuanian Gas Supply) in June.

In July, another contract with LNG trade company Natural Gas Fenosa was signed on gas supplies from the US on delivery of a similar-sized shipment in September.

After starting to export liquefied natural gas in February of 2017, the United States pledge to boost the exports volumes even further in the future.

The United States exported 5 billion cubic meters of LNG last year, the country currently operates a single exports terminal in Louisiana, with five more terminals under construction. Their aggregate annual capacity will be around 100 billion cubic meters. The projects should be concluded by 2021.

Buying gas from the US did not pay off before due to high prices caused by expensive transportation and liquefaction.

Polish citizens in Lithuania backed opposition in election in Poland

Almost 1,000 Polish citizens cast their votes in the Polish parliament election in Lithuania on...

Government to hold meeting on whether to establish Ethnic Minority Council

Lithuania's government is set to hold a meeting on Monday to discuss the need to establish an Ethnic...

Grenade neutralized on Nida beach

A dangerous grenade was found on the beach in Lithuania's western resort town of Nida on...

Social insurance budget planned with EUR 326 mln surplus

The Lithuanian state social insurance fund Sodra 's draft budget for 2020 targets a surplus of...

Juozaitis may lead new party created by Order and Justice members

An Order and Justice leader expects philosopher Arvydas Juozaitis , one of the candidates in last...