aA
Lithuania will import more gas from Norway than from Russia in 2016 for the first time after closing a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure, Lithuania's energy minister said on Monday.
LNG Terminal
LNG Terminal
© M.Milinio nuotr.

The volumes of Lithuania’s LNG imports are expected to triple this year after two new importers signed deals with Norway's Statoil, said the terminal's operator, Klaipedos Nafta.

"Based on current plans, Statoil's market share (in Lithuania) will increase to more than 50% this year," Lithuania's Energy Minister Rokas Masiulis told Reuters.

"LDT and Achema's agreements with Statoil are clear proof that there is real competition to Gazprom's gas in the market," he said.

Lithuanian gas supplier Lietuvos Dujų Tiekimas (LDT) and privately owned nitrogen fertilizers producer Achema have agreed to buy LNG from Norway under short-term deals.

The new deals mean that supplies via the LNG terminal will increase to more than 1 billion cubic metres (bcm) in 2016, while total Lithuanian demand is expected to be around 2 billion cubic metres.

Russia's Gazprom had enjoyed a supply monopoly until the end of 2014, when Lithuania opened a floating LNG import terminal to reduce energy dependence on Gazprom.

LDT's long-term supply contract with Gazprom expired last year, and the utility, which supplies gas to households, said it had to sign a short-term deal with Statoil cover the shortage. It has yet to negotiate a new deal with Gazprom.

|Populiariausi straipsniai ir video

President proposes nine legislative initiatives for Seimas spring session

Lithuanian President Gitanas Nauseda has proposed including nine legislative initiatives into the...

People returning to Lithuania from China advised to avoid contact

People who have returned from China where the new COVID-19 coronavirus is spreading are advised to...

EU leaders fail to agree on new budget: Nausėda hopes for decision over month

EU leaders on Friday failed to agree on the Community's 2021-2027 budget amid disagreements over its...

Vilnius district municipality backs further asphalt-paving of PM's street

Vilnius District politicians on Friday decided to endorse a strategic activity plan for 2020–2022...

Vilnius resident suspected of forging ID and other documents of various countries

Criminalists from Vilnius police have busted a man who is suspected of forging ID and other...

Top news

Vietnamese student feels happy living in Vilnius: back home I wear mask every day

Vietnamese student Tri Huynh Viet Minh from Saigon is full of curiosity. Having won a scholarship...

President proposes nine legislative initiatives for Seimas spring session

Lithuanian President Gitanas Nauseda has proposed including nine legislative initiatives into the...

Experience Lithuanian culture: Užgavėnės in Kaunas

In Lithuania, we call the holiday Užgavėnės, which can be loosely translated into ‘Before fasting...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

|Maža didelių žinių kaina