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

Commission calls for state-level emergency over coronavirus threat

The Lithuanian government's Emergency Commission recommended on Monday that the government declare a...

Tensions with president push PM's rating further down

Lithuanian Prime Minister Saulius Skvernelis ' popularity rating has dropped further down amid the...

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...

Top news

Commission calls for state-level emergency over coronavirus threat

The Lithuanian government's Emergency Commission recommended on Monday that the government declare a...

Tensions with president push PM's rating further down

Lithuanian Prime Minister Saulius Skvernelis ' popularity rating has dropped further down amid the...

Kazakh student got “Vilnius” tattoo and honed cooking skills

Having won a Lithuanian State Scholarship , Kazakh student Adil Karim from Almaty came to...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Experience Lithuanian culture: Užgavėnės in Kaunas

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

|Maža didelių žinių kaina