Lithuania Considers Re-Exporting LNG as Russian Gas Gets Cheaper

AMSTERDAM, April 13 (Reuters) - Lithuania is considering allowing its liquefied natural gas import terminal to re-export LNG to global markets during summer when local demand declines, the facility's operator said on Monday. The Independence terminal, which opened last year, was built to reduce Lithuania's total reliance on pipeline supplies from Russia's Gazprom, by giving … [Read more...]

Lithuanian Energy Minister to Seek U.S. LNG Imports

Lithuanian Energy Minister Rokas Masiulis is in the United States this week and is expected to seek political support from the U.S. for natural gas supplies to his country's new floating liquefied natural gas (LNG) import terminal in Klaipeda which began to operate at the end of 2014. In the meantime, a cargo of LNG is currently on its way to Lithuania from Statoil's Snøhvit … [Read more...]

Lithuania Readies for the Arrival of their New FSRU

Lithuania continues to ready the country's infrastructure for the upcoming arrival of 170,000 cbm FSRU Independence to the Port of Klaipeda. Independence is the second of four FSRUs built by Hyundai Heavy Industries for Norwegian company Hoegh LNG.  This vessel is designed to store and regasify LNG which is then sent ashore. Klaipedos Nafta, the developer and future … [Read more...]