SERVICES

Lithuania LNG port aims to be Baltic hub

Vilnius - Lithuania’s Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas pipelines to Poland and Finland open after 2021

Vilnius - Lithuania’s Klaipeda liquefied natural gas (LNG) import terminal will more than double its LNG volumes once gas pipelines to Poland and Finland open after 2021, turning the Baltic port into a regional supply hub, its operator said in an interview.

The import facility, named “Independence”, was built in Klaipeda port in 2014 to break the monopoly of Russia’s Gazprom over gas supplies to Lithuania, Latvia and Estonia, Baltic countries formerly ruled from Moscow.

It has chiefly imported Norwegian LNG for mostly domestic consumption, using between a fifth and a third of its annual capacity of 2.7 million tonnes of LNG, but began to diversify in late 2017 with the import of its first U.S. cargo.

“We certainly see an interest from international trading houses to use this infrastructure - the terminal and the upcoming pipelines - to access gas markets in central and eastern Europe,” Klaipedos Nafta CEO Mindaugas Jusius told Reuters on Friday.

“We keep getting queries whether we have capacities available for this. The nearest LNG terminal to ours, in Poland, is fully booked until 2035”, he said, adding: “Our ambition is to achieve terminal utilization of 40 to 50 percent.”

Poland’s Swinoujscie LNG terminal, 295 miles (475 km) west along the Baltic coast, is due to expand capacity to 5.4 million tonnes per annum by 2021 hoping to capitalise on higher gas demand in central Europe and lessen the region’s dependence on Russian gas.

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››