Lithuania Seeks Alternative Bids for LNG Import Terminal

July 9, 2021

Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import terminal, operator Klaipedos Nafta said on Friday.

The Baltic state leases a floating storage and regasification vessel (FSRU) from Norway's Hoegh LNG and has an option to buy it when the lease expires in 2024.

The state-controlled Klaipedos Nafta said it had decided to seek alternative bids to make sure that it gets the best terms, and has to make the final decision by the end of 2022.

Lithuania has been importing LNG via the current terminal, dubbed Independence, since 2014, thereby ending Russia's Gazprom pipeline gas supply monopoly.

The Lithuanian terminal is used to import gas also for its neighboring Baltic states, and a new gas link to neighbor Poland is expected to be completed by end-2021.


(Reporting by Nerijus Adomaitis; editing by Victoria Klesty and Emelia Sithole-Matarise)

Logistics News

Liebherr BOS Cranes Celebrates 50 Years

Liebherr BOS Cranes Celebrates 50 Years

Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis

Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis

Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential

Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential

Okeanis Eco Tankers Share Sale to Fuel Vessel Buys

Okeanis Eco Tankers Share Sale to Fuel Vessel Buys

Subscribe for Maritime Logistics Professional E‑News

Boeing makes partial comeback on flydubai order
Slovakia could sue EU for plans to cut off Russian gas supplies
Fed rate cut will not affect most Gulf stocks