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

Russia Attacks Two Ukrainian Ports

Russia Attacks Two Ukrainian Ports

SSA Marine Appoints Meghan Weinman as President of Conventional Cargo Division

SSA Marine Appoints Meghan Weinman as President of Conventional Cargo Division

Port of Virginia Nears Completion of Dredging Project, Inaugurates New ULCV Berth

Port of Virginia Nears Completion of Dredging Project, Inaugurates New ULCV Berth

Pole Star Global Launches Maritime Transparency Index

Pole Star Global Launches Maritime Transparency Index

Subscribe for Maritime Logistics Professional E‑News

China's top diplomatic official tours Africa to focus on strategic trade routes
Berlin restored to power after longest blackout in history
Saudi stocks gain after regulator opens market to foreign investors