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

Maersk Expands Trade and Tariff Platform

Maersk Expands Trade and Tariff Platform

Brazil Port Terminals Call for Dredging Amidst El Niño Threat

Brazil Port Terminals Call for Dredging Amidst El Niño Threat

Transportation Secretary, Port of Corpus Christi to Explore Nuclear Maritime Technologies

Transportation Secretary, Port of Corpus Christi to Explore Nuclear Maritime Technologies

Crowley Adds Container Service Connecting Port Houston and Central America

Crowley Adds Container Service Connecting Port Houston and Central America

Subscribe for Maritime Logistics Professional E‑News

Sources say that Russia's Black Sea Novorossiysk Port resumes oil loading after drone attack
Oman claims that weather and technical difficulties are hampering the salvage of oil-spills and tankers.
US railroad Union Pacific made money by charging fuel costs for the Iran war to cover its costs.