LNG terminal

Lithuania has proven that, despite being a small country, it can build a liquefied natural gas (LNG) terminal and to ensure its energy independence without anyone’s help, the president has said.

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On Wednesday, Lithuanian Prime Minister Algirdas Butkevičius welcomed Dag Malmer Halvorsen, ambassador of the Kingdom of Norway, in Vilnius.

Lithuanian President Dalia Grybauskaitė met with the heads of 18 major Norwegian business companies and investment funds to discuss the investment climate and business opportunities in Lithuania, the presidential press service said.

The port of Klaipėda is ready to receive the floating storage and regasification unit (FSRU) of the Lithuanian liquefied natural gas (LNG) terminal, even if it docked today, says Prime Minister Algirdas Butkevičius.

While Sweden's army is looking for what it suspects is a Russian submarine spotted in the country's waters near Stockholm - a situation reminiscent of Cold War incidents - Lithuania must monitor the Baltic Sea, above and underwater, as it awaits the arrival of its LNG Terminal's storage unit.

Lithuania has stepped up vigilance as it is awaiting the arrival of the LNG ship-terminal, Lithuanian Minister of National Defence Juozas Olekas said, adding that every incident in the Baltic Sea must be taken very seriously.

Minister of Energy Rokas Masiulis has said that the incident in the Swedish Baltic Sea waters, where a suspected Russian submarine might have been spotted over the weekend, should not hamper Lithuania's Liquefied Natural Gas terminal project.

The European Commission recommends Estonia, Latvia, Lithuania and Finland to start preparing for an emergency situation immediately since if Russian gas taps were turned off, Estonia, for example, would run out of gas in 4-5 days, Eesti Paevaleht writes.

Natural gas trading company Litgas has distributed gas volumes, that are to be mandatorily purchased from the liquefied natural gas (LNG) terminal, to heating producers and Elektrėnai Power Plant.

If gas supplies from Russia to Lithuania, Latvia and Estonia were to be disrupted, the soon-to-be-commissioned liquefied natural gas (LNG) facility in Klaipėda would ensure the supply for customers in all three Baltic countries, the European Commission (EC) has said.

Energy Minister Rokas Masiulis says that the price of gas supplied through the Liquefied Natural Gas (LNG) terminal will be determined by the international market as it will be calculated based on the United Kingdom's National Balancing Point (UK NBP) gas prices.

Minister of Energy Rokas Masiulis has yet to give a concrete answer about whether Lithuania needs a new nuclear power plant (NPP) in Visaginas. According to him, Lithuania is finding its feet regarding energy security, thus there is no need to rush with the decision.

The newly appointed Minister of Energy Rokas Masiulis says that he will decide on the directions of his policies after he better studies costs of major energy projects.

Lithuanian Minister of Foreign Affairs Linas Linkevičius, who is now part of the country's delegation in the United States of America, spoke to Robert Siegel of the National Public Radio (NPR). He thanked Americans for taking the initiative to coordinate Western response to Russia's actions in Ukrai...

The Independence, floating storage and regasification unit (FSRU) built for Lithuania’s liquefied natural gas (LNG) terminal, underwent various types of tests on its way to Lithuania, therefore, the vessel, which left Korea in mid-May, will only reach Klaipėda late in October, a presidential aide ha...

Once Japan restarts its nuclear capabilities, it will reduce its reliance on LNG. As a result, global LNG prices should drop, benefiting European states that are eyeing LNG as an alternative to Russian gas. This is particularly crucial for such Eastern European states as Lithuania and Poland that ha...

EU has rejected the proposal to finance the development of joint LNG terminal projects proposed by the Estonian company Alexela Energia and Finland's Gasum Oy, writes Eesti Päevaleht.

The Independence, the floating storage and regasification unit (FSRU) built for Lithuania's liquefied natural gas (LNG) terminal, will arrive in in Klaipeda on 27 October, Klaipėdos Nafta (Klaipėda Oil), the project developer, said on Wednesday.

Prime Minister Algirdas Butkevičius says he has no information that the construction work on the liquefied natural gas (LNG) terminal might exceed the established timetable.