Possible shale gas import by Lithuania
ELTA – bssb.be
Lithuanian LitGas, a subsidiary of the state owned Lietuvos Energija, has signed a LNG import contract with Norway’s Statoil last week that will bring 540 billion cubic meters of gas to the Lithuanian market per year, with the first shipment to arrive in January 2015. The price will be approximately $400 for 1,000 cubic meters of gas.
Lithuania is currently entirely dependent on imports of Russian natural gas. The country is not only looking to meet its demand for energy via shipping gas to the recently built Klaipėda LNG terminal, but also to use the terminal’s eventual capacity to become a local exporter.
The Klaipėda terminal’s throughput for the first few years of operation is expected to reach one billion cubic meters of gas per year and eventually reach four billion cubic meters which would exceed current natural gas consumption in Lithuania. The Lithuanians plan to sell the excess gas off to other countries. Mindaugas Aleška of state-owned Klaipedos Nafta told the Polish Press Agency that several companies from Poland and Baltic countries were interested in buying gas from the Klaipėda terminal, though he did not name any names.
Also, a possible shale gas import by Lithuania through the Liquefied Natural Gas terminal which is currently under construction in Klaipeda was discussed at a meeting between President Dalia Grybauskaite and a U.S. Congress delegation, reports ELTA. Chief Advisor to the President on Foreign Policy, Jovita Neliupsiene, said that Democratic Senator Bill Nelson, member of the Committees on Armed Services, Budget, Commerce and Finance, welcomed the idea of shale gas
imports from the US.
ELTA – bssb.be