Related Articles
Forward article link
Share PDF with colleagues

Lithuanian LNG terminal to be developed, but problems persist

The developers of a planned liquefied natural gas (LNG) terminal in Lithuania have won over an sceptical new government, but the problems of this project - designed to reduce the Baltic states' reliance on Russian gas - are far from over

On 6 December, the former Lithuanian gas monopoly Lietuvos Dujos submitted a complaint to the European Commission over a law related to the planned LNG terminal being built at Klaipeda port by Klaipedos Nafta, a 71% state-owned firm, Klaipedos Nafta. The move was no surprise. Ever since the Lithuanian parliament passed the law that sets out the legal and financial basis for the LNG terminal back in June 2012, the region's gas consumers have been unhappy about several of the law's provisions. At the top of the list of complaints is the stipulation that large gas consumers, such as Lietuvos Dujos, must purchase a minimum of 25% of their supplies from the terminal once it comes into operation

Also in this section
Odebrecht's trail of destruction
20 February 2017
The builder's region-wide corruption scheme has endangered energy projects across Latin America, none more important that Peru's Southern Gas Pipeline
Yet more Australian LNG
27 January 2017
While there's no end in sight for the global gas glut, higher crude prices will help exporters
The glut still weighs
25 January 2017
Higher oil prices will lift some LNG contracts, but do little to support the spot market