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Lithuania receives first LNG from the US

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LNG Industry,


Reuters are reporting that Lithuania received its first spot shipment of LNG from the US on 21 August, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region.

The government estimates it will import half of its gas consumption in 2017 as LNG, mostly from Norway's Statoil. The rest will be imported via a gas pipeline from Russia.

In June, Lithuanian state-owned trader Lietuvos Duju Tiekimas signed a deal with a unit of Cheniere Energy, its first direct import of LNG from the US.

The LNG tanker from Sabine Pass in the US moored in Klaipeda port on 21 August.

The LNG is for clients in Lithuania, Latvia and Estonia.

More LNG supplies to Lithuania from Cheniere are expected next year.

Gas prices in Lithuania dipped in 2014 as it opened the LNG terminal, ending the gas supply monopoly of Russia's Gazprom.

Polish state-owned trader PGNiG received its first US LNG shipment in July.

Read the article online at: https://www.lngindustry.com/liquefaction/22082017/lithuania-receives-first-lng-from-the-us/

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