Lithuania and Israel discuss LNG imports
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
On his recent visit to Israel, Lithuania’s Prime Minister, Algirdas Butkevicius, met with Prime Minister Benjamin Netanyahu to discuss economic relations and the possibility of new cooperation in the field of energy.
LNG imports from Israel formed a key part of this discussion. Israel recently discovered large quantities of natural gas, and plans to start its production in 2016.
Mr Butkevicius emphasised Lithuania’s importance as a gateway to the EU market: “We happen to be among the leading Baltic transport hubs, besides, our country is crossed by two international transport corridors – East-West and North-South. They lead to both Western as well as Eastern European markets, which makes us an attractive transit country with excellent logistics infrastructure.”
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/regasification/10092015/lithuania-and-israel-discuss-lng-imports-1266/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.