Gas tankers from Statoil’s Snohvit export terminal would reach Lithuania’s Klaipedos Nafta (KNF1L) AB LNG terminal within five days, which is an attractive alternative because of lower transportation costs, the ministry in Vilnius said in an e- mailed statement today.
Klaipedos Nafta, which is 70.63 percent owned by the state, plans to begin operations at a floating LNG terminal at the end of 2014. Klaipedos is also in talks with other potential gas suppliers such as the State Oil Company of Azerbaijan, known as Socar, Spain’s Gas Natural Fenosa and Cheniere Energy Inc. (LNG) of the U.S.
To contact the reporter on this story: Milda Seputyte in Vilnius at email@example.com
To contact the editor responsible for this story: Balazs Penz at firstname.lastname@example.org