Lithuania Seeks Gas Supplies From Statoil for LNG Terminal

Lithuania is in talks with Norway’s Statoil ASA (STL) over possible liquefied natural gas supplies for the country’s gas terminal on the Baltic sea, the Lithuanian energy ministry said.

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

To contact the editor responsible for this story: Balazs Penz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.