Lithuania May Offer 20% in LNG Terminal to Investors, BNS Says

Lithuania may offer a 20 percent stake in the country’s planned liquefied-natural-gas terminal on the Baltic sea to foreign investors, the Baltic News Service reported today, citing Energy Minister Arvydas Sekmokas.

The shares may be offered to companies providing equipment, technology or gas supply, the newswire said. Norway’s Hoegh LNG (HLNG), the LNG vessel provider to the terminal, and Cheniere Energy Inc. (LNG) of the U.S. may be among the potential investors, Sekmokas was quoted as saying.

Lithuania plans to begin operations at the floating LNG terminal at the end of 2014.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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