LNG

Lithuania to buy Klaipeda FSRU by end of 2024

Lithuania’s parliament has approved energy ministry plans to buy the Klaipeda FSRU within the next six years.
By Staff reporter 19 December 2018 0 33739

Lithuania’s parliament has approved energy ministry plans to buy the Klaipeda FSRU within the next six years, the ministry said on Tuesday.

The purchase would take place by the end of 2024, when the 10-year lease on the vessel will end.

The move will allow the costs of operating the vessel to be amortised over its lifespan instead of just a decade.

This could enable annual running costs to be reduced by €23-25 million ($26.2-28.5 million) as early as June 2019.

“Both business...