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Lithuania’s gas hub plans move further away

Although the Klaipeda LNG terminal has been successful for Lithuania, the country’s attempt to become a Baltic gas trading hub is faltering Although the Klaipeda LNG terminal has been successful for Lithuania, the country’s attempt to become a Baltic gas trading hub is faltering.
By Dariusz Kalan 2 June 2017 Europe & Russia / LNG 0 26182
The FSRU Independence at Klaipeda. Lithuania’s plans to become a gas trading hub have stalled. (Höegh LNG)

A lack of interest from foreign companies in the Klaipeda LNG terminal is thwarting Lithuania’s plans to become a regional gas hub. The facility has yet to receive a single application from a foreign client to use its capacity, Tadas Matulionis, director of terminal operator Klaipedos Nafta’s LNG department, told Interfax Natural Gas Daily.

Three domestic companies have booked capacity until September: state-controlled utility Lietuvos Energija and its gas unit Lietuvos Duju Tiekimas (LDT), and privately owned Lithuanian fertiliser producer Achema.

Romas Švedas, professor at the...