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Lithuania boosts exports to neighbours amid low spot LNG prices

The country's Klaipeda LNG terminal has strengthened its position as a regional gas hub after record-high regasification volumes in June The country's Klaipeda LNG terminal has strengthened its position as a regional gas hub after record-high regasification volumes in June.
By Anna Gumbau 2 hours ago Europe & Russia / LNG 0 34388
The Independence FSRU arriving in Lithuania. (Robertas Dackus)

Lithuania’s 2.2 mtpa Klaipeda LNG terminal is now fully booked until the end of the next gas year in October 2020.

Lower spot prices and improved efficiency at the facility boosted its utilisation rate to more than 80% in the second week of June, following a trend seen at terminals in other EU member states.

Lithuania transported a total of 52.5 million cubic metres (MMcm) of gas to Latvia and Estonia in the second week of June alone, three times more than in the...