Lithuania Plans LNG Terminal in Klaipeda

July 25, 2013

Lithuania plans to build a liquefied natural gas (LNG) terminal at the port of Klaipeda, the Foundry reports.

The project, which is expected to be operational by 2014, will give the Baltic nation access to the world’s LNG market. Today, the nation’s existing natural gas infrastructure consists of a single pipeline owned by the Russian-government-controlled energy giant Gazprom.

The Lithuanian terminal would have a maximum capacity to re-gasify and supply 11 million cubic meters of gas per day, or 4 billion cubic meters (bcm) per year. The project includes a floating storage and re-gasification vessel, a new jetty and pipeline, and dredging of the port. The vessel itself is being built in South Korea and will be able to receive and process LNG from oceangoing supertankers.

Having a facility that can receive these LNG shipments is crucial to Lithuania’s energy future. Lithuania, which gained independence from the Soviet Union in 1991, is still almost entirely dependent upon foreign energy resources. Following the closure of Lithuania’s Ingalina nuclear power plant in 2009, the nation has had to rely upon natural gas and petroleum imports from Russia. Currently, 100 percent of Lithuania’s natural gas and 90 percent of its oil imports come from its eastern neighbor.

Copyright: The Foundry, 2013.