Lithuania: Government Signs Resolution to Continue LNG Terminal

Klaipedos Nafta has announced today that the government of Lithuania has signed a resolution to ensure that a planned LNG terminal for the country continues to go ahead.

The resolution comes after Lithuanian Prime Minister Andrius Kubilius promised that the LNG terminal project would not be abandoned in light of recent developments in the linking of Poland and Lithuania's gas grids through a new pipeline.

A statement released from Klaipedos Nafta said that it will continue its work on the LNG terminal under the resolution.

"The Ministry of Energy of the Republic of Lithuania is assigned to initiate the general meeting of shareholders of AB Klaipedos Nafta regarding the amendment of the Articles of the Association of AB Klaipedos Nafta, proposing to stipulate in the Articles of the Association of the company that one of the purposes of AB Klaipedos Nafta activities would be the establishment of the LNG terminal and its preparation for operation, ensuring economical and rational operation of the LNG terminal and/or its later transfer to the natural gas transmission system operator controlled by the Republic of Lithuania," the statement said.

"State Enterprise Klaipeda State Seaport Authority is obliged to develop the current and to establish a new infrastructure of the Klaipeda State Seaport and in this way to create a background for the establishment and commencement of operation of the LNG terminal by 3 December 2014 and to transfer such infrastructure or to grant the right to use it to AB Klaipedos Nafta."

Work on the LNG terminal continues to progress with a supplier for the floating LNG import terminal already sourced. Last month, Hoegh LNG announced that it had won the contract for supply of a floating storage and regasification unit for Lithuania.