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28.10.2014 11:46
© http://www.hoeghlng.com/
After less than three years and spending of, A 350 million litai (about EUR 100 million) off-shore liquefied natural-gas vessel has anchored on the former Soviet republic Baltic coast on Monday. The ship will convert LNG into natural gas and pump the commodity to the mainland, Bloomberg reported.
The Independence, with a capacity of 170,000 cubic meters, is leased by Klaipedos Nafta AB, the state-owned energy terminal operator, from Norway’s Hoegh LNG Holdings (HLNG) for 10 years with an option to buy the regasification unit. Hoegh will also provide maintenance and the crew.
Norway’s Statoil has a contract to supply the terminal with LNG for five years to cover its minimum operations with the first delivery scheduled tomorrow. Statoil’s supplies will come “in the same price-range” as Gazprom’s exports to Lithuania after this year’s price-reduction
The aim is to free the country from its dependence on Russia’s OAO Gazprom, the world’s largest gas supplier and the sole source for Lithuania. Years before the Ukraine conflict renewed fears of another winter gas shutoff from Russia, Lithuania requisitioned the Independence, a South Korean-made ship the length of three football fields. It is docking in the port of Klaipeda and may replace all Russia’s annual 2.7 billion cubic meters of gas supplies.
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