Courtesy the AFP
March 2, 2015
Lithuania said Saturday it had signed a trade agreement to buy liquified natural gas from the United States in a move aimed at reducing the EU Baltic state’s heavy dependence on Russian gas deliveries.
Under the deal with Houston-based Chenier Energy company, the first LNG fuel is expected to arrive in Lithuania as early as next year, state-owned company Litgas said in a statement.
“This agreement entered into with Cheniere … will provide us access to the prolific U.S. natural gas market,” Litgas General Manager Dominykas Tuckus said.
Lithuania’s first floating LNG terminal started commercial activity in January, becoming the first such facility to sever Moscow’s grip on gas deliveries to the Baltic states.
The nation of three million will initially import 0.54 billion cubic meters of gas from Statoil in 2015, covering about one-fifth of its demand.