LNG Terminal On Track, Official Claims


News: The implementation of a liquefied natural gas (LNG) terminal in Klaipeda, Lithuania is on track, reports the Baltic Course, citing Nerijus Udrenas, President Dalia Grybauskaite's chief adviser on economic and social policy issues. The construction of a LNG tanker has already commenced and will be concluded in early 2014, Udrenas added. The vessel-storage tank is likely to be shipped to the Klaipeda Port in H214. The LNG operations are scheduled to commence at end-2014.

Klaipeda is a modern port which handles all the country's freight and international ferry services, and is also the major node for the country's Russia-EU trans-shipment network. We believe that Klaipeda's strength lies in Lithuania's location; as the Baltic state closest to Central Europe, it has the potential to develop as a gateway for trade bound for Central and Eastern Europe, as well as states in Central Asia.