Lithuania signs US deal to replace Russian gas

2015/3/1 14:20:19

UBO Comment: We have to ask what would preclude Ukraine from making use of this same mechanism to solve at least a part of its dependence on foreign natural gas. If it would work for Lithuania, why would it not work for Ukraine? It might not be a complete solution but it could be a major step toward energy independence.


(MENAFN - AFP) Lithuania said Saturday it had signed a trade agreement to buy liquefied 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 US 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.

 

For complete text of the article, link below:

http://www.menafn.com/1094115994/Lith ... ussian-gas&src%3DNLEN

Printer Friendly Page Send this Story to a Friend Create a PDF from the article