Latvia willing to buy LNG from Lithuania

  • 2015-08-27

Latvia’s Economic Minister, Dana Reizniece-Ozola, has confirmed the country would purchase gas from Lithuania's liquefied natural gas (LNG) terminal in Klaipeda, should prices be competitive.

"Technically, the infrastructure is there,” she said. “The Klaipeda-Kiemenai pipeline is set to be finished by the end of this year, and its capabilities are geared towards distributing LNG to Latvia. 

"Now it's all about the prices, because prices are an important factor. We need not only stable supplies, but we also need supplies at a competitive rate. That's the issue.”

She was speaking following a meeting with Lithuanian Energy Minister Rokas Masiulis and a visit to the LNG facility.

Masiulis said that there are no obstacles for Latvia to purchase gas from Lithuania.

"There are no real obstacles,” he said. "There is just inertia. 

“The gas business has been planned for many years ahead, but many companies still have contracts with Gazprom that are still in effect.”

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