The energy minister said Lithuania would first build the terminal, then share operations with Latvia and Estonia. (photo: energy ministry of Lithuania)
VILNIUS -- Lithuania's energy minister has said that the country is considering bringing neighboring Latvia and Estonia on board on the new liquified natural gas terminal project.
Energy Minister Arvydas Sekmokas said the country would build the plant on its own -- preemting the delays associated with international construction projects -- while the other Baltic States would repay part of the construction costs according to how much energy they use from the plant.
“We have to build the terminal with our resources but thereafter we will share the terminal with Latvia and Estonia, proportionally to (the respective) consumption of natural gas,” Sekmokas told reporters.
"We have a sole supplier and we are paying one of the highest prices in Europe. Therefore the issue of LNG terminal cannot be delayed," he said.
In July, Lithuania's government approved plans to build an LNG terminal off the Baltic port of Klaipeda by 2012. The new terminal is aimes at cutting down the country's dependence on Russia for its energy needs.