KLAIPEDA - Lithuania announced on Monday that it has picked the Norwegian company Hoegh LNG to build a liquefied natural gas terminal (LNG), with a floating storage and regasification unit (FSRU), aimed at reducing Lithuania’s dependence on Russian gas supplies. The 10-year contract between the Norwegians and the state-owned company Klaipedos Nafta is expected to be signed in February, and the terminal is to be launched by the end of 2014, Klaipedos Nafta said in its statement.“We are very pleased to announce that we have made a very significant stride towards the implem...
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