VILNIUS- Lithuania is building a liquefied natural gas (LNG) terminal for its own use, while regional terminal cannot be constructed before 2017 because of Latvia's contracts with Gazprom," said Prime Minister Andrius Kubilius on Latvian Economy Minister Daniels Pavluts' comments that it would not pay off for Lithuania to build a terminal that has no potential to become regional.
"I do not know if the minister has looked at the Klaipeda LNG terminal project and saw the figures there. We have estimated everything very carefully and see a realistic economic prospect to have cheaper gas. If we had such terminal now, we would pay 30 percent less for gas. I believe that Gazprom, seeking to retain competitiveness in Lithuania, would also try to lower the gas price. The terminal we are about to build is for our own use rather than to serve the region," Kubilius said on the radio Ziniu Radijas.
"Things in Latvia are moving much slower. From what I know from Latvian prime minister, they cannot change anything in the country's gas market before 2017 because they say they have contracts with Gazprom. That means that any plans to have a regional LNG terminal, be it in Riga, can be implemented only after 2017. We cannot afford waiting till 2017 or 2018," he said.
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