Klaipedos Nafta (Klaipeda Oil), the state-owned petroleum product terminal operator that is implementing the liquefied natural gas (LNG) terminal project, is certain that the demand for gas in the country will be great. The company’s experts claim that gas consumption in Lithuania might increase to 5.12 billion cubic meters per year in 2015.
Meanwhile, in its national energy strategy for 2020, the Energy Ministry notes that the annual demand might range from 1.6 to 3.7 billion cubic meters.
“The volume of gas to be purchased in a certain year depends on many factors in the gas market. If the prices are too high, which is unjustified, the volume being acquired is smaller,” Kęstutis Jauniūkis, aide to Energy Minister, told the daily.
A study recently conducted by Lithuanian Energy Institute has shown that the annual demand for gas by the country’s heating producers will decline each year – from approximately 1 billion cubic meters now to at most 200 cubic meters in 2020.