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Published: 27 november 2012 09:47

Prime Minister: Regional LNG terminal will be launched in 2030, but Lithuania cannot wait that long

Andrius Kubilius
Andriaus Ufarto/BFL nuotr. / Andrius Kubilius

A regional liquefied natural gas (LNG) terminal in the Eastern Baltic Sea region could only be launched in 2030, yet Lithuania needs to build the facility as soon as possible so as to reduce its dependence on Russia’s Gazprom, its only gas supplier, acting Prime Minister Andrius Kubilius has said on Monday in comment about the regional LNG terminal study commissioned by the European Commission (EC), which concluded that the regional facility should be built in the Gulf of Finland, either in Estonia or Finland.

“The findings show why our actions are absolutely logical and consistent – to have the terminal as early as in the end of 2014. That study outlines a possibility to have a regional terminal in place in around 2030. We do not have that much time – to continue living with monopolistic supply of Gazprom’s gas and its possibilities to dictate the prices,” Kubilius told the reporters.

The Commission’s conclusions stated very clearly that Lithuania’s decision to build a floating gas storage facility in the ice-free port of Klaipėda was cheaper as far as the costs were concerned, he said.

“The conclusions by the Commission itself show it very clearly that the option we have chosen – to build the terminal in Klaipėda – is cheaper, as far as the costs are concerned, than other options compared in that study. Possibilities to use our terminal for regional purposes may also be implemented if, as stated in the study, investments to enhance the interconnectors between the gas grids of the Baltic countries are made,” Kubilius said.

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