Lithuania in LNG deal with StatoilStaff writer ▼ | August 22, 2014
Lithuanian gas company Litgas signed a five-year deal with Norway's Statoil to import 540 million cubic meters/year of gas as LNG through the country's planned Klaipeda LNG facility.
Five-year deal The company from Norway will replaces Gazprom
Lithuania currently relies on pipeline imports of gas from Russia's Gazprom and sees LNG imports as a chance to diversify supply and strengthen its position in price negotiations with Gazprom.
"This historic agreement means that from the beginning of 2015, for the first time we will have a permanent alternative source of natural gas imports," Lithuanian Prime Minister Algirdas Butkevicius said in a statement on the Lithuanian government website. ■