The LNG terminal will remain the main tool for the exertion of pressure on gas price after 2024

On 11 April, the experts from the international company Pöyry Management Consulting presented a study on securing long-term import of liquefied natural gas (LNG). The study examines the need for LNG supply after 2024 and presents a cost-benefit analysis of the most economically advantageous alternatives of securing such supply. The study reveals that the LNG terminal will continue to bring economic benefits to Lithuania after 2024.

Lithuanians have developed an innovative technology for using LNG cold energy

Lithuanian engineers have succeeded in developing an advanced technology that will enable the efficient use of the cold energy of liquefied natural gas (LNG). This innovative solution, which will reduce the cost of electricity for businesses and contribute to the solution of ecological problems, will be adapted for use not only in the refrigerator terminals but also in many other objects.

KN and the US LNG supplier Freeport LNG signed a memorandum of understanding

On 3 April, KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, and Freeport LNG, the US liquefied natural gas (LNG) supplier and the operator of the future LNG terminal, signed a memorandum of understanding (MoU) in Washington related to further cooperation between them in areas of development of onshore infrastructure needed for FSRU based LNG import terminals.