Litgas taking US cargoes

Oslo: Lithuania’s LNG importer Litgas says it will purchase LNG from the United States’ first export terminal. The Lithuanin company has signed a non-binding deal with the terminal.

The Baltic states and Poland want to cut their dependency on supplies from Russia. Russia’s Gazprom has been the sole gas supplier to the region until the end of 2014 when Lithuania opened a floating import terminal. Poland plans to open another one later this year.

North America’s first LNG export terminal, Cheniere Energy Inc’s Sabine Pass, will send its first cargoes by late 2015.

“We can begin receiving cargoes as early as 2016 to match demand,” Litgas chief executive Dominykas Tuckus told Reuters.

Litgas has previously signed a deal with Norway’s Statoil  via Lithuania’s floating LNG import terminal and 16 non-binding agreements with other LNG companies.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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