{"id":29184,"date":"2015-08-20T02:00:28","date_gmt":"2015-08-20T02:00:28","guid":{"rendered":"https:\/\/splash247.com\/?p=29184"},"modified":"2015-08-26T12:46:10","modified_gmt":"2015-08-26T12:46:10","slug":"litgas-ship-hunt-with-statoil","status":"publish","type":"post","link":"https:\/\/splash247.com\/litgas-ship-hunt-with-statoil\/","title":{"rendered":"LITGAS: Ship hunt with Statoil"},"content":{"rendered":"<p>Vilnius: Natural gas supply and trading company LITGAS, part of Lithuania\u2019s state owned energy holding Lietuvos Energija, and Norwegian energy giant Statoil are in the market for ships together, <em>Maritime CEO<\/em> can exclusively reveal today.<\/p>\n<p>Last month the two companies signed a memorandum of understanding (MoU) on to develop a joint venture company in Lithuania to develop small scale LNG bunkering services.<\/p>\n<p>Dominykas Tuckus, LITGAS\u2019s CEO, tells <em>Maritime CEO<\/em> his company and Statoil are now \u201cplanning to acquire some shipping capacity enabling to supply LNG to prospective customers\u201d.<\/p>\n<p>\u201cWe are now assessing various options, such as owning or long term chartering,\u201d he says.<\/p>\n<p>With the Baltic becoming an emissions control area this year, LITGAS is in a good position, controlling Klaip\u0117da\u2019s LNG terminal which is the only one large scale terminal in the Baltic able to reload LNG in addition to regasification.<\/p>\n<p>\u201cKey infrastructure enabling receiving large scale LNG vessels and breakbulking activities into smaller vessels is already in place and we are seeking to utilise its capacity,\u201d Tuckus says.<\/p>\n<p>Along with LITGAS\u2019s partner, Klaipedos Nafta, which operates the LNG terminal, Tuckus intends to build additional onshore infrastructure that will allow trucks to load LNG and supply it to customers in Poland and Baltic States.<\/p>\n<p>Shipping\u2019s adoption of LNG as a fuel is just around the corner, insists Tuckus.<\/p>\n<p>\u201cMore significant changes are coming in 2017, when shipowners will commission LNG powered ships, which are currently under construction. We think this will be a turning point helping to reach a critical mass needed for the LNG bunkering market to start developing faster,\u201d he says.<\/p>\n<p>LITGAS will merge with its sister company \u2013 a natural gas supplier Lietuvos Duju Tiekimas from 2016. Combined with its Statoil JV, Tuckus says LITGAS will be a \u201cstrong player\u201d in the region\u2019s natural gas and LNG supply markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vilnius: Natural gas supply and trading company LITGAS, part of Lithuania\u2019s state owned energy holding Lietuvos Energija, and Norwegian energy giant Statoil are in the market for ships together, Maritime CEO can exclusively reveal today. Last month the two companies signed a memorandum of understanding (MoU) on to develop a joint venture company in Lithuania &hellip;<\/p>\n","protected":false},"author":1,"featured_media":29188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,59,81],"tags":[103,270,142],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LITGAS: Ship hunt with Statoil - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/litgas-ship-hunt-with-statoil\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LITGAS: Ship hunt with Statoil - Splash247\" \/>\n<meta property=\"og:description\" content=\"Vilnius: Natural gas supply and trading company LITGAS, part of Lithuania\u2019s state owned energy holding Lietuvos Energija, and Norwegian energy giant Statoil are in the market for ships together, Maritime CEO can exclusively reveal today. 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