ap

Skip to content
People wave national flags Monday as they welcome the first liquefied natural gas terminal "Independence" to the port of Klaipeda, Lithuania.
People wave national flags Monday as they welcome the first liquefied natural gas terminal “Independence” to the port of Klaipeda, Lithuania.
PUBLISHED: | UPDATED:
Getting your player ready...

TALLINN, Estonia — A giant floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda as the Baltic country tries to further reduce its reliance on energy supplies from Russia.

The South Korean-built 984-foot vessel — the size of an aircraft carrier — will be able to provide 4 billion cubic meters (141 billion cubic feet) of gas a year when it becomes operational, expected in December.

The three Baltic nations of Lithuania, Latvia and Estonia get all their natural gas from Russia and lack connections to the wider European pipeline system that would allow them to import from elsewhere.

Lithuanian President Dalia Grybauskaite said the terminal will be able to cover 90 percent of the gas needs of three countries, importing about 1 billion cubic meters of gas via the terminal in the first year of operation.

“We have become an energy-secure country,” she said at a ceremony to welcome the arrival of the ship in Klaipeda, according to the BNS news agency.

Moscow’s use of gas supplies as a means of putting pressure on Ukraine — like the Baltics, once part of the Soviet Union — has driven new urgency into projects to diversify sources. The Baltic countries have been among the swiftest in Europe to act to reduce dependence on Russia.

RevContent Feed

More in Business