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Hammerfest LNG to supply Baltic

LNG tanker outside Hammerfest in Finnmark, Norway.

Russia’s Gazprom will no longer have monopoly on gas sales to Lithuania.

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Lithuania’s Ministry of Energy reports that the country’s gas company litgas has signed a contract with Norway’s Statoil on deliveries of 540 million cubic meters of natural gas over the next five years.

First tanker with liquid natural gas (LNG) could make port call to the Klaipeda LNG terminal set to open in January 2015. The terminal consists of a floating storage unit and a regasification plant.

The gas comes from Hammerfest LNG, the world’s northernmost LNG-plant processing gas from the Snøhvit field in the Norwegian sector of the Barents Sea.

The Ministry of Energy in Vilnius says some 6-7 LNG tankers from the Norwegian Barents Sea region is expected each year until 2020. The volum corresponds to some 15 percent of Lithuania’s annual consumption of natural gas.

Lithuania currently relies currently only on pipe-gas supplied to the country from Russia.