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2014.04.17 11:15

Lithuanian Minister of Energy discusses gas supplies in Qatar

BNS | DELFI | The Lithuania Tribune2014.04.17 11:15

(BNS) Lithuanian Energy Minister Jaroslav Neverovič discussed gas supply possibilities during his official visit to Qatar at the start of this week, the ministry said on Wednesday.

 (BNS) Lithuanian Energy Minister Jaroslav Neverovič discussed gas supply possibilities during his official visit to Qatar at the start of this week, the ministry said on Wednesday.

Neverovič met with Qatar’s energy and industry minister and officials from Qatargas, the world’s largest liquefied natural gas (LNG) producer and exporter, in Doha on Monday and Tuesday, it said.

The Lithuanian energy minister visited Qatargas’ LNG production facility, which produces LNG that meets Lithuania’s quality requirements.

“Lithuania will provide its LNG terminal with the so-called third party access and will be happy to attract new participants to the Lithuanian gas market,” Neverovič was quoted as saying in the press release.

Qatar is the world’s largest LNG exporter with its LNG gas exports totalling around 172 billion cubic meters, or 33 percent of global LNG exports. Qatar’s LNG exports to European countries account for 10 percent of the overall exports.

Litgas, a gas trader controlled by the state-controlled energy group Lietuvos Energija (Lithuanian Energy), said in February that it had shortlisted three potential LNG suppliers.

The company is holding direct negotiations with those companies and plans to sign a five-year supply contract with the best bidder in the middle of this year.

Lithuania is building a LNG terminal in Klaipeda to obtain an alternative to Gazprom-supplied Russian gas. The terminal is expected to be operational by next December.

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