Game Changer: Klaipeda LNG terminal
The first liquefied natural gas (LNG) terminal in the Baltic region will be inaugurated on October 27, 2014 in Klaipėda, Lithuania. The terminal will play a vital role for the entire Baltic region and increase its energy security. This marks an end of single supplier's monopoly and provides a possibility to have a functional gas market. The floating storage and regasification unit has been christened – ‘Independence’.
‘It is a real step towards our energy independence and security, which means that we have an alternative and no one ever will blackmail us over gas prices or influence, through energy, our political or economic life. It means not only fair prices for our people, but also an economically stronger and more competitive Lithuania. We will have the most sophisticated vessel that will serve not only Lithuania, but also the entire Baltic region. Lithuania is becoming a stable energy nation’ - Lithuanian President Dalia Grybauskaitė.
