Statoil to supply small-scale LNG to Baltics
9/16/2016
(Reuters) Norway's Statoil will supply small-scale LNG to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said.
The move comes after the energy firm signed an agreement with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija, to balance the gas supplies at the Klaipeda terminal.
"If I'm sitting here in five years and this is a success story, I hope that we are churning three to five conventional cargos annually into this market", Statoil's head of LNG operations Ingvar Skogseide told reporters.
Reporting by Andrius Sytas, editing by Gwladys Fouche
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