The arrival of the 170,000 m3 FSRU “Independence” marks the completion of the main infrastructure of the Klaipėda Liquefied Natural Gas (LNG) terminal in Lithuania. This was the first strategic project under the European Energy Security Strategy successfully implemented in the Baltic region and has been dubbed “the Game Changer”.
The LNG project is a historic milestone for the Baltic states energy sector since for the first time it unlocks the energy island from dependency on the Russian energy market—unchaining the bonds inherited after the Soviet Union.
Regional Importance:
– Access to the Baltic countries, the natural gas market, including the Inčukalnis underground gas storage facility;
– The Finnish market will be available after completion of the gas pipeline Balticconnector;
– The Polish market will be available after completion of the gas pipeline GIPL;
– The Ukrainian market is accessible to an agreement on transit through Belarus;
– Guaranteed natural gas security of supply and the availability of gas in the global market from the selected supplier (-s);
– Development of LNG distribution market in the Baltic Sea region.
The LNG terminal together with onshore small-scale (under development) LNG reloading station aims to become the LNG hub for the Baltic Sea, fully open for third party access. In the future, the capacity of the terminal can grow to meet the full combined natural gas demand in Lithuania, Latvia and Estonia.