EuropeLNG Terminals

Latvia backs Skulte LNG import terminal

By LNG Prime Staff
Latvia backs Skulte LNG import terminal
For illustration only For illustration only (Image: Skulte LNG Terminal)

Latvia’s government is backing the construction of the planned LNG import facility at the port of Skulte, as the Baltic country looks to diversify its gas supply sources.

According to a statement released on Tuesday, Latvia’s Cabinet of Ministers has decided to grant the status of a national interest object to the Skulte LNG import facility.

The government evaluated two LNG import projects and chose the Skulte LNG import facility.

According to the statement, the draft law would be presented to the government by September 20.

Also, the country’s parliament or Saeima has to approve this law.

The government’s decision would allow for faster and simplified administrative procedures for the implementation of the LNG import project, the statement said.

Skulte LNG developers expect to complete the LNG terminal within 16 months, it said.

FRU and underground storage

In May, Latvian fuel trader Virši-A signed a deal to buy a 20 percent stake in the planned LNG import facility at the port of Skulte.

Virši and the project developer Skulte LNG Terminal will work to jointly develop the facility.

Established in 2016, Skulte LNG Terminal’s shareholders include the National Gas Terminal Society and Peter A. Ragauss, an entrepreneur with experience in the energy sector in the US market.

The terminal developer plans to install a floating regasification unit (FRU) at Skulte port area, 2.5 km offshore from coast line, with pipeline connection to the Inčukalns underground gas storage facility. The facility would have a capacity of up to 3 mtpa.

Baltic LNG imports to rise

Latvia currently has no LNG import terminals but its neighbor Lithuania imports LNG via the Klaipeda FSRU, while Estonia is also building an LNG terminal in Paldiski and the country chartered an FSRU with Finland, as part of plans to phase out Russian gas supplies.

Earlier this year, Latvia’s energy firm Latvenergo also said it would import regasified LNG via the Klaipeda facility.

Most Popular

LNG Terminals

Novatek installs Arctic LNG 2 GBS

Russian LNG exporter Novatek has completed the installation of the first gravity-based structure platform which will serve its Arctic...
LNG as Fuel

China’s Hengli wins orders for 52 LNG-powered container vessels

China’s Hengli Heavy Industry has secured orders from international shipping firms, including MSC, for 52 ultra-large LNG dual-fuel container vessels.
Contracts and Tenders

Cheniere inks long-term LNG supply deals with QatarEnergy

US LNG exporter Cheniere has entered into long-term liquefied natural gas (LNG) sale and purchase agreements with state-owned LNG giant QatarEnergy to supply 4 million tonnes per annum (mtpa) of LNG through 2054.

More News Like This

LNG Terminals

Lithuania’s KN reports higher LNG revenue

Lithuania’s KN Energies, the state-owned operator of the country’s first FSRU-based LNG import facility in Klaipeda, reported higher LNG revenue in the first half of this year due to high terminal utilization and increased regasification and reloading volumes.
Contracts and Tenders

Lithuania’s KN in Vietnam LNG move

Lithuania’s KN Energies, the state-owned operator of the FSRU-based LNG import facility in Klaipeda, has signed a memorandum of understanding with Vietnam-based Indel Petro to cooperate on energy and infrastructure projects in Vietnam.
LNG Terminals

Klaipeda LNG throughput up in H1

LNG throughput in the Lithuanian port of Klaipeda, home to the KN-Energies-operated FSRU-based LNG import facility, jumped in the first half of this year due to growing flows to Ukraine.
LNG Terminals

Lithuania’s KN says majority of Klaipeda FSRU capacity booked in 2027

Firms have booked the majority of regasification capacity at the FSRU-based LNG import facility in Klaipeda for 2027, according to Lithuanian LNG terminal operator KN Energies.