Related Articles
Forward article link
Share PDF with colleagues

Litgas and Statoil offer vessel bunkering services

Teaming up with Statoil, Litgas is trying to get more usage out of its under-used floating LNG regasification terminal

Trying to squeeze more value out of its under-used floating LNG regasification terminal, Lithuania’s state-owned Litgas is looking to set up a joint venture with Statoil later this year to offer vessel bunkering and lorry tankering services. Statoil said the Baltic small scale LNG market could become commercially attractive once all the relevant regulatory and corporate approvals are in place and the final investment decision taken. The parties expect it to reach between 500m m³ and 1bn m³ (regasified) by 2020. The JV would be well positioned to supply this growing market and could start up in 2017, they said 2 July. Statoil sells up to 400,000 t/y to Litgas, the minimum required to keep i

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG