Lithuanian operator of oil and liquefied natural gas (LNG) terminals AB Klaipėdos Nafta (KN) has signed a memorandum of understanding (MoU) with Belgium’s Fluxys to collaborate on the development of small-scale LNG projects and infrastructure in Europe.
‘The memorandum will enable the companies to be more pro-active both in the Baltic Sea Region and beyond. Klaipėda will become an active LNG distribution centre in the LNG supply chain in the Nordic countries and Europe as a whole,” said Lithuanian Minister of Energy Žygimantas Vaičiūnas.
As highlighted by Mindaugas Jusius, CEO of KN, Belgium is very advanced in the field of LNG and the Zeebrugge LNG terminal has developed into a first-mover LNG distribution hub.
“Belgium‘s experience is very valuable for the implementation of a small-scale terminal in Klaipėda as an efficient LNG hub performing regional functions, as a number of key elements – the port LNG infrastructure, the mainland LNG infrastructure and the market have to be linked together into a cohesive system,” the company said.
The MoU was signed as part of a visit of a Lithuanian energy delegation to Fluxys’ Zeebrugge LNG terminal and its small-scale LNG facilities in Belgium.