Energy, EU – Baltic States, Gas, Good for Business, Lithuania, Transport

International Internet Magazine. Baltic States news & analytics Tuesday, 23.10.2018, 07:07

Limarko set to enter LNG transportation market

BC, Vilnius, 07.12.2017.Print version
Lithuania's largest shipping company Limarko is set to enter the liquefied natural gas (LNG) transportation market after Baltkonta, a subsidiary of the group, has ordered its first 400,000-euro LNG tank truck in Germany, reports LETA/BNS.

Vytautas Lygnugaris, Limarko's owner and CEO, says that they plan to purchase more trucks in the future, with the exact number depending on market demand.


Limarko has said that Baltkonta will start offering LNG transportation services next fall. According to Baltkonta CEO Kestutis Kairys, a special truck tank has been already ordered from an unnamed company in Germany.


"In the future, everything will depend on customers' needs, because this is intended for LNG users, and we don't know yet how big the market will be," Lygnugaris told BNS.


"We are thinking not only about Lithuania, but also about the Baltic countries and even the Scandinavian markets", he added.


The CEO would not say if the company will use Klaipedos Nafta's LNG reloading station that launched operations last October.


"I can't tell you this, because it's a commercial secret," he said.


Tank trucks from Poland's gas supplier Duon were the first to be loaded with LNG at the new station in mid-October. The gas was sold to the Poles by Lithuania's gas trade company Litgas.


Search site