Gas, Good for Business, Lithuania, Oil, Port, Transport

35 LNG vessels visited the terminal in January-June, which is the highest number since the start of the terminal's operation, its operator Klaipedos Nafta (Klaipeda Oil) says.

Figures from Lithuania's gas transmission company Amber Grid show that the LNG terminal ensured 72% of gas supplied to consumer in Lithuania and other Baltic states.

"That's almost double from the first half of last year when gas supply from the terminal made 43%. Obviously, having compared the global prices of pipe-supplied and LNG prices, importers decided to buy more of the latter," Jurgita Silinskaite-Vensloviene, acting director of commerce at Klaipedos Nafta, said in a statement.

In her words, the LNG terminal's clients actively used the possibility to buy cheaper gas and store it at the Incukalns gas storage in Latvia.

In terms of its origin, 60% of LNG came from Norway. Almost 26% was supplied from the United States, and gas shipment brought by small vessels from Russia made the rest. The number of LNG shipments from the US was the biggest since the terminal's launch.