Floating gas terminal anchored in Lithuania

Staff Writer
Columbus CEO

TALLINN, Estonia (AP) — A floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda, in a move by the Baltic country to further reduce its reliance on energy supplies from Russia.

The South Korean-built 300-meter (984-foot) vessel — the size of an aircraft carrier — will be able to provide 4 billion cubic meters (141 billion cubic feet) of gas a year when it becomes operational in January.

The $330 million "Independence" is owned by Norway's Hoegh LNG and leased to Lithuania's SC Klaipedos Nafta terminal operator. It was 50 percent cheaper than a land-based terminal.

The three Baltic nations of Lithuania, Latvia and Estonia get all their natural gas from Russia and lack connections to the wider European pipeline system that would allow them to import from elsewhere.