President of the Republic of Lithuania

Diversification of gas supply will ensure energy security and competitive prices

2012-04-29

Sunday, April 29, Doha - President Dalia Grybauskaitė is on a working visit in Qatar. The President met with His Highness Sheikh Hamad bin Khalifa Al Thani, Emir of the State of Qatar, and with other members of his family who hold leading positions in the country. This is the first highest level bilateral meeting between the leaders of Lithuania and Qatar over twenty years of diplomatic relations.


Qatar is the world's number one LNG supplier. The meeting focused on the prospects for bilateral cooperation in the spheres of economy and energy. The President introduced to the Qatar leaders the project of the liquefied natural gas terminal under construction in Lithuania and discussed the opportunities to supply gas to Lithuania.


"Energy independence and energy security are among key priorities of Lithuania. Only having ensured an alternative gas supply from various places around the world we will reduce our dependence on Russian "Gazprom", which is dictating monopolistic prices of gas, and will pay for gas the price at a competitive level," the President underlined.


Lithuania seeks to ensure that upon launching the liquefied natural gas terminal and expiry of the gas supply agreement with "Gazprom" in 2015, the gas supply reaches up to 0.7-1.0 billion cubic meters per year. The planned annual capacity of the LNG terminal is 2 to 3 billion cubic meters.


The Emir of the State of Qatar considers that cooperation with Lithuania in the energy sector will be mutually beneficial. Whereas Qatar's leader voiced his political support for the supply of gas to our country, the ministers and specialists have been assigned the task to coordinate the technical details.


Both sides having expressed their interest in cooperating in the energy sphere and having discussed the cooperation opportunities on a highest level, "Klaipėdos nafta" started actual negotiations with "Qatargas" on supply of gas to the Lithuanian liquefied natural gas terminal. The negotiations confidentiality agreement has already been signed.


Qatar is interested in gas supply to Lithuania as it will contribute to diversification of the current supplies which are majorly to Japan, South Korea, and India.


The gas supply potential is also in the focus of Lithuania's talks with Norway, Algeria, Nigeria, Trinidad and Tobago, the USA, and Azerbaijan.


The President invited His Highness Sheikh Hamad bin Khalifa Al Thani to visit Lithuania with a business delegation and to establish direct contacts with business people of our country. The Emir has accepted the President's invitation promising to pay a visit to our country.

Press Service of the President

Last updated 2012.04.29 14:06

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