Litgas and Statoil offer vessel bunkering services
Teaming up with Statoil, Litgas is trying to get more usage out of its under-used floating LNG regasification terminal
Trying to squeeze more value out of its under-used floating LNG regasification terminal, Lithuania’s state-owned Litgas is looking to set up a joint venture with Statoil later this year to offer vessel bunkering and lorry tankering services. Statoil said the Baltic small scale LNG market could become commercially attractive once all the relevant regulatory and corporate approvals are in place and the final investment decision taken. The parties expect it to reach between 500m m³ and 1bn m³ (regasified) by 2020. The JV would be well positioned to supply this growing market and could start up in 2017, they said 2 July. Statoil sells up to 400,000 t/y to Litgas, the minimum required to keep it
Also in this section
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
