The world’s largest LNG bunker supply vessel “Kairos” has started operations in Northwest Europe

On December 11th, 2018, the world’s largest LNG bunker supply vessel “Kairos” has started operations in Northwest Europe. Chartered by Blue LNG, a joint venture of the Hamburg based leading LNG supplier “Nauticor” with a 90% share and the Lithuanian energy infrastructure provider KN with a 10% share, the ship was handed over by the owner Babcock Schulte Energy in the port of Klaipeda.

The LNG terminal will remain the main tool for the exertion of pressure on gas price after 2024

On 11 April, the experts from the international company Pöyry Management Consulting presented a study on securing long-term import of liquefied natural gas (LNG). The study examines the need for LNG supply after 2024 and presents a cost-benefit analysis of the most economically advantageous alternatives of securing such supply. The study reveals that the LNG terminal will continue to bring economic benefits to Lithuania after 2024.