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Lithuania receives first liquefied natural gas from the U.S.

Aug. 21, 2017 11:16 AM ETCheniere Energy, Inc. (LNG) StockLNG, EQNRBy: Carl Surran, SA News Editor8 Comments
  • Lithuania has received its first spot shipment of liquefied natural gas from the U.S., the result of a deal with Cheniere Energy (LNG -1%) and aimed at reducing the country's dependence on Russia.
  • "We are happy to reach a point where importing gas from U.S. is not only politically desirable but also commercially viable," Lithuania's energy minister says; the country is the first ex-Soviet state to buy U.S. natural gas.
  • Lithuania's government estimates it will import half of its gas consumption in 2017 as LNG, mostly from Norway's Statoil (STO -0.6%), with the rest imported via a gas pipeline from Russia.

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