Latvia plans to build LNG terminal

At its meeting on Monday, April 11, the Coalition agreed that Latvia should develop its own LNG terminal, Prime Minister Krišjānis Kariņš said at a briefing after the meeting.

According to him, the coalition agreed that regasification of liquefied natural gas could be carried out at the terminal in Latvia. The Ministry of Economy (EM) is entrusted with choosing potential investors and the best place to build such a terminal.

EM will have to continue working with Estonia and Finland at the same time to ensure natural gas supplies from the future Paldiski terminal, which will start work in the autumn. Latvia could start receiving natural gas from this terminal at the end of the year. Latvia will also continue to deal with Lithuania's Klaipeda terminal.

“Let us develop our terminal while we are open to cooperation with our northern and southern neighbors,” the Prime Minister said.

 

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