Latvian government moves ahead LNG terminal project

On Tuesday, August 30, the Cabinet agreed to grant the status of a national interest object in Latvia to one of the two liquefied natural gas (LNG) terminal projects – the terminal planned for several years in Skulte, Prime Minister Krišjānis Kariņš (New Unity) said after the government meeting on August 30. 

The draft law will be presented to the government by September 20. The draft law will then have to be reviewed by the Saeima. The Minister of Economics, Ilze Indriksone (National Alliance), said at the press conference after the government meeting that Parliament will be supportive of this law because it is aware of the importance of this issue.

The Minister also said that the Cabinet has agreed to grant the status of a national interest object to the Skulte project on the basis of the opinions of the security authorities. The status of a national interest object means “faster procedures” for its implementation.

The Skulte LNG project expected to be implemented by autumn 2024, according to the information provided by the project applicant.

The Skulte LNG Terminal was registered in 2016. The true beneficiaries of this company are Arnfins Unums and Pēteris Ragaušs. In May of this year, 20% of the shares were purchased by fuel trader AS Virši-A. 

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