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jv-to-develop-lng-fuel-market-opportunities
jv-to-develop-lng-fuel-market-opportunities

JV to develop LNG fuel market opportunities

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Klaipedos Nafta, operator of the first full scale LNG terminal in the Baltic Sea region, and Bomin Linde LNG, Germany-based provider of liquefied natural gas (LNG) as marine fuel, have signed a Memorandum of Understanding (MoU).

In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea.

As of 1st of January 2015, Klaipedos Nafta has successfully started commercial operations of its floating storage and regasification unit (FSRU) named ‘Independence’, providing LNG regasification and reloading services on a third-party-access basis. In the next step, the company intends to construct an on-shore small-scale LNG reloading station in the port of Klaipeda. With this station Klaipedos Nafta will be able to offer small-scale LNG services, e.g. loading services for trucks, serving the increasing demand for LNG the Baltic States and in Poland.

Bomin Linde LNG intends to become the user of the Klaipeda LNG terminal and to book regulated LNG reloading capacities in order to use the facility as the regional break-bulking hub for the Baltic Sea.

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