Goodbye Russian Natural Gas! Lithuania signs US deal!!!

[SvenSvensonov]

Lithuania signs US deal to replace Russian gas

Lithuania said Saturday it had signed a trade agreement to buy liquified natural gas from the United States in a move aimed at reducing the EU Baltic state's heavy dependence on Russian gas deliveries.

Under the deal with Houston-based Chenier Energy company, the first LNG fuel is expected to arrive in Lithuania as early as next year, state-owned company Litgas said in a statement.

"This agreement entered into with Cheniere ... will provide us access to the prolific US natural gas market," Litgas General Manager Dominykas Tuckus said.

Lithuania's first floating LNG terminal started commercial activity in January, becoming the first such facility to sever Moscow's grip on gas deliveries to the Baltic states.

The nation of three million will initially import 0.54 billion cubic metres of gas from Statoil in 2015, covering about one-fifth of its demand.

The first US LNG export terminal is expected to starts its operations later this year.

The Baltic states' reliance on Russia for gas is a legacy of its five decades of Soviet rule, which ended in 1991.

Members of the EU and NATO since 2014, Lithuania and fellow Baltic states Latvia and Estonia are concerned about Russia's actions in Ukraine and fear that Moscow could attempt to destabilize its Soviet-era Baltic backyard.

"LNG exports by the US may weaken the position of Russia which uses its energy resources as an energy weapon to blackmail countries dependent on Russian gas," Lithuania's Energy Minister Rokas Masiulis said this week.

Lithuania signs deal for U.S. LNG| Reuters

Lithuania signs US deal to replace Russian gas

@mike2000 @Steve781 @flamer84 @Gabriel92 - looks like Big Daddy 'Merica is ready to step in and replace Russia!!!

 

[fallstuff]

If all goes all, deliveries will start in 2019. Its always good to have a varied source of suppliers.

 

[boomslang]

The Marcellus Shale area is pumping out more gas than we know what to do with. My town, Philadelphia is looking to be a big distribution point for this gas.

 

[Metanoia]

Is it gonna be more expensive?

 

[KAL-EL]

The Marcellus Shale area is pumping out more gas than we know what to do with. My town, Philadelphia is looking to be a big distribution point for this gas.

All hail our town of Philadelphia!!

 

[boomslang]

Is it gonna be more expensive?

We'll probably cut them a break just to bust Putins balls.

 

[ptldM3]

We'll probably cut them a break just to bust Putins balls.

Having experience in maritime operations, i can say you never fail to demonstrate your lack of critical thinking. The US will have to ship that gas via large gas thirsty tankers that will require fuel, a crew and maintenance. That gas will have to be pumped into into the tanker which will take hundreds of trucks and hundreds or thousands of employees to oversee everything, at best case scenario the gas will be shipped from a terminal but even then that will require hundreds of people. Then the question is, does Lithuania have a terminal somewhere on the coast? If not that will take hundreds of more trucks to transport the gas after the shipment.


Then the tankers will have to be kept at dock and under security. I have been on 160 ft ships and it cost over $200,000 to top off the fuel tanks, tankers are usually over 1000 ft long, and there displacement/weight and drag is awful. Russia pumps very cheap and abundant fuel via pipelines.


Lithuanian gas will undoubtedly be much more expensive, it would not surprise me if the price multiples.

 

[indonesianguy]

Lithuanian gas will undoubtedly be much more expensive, it would not surprise me if the price multiples.

don`t worry lithuanian is very rich country ...

"sarcasm on"

 

[ChineseTiger1986]

First, you need to build a lot of LNG ships in order to deliver the gas, but who is going to build the LNG ships for you?

 

[Chinese-Dragon]

More gas for us I guess.

 

[Arya Desa]

This is the worst news I've heard all day.

 

[Superboy]

Sea floor pipeline?

 

[ptldM3]

First, you need to build a lot of LNG ships in order to deliver the gas, but who is going to build the LNG ships for you?

That and they will need some kind of fuel terminal, the Lithuanians can also hire subcontractor ships but it is very expensive. Read my original post, in it i explain some of what Lithuania will need. Obama is a disaster, everything he does backfires, he turned the middle east and Ukraine into war zones, he caused Europe to lose billions of dollars and now the Lithuanians have been dumb enough to get pulled into Obama's games.

 

[Superboy]

Not surprising. Lithuania hates Russia more than any other country.

In the meantime, CO2 is skyrocketing.

ESRL Global Monitoring Division - Global Greenhouse Gas Reference Network

 

[ChineseTiger1986]

That and they will need some kind of fuel terminal, the Lithuanians can also hire subcontractor ships but it is very expensive. Read my original post, in it i explain some of what Lithuania will need. Obama is a disaster, everything he does backfires, he turned the middle east and Ukraine into war zones, he caused Europe to lose billions of dollars and now the Lithuanians have been dumb enough to get pulled into Obama's games.

Obama caused the chaos in ME and Europe in order to get more capitals flowing back to the US, so the US economy can be rebooming again.

This is the trick played by every US President; Clinton on Kosovo and Bush on Iraq, and it resulted that the Euro currency was getting harmed heavily.

BTW, as for the LNG ships, only three options for them, China/Korea/Japan.

China is out of question, so the two left options are Korea and Japan, but if they are doing this, then it is the time for them to say goodbye with the Russian gas, since they are even much more energy hungry than China.