Articles Tagués ‘Replace Russian Gas With U.S. Supplies’

To Inform is to Influence

Issei Kato / Reuters Litgas said Friday it had signed a memorandum of understanding (MOU) with Delfin LNG, a developer of the United States’ first offshore gas liquefaction project.

OSLO — Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation’s dependence on Russia.

Litgas said Friday it had signed a memorandum of understanding (MOU) with Delfin LNG, a developer of the United States’ first offshore gas liquefaction project.

U.S. LNG exporters are looking to the small Baltic states and Poland as hopes for a boom in Asian demand for cheap North American natural gas wane.

Delfin LNG LLC is developing an offshore liquefaction and export facility in Louisiana with a total export capacity of 13 million tons of LNG per year (about 18 billion cubic meters of natural gas).

Subject to regulatory approval, the project will be constructed in phases, and is expected to start in 2019.

The MOU is not binding in terms of selling or buying LNG, Litgas said.

Last year, Litgas signed a five-year contract to buy…

Voir l’article original 92 mots de plus