EMEA News
LNG Vessel Passes Sea Trials
A new floating storage regasification unit (FSRU) vessel built for Lithuania has successfully passed sea tests and will arrive at Klaipeda's seaport in the fall, the Lithuania Tribune reports.
The Independence, built by Hyundai Heavy Industries Co. Ltd. in South Korea, went through sea trials from January 22 through 27, demonstrating its efficiency, maneuverability, speed, and safety.
The ship's propeller and safety equipment also underwent tests.
The vessel is part of a liquefied natural gas (LNG) terminal project being built by Klaipedos Nafta, which has a charter contract with the supplier of the vessel's owner, Hoegh LNG of Norway.
The deal involves a 10-year charter with purchase option, and the vessel's cost, including project costs and interest, is about $330 million, according to Hoegh LNG's website.
The LNG import terminal, which has received funding from the European Investment Bank (EIB), is intended to strengthen and diversify Lithuania's energy supply.
