EMEA News
Gasum Secures Long-Term Access to Klaipeda LNG Terminal
Energy company Gasum has secured long-term capacity at the Klaipeda LNG terminal in Lithuania for the period 2033-2040.
The agreement will support its ability to supply LNG and bio-LNG to customers across northwestern Europe over the coming decade, it said in a statement on its website on Wednesday.
Klaipeda is already part of Gasum's supply chain, serving as a reloading point for its LNG carrier and bunker vessels and supporting natural gas operations in Finland and the Baltic countries.
"Securing capacity at Klaipeda supports Gasum’s strategic long-term supply capability and gives us flexibility in optimizing deliveries to our terminal network and maritime customers, Anders Malm, Senior Vice President, Supply & Trading at Gasum.
“It also underpins our commitment to being a dependable partner in the energy transition.”
Gasum said the terminal's location complements its LNG terminal network in Finland, Sweden and Norway and will also help serve maritime customers operating in and around the Danish Straits.
The company expects demand for LNG and bio-LNG to grow, particularly in shipping as the number of LNG-fuelled vessels increases and the industry seeks lower-emission fuel options.
Gasum added that the terminal capacity could also be used to support bio-LNG production through virtual liquefaction of biomethane.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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