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October 28, 2014

At $330M, floating gas terminal half price of land-based terminal

  • The South Korean-built 984-foot vessel — the size of an aircraft carrier — will provide 90% of the gas needed by Lithuania, Latvia and Estonia.

    • TALLINN, Estonia (AP) — A giant floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda as the Baltic country tries to further reduce its reliance on energy supplies from Russia.

    The South Korean-built 300-meter (984-foot) vessel — the size of an aircraft carrier — will be able to provide 4 billion cubic meters (141 billion cubic feet) of gas a year when it becomes operational, expected in December.


     
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