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Latvian minister says building two LNG

terminals is a possibility

TERMINALS LATVIA’S Economy Minister Ilze Indriksone Terminal to acquire 20% of its shares to jointly
of National Alliance told Latvian Radio July 25 develop an LNG terminal at the port of Skulte.
that his country might give the green light for the The Skulte LNG terminal has yet to be built,
construction of two liquefied natural gas (LNG) but the Skulte project requires 34km of direct
terminals in Latvia. pipeline connection to the existing Incukalns
Currently two projects are competing for underground gas storage facility. Established
approval: an LNG terminal in Latvia could be in 2016, Skulte LNG Terminal is developing a
developed by either JSC Skulte LNG Terminal LNG import terminal project in the Skulte Port
or SIA Kundziņsalas dienvidu projekts. Now area with a direct pipeline connection to the
Indriksone says that possibilities are currently Incukalns underground gas storage facility. The
being evaluated and it is not inconceivable that company’s shareholders are the National Gas
both projects could actually be implemented. Terminal Society and Peter A. Ragauss, an entre-
“We are continuing work on our national preneur with experience in the energy sector in
terminal, the work is currently being evaluated the US market.
at the expert level for all risks – strategically In order to ensure future natural gas sup-
important issues, in order to evaluate which of plies, the Latvian government has previously
the proposed terminals could be the most advan- instructed the Ministry of Economy to negoti-
tageous both economically and in terms of the ate with Estonia regarding the use of the future
implementation schedule and, of course, also in Paldiski liquefied natural gas terminal, but in
terms of safety questions, which are evaluated for the longer term Latvia plans to create its own
projects,” the minister said. terminal, one or two. Lithuania is currently the
As reported by bne IntelliNews, Latvian only one of the Baltic states with its own LNG
domestic fuel trader and local energy com- terminal.™
pany AS Virsi-A (Virsi) announced on May 20
it has signed an agreement with AS Skulte LNG

P12 www. NEWSBASE .com Week 30 29•July•2022