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Monday 24.11.2014 | Name days: Velta, Velda
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Riga deemed as the most suitable place for LNG construction

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RURiga has been recognized as the most suitable place for the construction of liquefied natural gas terminal (LNG), the Economy Minister Artis Kampars announced today, July 8, at a press conference.

Experst believe that in terms of the available infrastructure, lower costs and project schedule, Latvia and Riga is the most geographically and economically-suitable place for a terminal location, indicates the Economy Ministry’s statement.

Previously, the consortium of British companies GL Noble Denton and Energy Contract Company looked at the possibilities to build a regional LNG terminal in the Baltic States, analyzing in the Baltic region context the compliancy of 22 possible terminal locations in Liepaja, Ventspils, Riga, Lilaste and the Gulf of Riga with the set of criteria.

Experts concluded that only one LNG terminal in the Baltic region is economically-viable. The implementing of LNG project by 2016 will eliminate the natural gas supply price political risks, ensuring a competitive natural gas price for the industrial sector. The Baltic States’ dependence on one gas supplier will initially decrease at least 25%.

The Economy Minister Artis Kampars is going to sent a letter to his Lithuanian and Estonian counterparts, calling for the organization of a trilateral meeting this summer to reach a political agreement on further coordinated action, in order to attain common goals.


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  1. Mavrick says:

    So true. Hoestny and everything recognized.

    Thumb up 0 Thumb down 0

  2. Mateo says:

    Well said, Baltic needs only one terminal, which is currently being built in Poland.

    Thumb up 0 Thumb down 0

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