Summary
Once relying on pipeline gas from Russia, Lithuania has relied on Höegh Evi and the FSRU Independence since 2014 and gained energy independence, more affordable gas prices and supply for neighboring countries.
Challenge
Despite its status as a member of the European Union and NATO, Lithuania was reliant on Russian gas and paying the highest gas prices in Europe.
Solution
In 2014, Lithuania welcomed a new era of secure and diversified energy supply with the arrival of the Höegh FSRU Independence in Klaipeda. Almost immediately, the price of Russian gas dropped by 20%. Today Lithuania is proudly energy independent and the floating terminal has contributed to lower energy prices for Lithuanian industry and households, and benefits neighboring countries Latvia, Estonia and Poland.
Impact
7
million households’ electricty needs (equivalent in regas capacity)
4%
European countries receiving natural gas from FSRU
>400
successful deliveries of LNG
Other projects