Gasum has reserved LNG terminal capacity at the Klaipėda terminal in Lithuania for the period 2033–2040, strengthening its ability to supply Northwestern European markets with both liquefied natural gas (LNG) and liquefied biomethane (bio-LNG) over the coming decade.
The Finnish gas company has used the Klaipėda terminal as part of its supply chain for some time, primarily as a reloading point for its carrier and bunker vessels and to support gas operations in Finland and the Baltic countries.
Its location also makes it well-suited to serve Gasum's LNG terminal network across Finland, Sweden and Norway, as well as maritime customers operating in and around the Danish straits.
Anders Malm, senior vice president of supply and trading at Gasum, said the long-term reservation gives the company flexibility to optimise deliveries across its terminal network while reinforcing its position as a dependable partner in the energy transition.
Demand for LNG is expected to grow significantly in the maritime sector as the number of LNG-powered vessels increases and pressure mounts on the industry to adopt lower-emission fuels. Both the IMO and the EU have set greenhouse gas reduction targets for shipping, and freight customers are increasingly demanding cleaner transport solutions.
The Klaipėda capacity can also be used for virtual liquefaction of pipeline-fed biomethane into bio-LNG through mass balancing and biomethane certificates — a capability Gasum considers increasingly important as customers seek to reduce lifecycle emissions beyond what LNG alone can deliver.
Gasum secures long-term LNG capacity at Klaipėda terminal
