Estonian gas terminal developers concerned over 2nd Klaipeda gas terminal
Companies seeking to make investments in the construction of an LNG terminal in Estonia’s largest cargo harbour evaluate that a state-subsidized terminal in the Lithuanian port of Klaipėda would distort the gas market in the region, but Estonian electricity and gas grid operator Elering disagrees.
Estonian public broadcaster ERR reports that Vopak is planning to erect a gas terminal in Muuga Harbor together with state port company Tallinna Sadam.
Head of Vopak E.O.S., Arnout Lugtmeijer, explained daily Postimees on Monday, October 30, that it is in Estonia’s interest to keep the transport prices of liquid natural gas low, whereas the comparatively small terminal in Klaipėda, which is under construction and is subsidised by the Lithuanian state, would make this much more expensive. CEO of Elering, Taavi Veskimägi, agrued in an interview with Postimees that Klaipėda was part of efforts to make the regional gas market very active and competitive and could not be considered as a state’s means to influencing the gas price.