Lithuania has extended an invitation to Petronas, Malaysia’s leading energy company, to participate in a bidding process for a contract to supply liquefied natural gas (LNG) to its terminal located in Klaipeda Port.
Evalda Gustas, the Minister of Economy for Lithuania, expressed the country’s interest in Petronas as a potential partner for this venture. Following a meeting with Petronas’ President Tan Sri Dato’ Shamsul Azhar Abbas, Gustas stated, “We have invited Petronas to take part in this tender. We see Petronas as a very serious possible partner.”
Gustas further elaborated that the tendering process is already underway and is slated for completion by the end of the year. Petronas is expected to make a decision on its participation in the bidding process within the next month.
In March of the previous year, Höegh LNG of Norway inked a firm ten-year time charter agreement with Klaipedos Nafta. This agreement entails the supply of a floating LNG storage and regasification unit (FSRU) to serve as an LNG import terminal in Lithuania.
