Lithuanian company enters LNG distribution market

Lithuanian company enters LNG distribution market

From the autumn of the year 2018, Klaipėda-based Baltkonta will start to provide liquefied natural gas (LNG) transportation services.

Balkonta, part of the Limarko Group, the first logistics company in Lithuania to enter LNG distribution market, according to a statement by the Lithuanian LNG Cluster.

“Until now, we observed the situation when the companies operating in the energy sector were providing transportation services as well. But for sure there is a need for more logistics companies in the LNG market,” said CEO of Limarko Vytautas Lygnugaris.

According to the development manager of the Klaipėda Science and Technology Park Andrius Sutnikas, who also coordinates the activities of the Lithuanian LNG Cluster, the involvement of specialized companies in the LNG market is of a great value.

“LNG transportation is one of the main challenges striving for the faster development of LNG infrastructure in the Baltic Sea Region. The Klaipėda-based company, which is entering the new market, will make a significant contribution to the development of the LNG distribution chain in our country and beyond. Investment in this field proves a far-sighted approach,” he said.

Request for special gas tank trailer production has already been submitted to the manufacturer in Germany. At the initial stage, one transport facility will be purchased, following an investment of €400,000.

Share this article

Follow LNG World News


<< Jun 2018 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >