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.

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