Total to deliver spot LNG cargo to Lietuvos Energijos Tiekimas

Total to deliver spot LNG cargo to Lietuvos Energijos Tiekimas
Image courtesy of LTE

Lithuania’s gas and electricity supplier, Lietuvos Energijos Tiekimas (LET) has secured a spot LNG cargo from France’s Total.

LET said in a statement this marks Total’s entry into the circle of liquefied natural gas suppliers to Lithuania.

“Totalʼs LNG cargo will diversify LET’s gas portfolio and will enable it to offer its customers competitive prices and reliable supply,” Mantas Mikalajūnas, General Manager of LET, said.

Total’s cargo should reach Klaipeda at the beginning of the third quarter this year.

The companies do not specify the price of the transaction or provide any other commercial details.

Lietuvos Energijos Tiekimas has a long-term LNG supply agreement with the Norwegian company Equinor, it also buys gas in the LNG spot and short-term agreement market and it purchases gas delivered through pipelines and uses the Latvian Inčukalns underground gas storage facility.

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