Technological advances, declining LNG prices and lower chartering rates have boosted the use of floating storage and regasification units (FSRUs) across the globe. Lithuania has the distinction of being one of the first countries to commission an FSRU after the oil price slump began in mid-2014. LNG Business Review spoke to Tadas Matulionis, director of Klaipeda LNG terminal, about the key drivers behind the project’s development and what it means for Lithuania and the Baltic region.
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