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Vilnius: CEE Small Scale LNG Forum
May 7, 2019 - May 8, 2019
Although in recent years SSLNG industry has demonstrated great potential, experts agree that it’s just gaining momentum and major gas industry companies are now developing and investing in new projects more and more.
SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues related to gas supply diversification. Poland and Lithuania are great examples of successfully implementing alternative solutions by operating LNG import terminals. Other countries, such as Latvia, Estonia, and Ukraine seem to be following their example to invest in LNG and diversify their natural gas supply. Therefore, in the CEE region LNG offers not only a clean fuel and power solution but also an opportunity to gain independence and leverage.
There are three major ways of SSLNG utilization: marine fuel or bunkering, transport fuel, and power generation. The use of SSLNG in all areas poses different challenges as well as offers opportunities. The maritime sector gets regulated heavier each year, and this presents an opportunity for SSLNG to be utilized to greater extents. When it comes to road transportation, LNG is a very attractive solution because of its accessibility and competitive price. Using LNG for power is beneficial for similar reasons – its availability in remote areas and economic and environmental benefits.
Thus, LNG can compete with petroleum fuels and help solve a variety of energy needs in CEE. There still remain numerous opportunities for taking full advantage of LNG.