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Lithuania is declaring natural-gas Independence.
After less than three years and spending of 350 million litai ($128 million), an off-shore liquefied natural-gas vessel is anchoring on the former Soviet republic Baltic coast today and will convert LNG into natural gas and pump the commodity to the mainland.
The Baltic state now “can very seriously consider the option of not having any agreements with” Gazprom when the gas supply contract expires, Grybauskaite said.
If running at full-capacity of almost 4 billion cubic meters, the terminal could cover 80 percent of demand of the entire Baltic region, including Latvia and Estonia. The Independence would be able to cover 90 percent of Baltic needs “should our neighbors need this,”