LNG terminal planned for Skulte Port

The project consists of a Floating Regasification Unit (FRU) without LNG cold storage facility, connected with pipeline to Inčukalns UGS. Klaipedos Nafta-owned Klaipeda LNG terminal has provided LNG for the region since 2014, however, the FSRU lease term expires in 2024, Uldis Salmins, member of the management board for Skulte LNG Terminal, told GreenPort.

“Skulte LNG Terminal project has unique geographic, economic and technological advantages over any other LNG import terminal proposal of comparable capacity,” said Mr Salmins. “An expensive LNG cold storage facility is not needed (usually takes 70-80% of LNG import terminal building cost), and the direct pipeline connection to the Inčukalns UGS of 2.3 bcm capacity will be used instead.

“This makes Skulte LNG terminal the most economically advanced LNG entry point in the market of Baltics and Finland.”

Flexible provision

The terminal will have a capacity of up to 3 MTPA with a supply LNG carrier size: of 40,000m3 to 170,000m3.

Flexibility is provided by Inčukalns UGS, said Skulte LNG Terminal. LNG can be acquired extensively in favourable market conditions on spot market basis, and stored in the UGS for winter consumption, while the terminal can reduce operation in high price periods (wintertime).

Skulte LNG Terminal added that the total investment cost for building the Skulte LNG terminal is comparable with one year’s expenditure budget for Klaipeda LNG terminal.