Baltic Nation Seeks to Become LNG Hub in Pivot Away From Russia
- Latvia eyes own LNG terminal to complement storage capability
- New law prohibits importing Russian natural gas or LNG
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The Baltic coast looks set to get another liquefied natural gas terminal as Latvia steps up efforts to become a regional trading hub for the super-chilled fuel.
Only one LNG import terminal currently serves the Baltic states -- the Klaipeda facility in Lithuania -- while another is set to start up this winter in Finland, where flows from Russia were cut in May. But as the region pivots away from Russian supplies amid the Kremlin’s war in Ukraine, more terminals are needed.