Gasum has secured LNG terminal capacity at the Klaipėda LNG terminal in Lithuania for the period 2033–2040 in a move the company says will support its ability to supply northwestern European markets with LNG and bio-LNG over the coming decade.

The Klaipėda terminal has formed part of Gasum's supply chain for some time. The company uses it primarily as a reloading point for its carrier and bunker vessels, and also to support natural gas operations in Finland and the Baltic countries.

"Klaipeda is well located regarding the company’s own LNG terminal network in Finland, Sweden, and Norway. Gasum will also utilize the capacity to serve its maritime customers directly in and around the Danish straits," the supplier said.

Anders Malm, Senior Vice President, Supply & Trading at Gasum, commented: "Securing capacity at Klaipėda supports Gasum's strategic long-term supply capability and gives us flexibility in optimising deliveries to our terminal network and maritime customers. It also underpins our commitment to being a dependable partner in the energy transition."

The capacity at Klaipėda can also be used for the virtual liquefaction of pipeline-fed biomethane into bio-LNG, through mass balancing and biomethane certificates. Gasum says this capability is set to become increasingly relevant, as a growing number of its customers seek to reduce the lifecycle emissions of their fuel beyond what LNG alone can offer.

Demand for LNG in the maritime sector is expected to grow as the number of LNG-powered vessels increases over the coming years.

Gasum is a Nordic energy company that supplies LNG, bio-LNG and other gas-based energy products to maritime, industrial, road transport and energy-sector customers.