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You were talking about investing into gas in the context of "zero-emission electricity". Are you seriously drawing equality to gas power plants and an LNG termi
by rmind 6y ago
You were talking about investing into gas in the context of "zero-emission electricity". Are you seriously drawing equality to gas power plants and an LNG terminal?
The purpose of the Lithuanian LNG terminal was diversification of the gas supplies, thus minimizing the dependence on the Russian gas. It was a very successful project, cutting the gas price significantly and forming an effective gas market i.e. allowing the country to buy gas for the global market price (whoever sells for cheapest). Lithuania did not build new gas power plants, though. Quite the opposite, the strategy in the last decade has been to increase the electricity supply from the renewable energy which resulted in building wind and solar plants.