en.Wedoany.com Reported - Gasum has secured long-term capacity reservations at the Klaipėda LNG terminal to support the supply of liquefied natural gas (LNG) and liquefied biomethane (bio-LNG) to the Northwest European market over the next decade.

The Klaipėda terminal has long been part of Gasum's supply chain. Gasum primarily uses it as a transit point for its own transport vessels and bunkering ships, while also supporting the company's natural gas operations in Finland and the Baltic states. The Klaipėda terminal is strategically positioned within Gasum's network of LNG terminals in Finland, Sweden, and Norway, and the company will also leverage this capacity to directly serve maritime customers in and around the Danish Straits.

Anders Malm, Senior Vice President of Supply and Trading at Gasum, stated that securing capacity at Klaipėda supports Gasum's strategic long-term supply capabilities, provides flexibility for optimizing the terminal network and deliveries to maritime customers, and reinforces the company's commitment to being a reliable partner in the energy transition.

Demand for LNG is expected to grow, particularly in the maritime market, as the number of LNG-powered vessels is set to increase significantly in the coming years. The maritime industry faces growing pressure to transition to lower-emission fuels. The International Maritime Organization (IMO) and the European Union have set targets to reduce greenhouse gas emissions, while customers are also demanding more sustainable transport options to meet their own emission reduction goals.

The capacity at Klaipėda can also be used to virtually liquefy pipeline-supplied biomethane into bio-LNG through mass balancing and biomethane certificates. Gasum views this as an important future capability, as more customers seek to further reduce the lifecycle emissions of their fuel beyond what LNG alone can offer.

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