Under the $1bn contract, Statoil will supply 0.54 billion cubic metres (bcm) of gas from 2015, which is enough to meet about one-fifth of Lithonia’s total needs, reports Reuters.
Reuters cited Lithuania Prime Minister Algirdas Butkevicius as saying at a news conference: "For the first time in Lithuania’s history we will have an alternative source of natural gas supply.
"It’s a big step in boosting Lithuania’s energy security and creating a possibility to lower gas prices for consumers.
According to Lithuanian importer Litgas, about 900-1,000 litas ($346-$384) per 1,000 cubic meters will be paid by Lithuania for the Norwegian gas based on NBP prices for the last four months.
Statoil vice-president Geir Heitmann told journalists: "We think that demand for LNG in smaller quantities will increase in the region and that is the development that we would like to participate in."
