Litgas revises LNG supply deal with Statoil

摘要

Lithuanian state gas firm Litgas has signed a revised sales and purchase agreement (SPA) with Statoil for LNG deliveries to Lithuania’s 2 mtpa Klaipeda floating storage and regasification unit, according to government reports. Negotiations over a revised SPA reportedly began last year, with the government citing falling global oil and gas prices as a motive for renegotiating LNG supply contracts with Statoil.