Wednesday, October 29, 2014

Lithuania declares energy independence from Russia

What do you do when you are a small, former Soviet Republic, trying to make it on your own but tied to Russia's gas monopoly? Lithuania has figured out a way to break this strangle-hold that Russia has used to freeze out Ukraine and threaten to do so to other former Eastern Bloc countries.
The floating natural gas terminal Independence arriving in Klaipeda, Lithuania, on Monday.CreditPetras Malukas/Agence France-Presse — Getty Images
This article explains how the Lithuanians have brought in a mobile factory for converting Norwegian Liquified Petroleum Gas to Natural Gas and parked it just off-shore. It may cost more than Russian gas but this independence comes at a price that the Baltic states are willing to pay.

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