Lithuania – Iran collaboration to include LNG and shale

Port of Klaipeda, Lithuania
Source: Wikipedia

A new partnerships is being formed between Iran and Lithuania. According to Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia, the Baltic country has expressed interest in investing in Iran’s Liquefied Natural Gas projects (LNG).

Heading a business delegation, the Lithuanian deputy energy minister arrived in Tehran on Friday last week to hold talks with senior Iranian officials on oil and gas cooperation. Apart from LNG – in which, in Mr Zamaninia’s words, “Lithuania has good experience” – the two countries discussed extending collaboration to shale oil and shale gas exploration.

Lithuania has been working hard to loosen its energy dependence on Russia. A newly-operational LNG import terminal in Klaipeda has given this Baltic country a much-needed “window onto the world”.

At the same time, international interest in Iran has been growing since all nuclear-related sanctions imposed on Iran were lifted on July 14, 2015. Iran is eager to regain it’s position as an exporting country – a stance that put an end to OPEC’s and Russia’s plans of freezing crude production back in April this year.

Image: Port of Klaipeda.

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