Lithuania's Ignitis Signs Long-Term LNG Deal with EQT as U.S. Supplies 70% of Its LNG
Updated
Updated · Fox News · Sep 22
Lithuania's Ignitis Signs Long-Term LNG Deal with EQT as U.S. Supplies 70% of Its LNG
3 articles · Updated · Fox News · Sep 22
Summary
Ignitis signed a long-term LNG supply agreement with U.S.-based EQT in New York, extending Lithuania’s push to lock in non-Russian energy sources.
About 70% of Lithuania’s LNG already comes from the United States, President Gitanas Nausėda said, after the country began importing U.S. LNG in 2017.
Nausėda said the strategy reflects years of Moscow using energy dependence as political leverage and comes as Russia is expected to keep targeting Ukraine’s energy infrastructure this winter.
Lithuania is pairing energy diversification with stronger deterrence, spending 5.4% of GDP on defense and warning that a ceasefire in Ukraine could let Russia rebuild forces near the Baltics.