Riga FSRU
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Riga FSRU is an LNG import terminal in Latvia with units that are cancelled (inferred 4 y) and shelved (inferred 2 y).
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Revived Project | Riga, Latvia[1] | 56.948889, 24.106389 (approximate) |
| Riga FSRU (base project) | Riga, Latvia[1] | 56.948889, 24.106389 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Revived Project | import[2] | shelved (inferred 2 y) | – | 3.6 mtpa | True | – |
| Riga FSRU (base project) | import[3] | cancelled (inferred 4 y) | 3.6 mtpa | 3.6 mtpa | True | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Revived Project | import[2] | – | – |
| Riga FSRU (base project) | import[3] | – | – |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Revived Project | import[2] | shelved (inferred 2 y) | 2022[2] | – | – | – | 2024 (shelved) |
| Riga FSRU (base project) | import[3] | cancelled (inferred 4 y) | 2011[3] | – | – | – | 2015 (cancelled) |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Revived Project | import[2] | shelved (inferred 2 y) | Latvenergo [100%][2] | Latvenergo [100.0%] | – |
| Riga FSRU (base project) | import[3] | cancelled (inferred 4 y) | Latvenergo [100%][2] | Latvenergo [100.0%] | – |
Background
Riga FSRU is a proposed liquefied natural gas (LNG) terminal in Latvia. In 2011, a study found that Riga's port would be the best place in the country to build an LNG terminal.[4][5]
In October 2015, Latvia and Lithuania agreed to work together to create a unified gas market. With Lithuania's Klaipeda LNG Terminal having been completed in 2014, it appears that Latvia will import gas via Lithuania, rather than build its own LNG terminal.[6][7]
As there have been no development updates since 2011, the project is presumed to be cancelled.
Project revived
In April 2022, Latvia's prime minister Krišjānis Kariņš said that the government had "conceptually agreed" to begin construction of an LNG import terminal, and both the Riga and Skulte LNG Terminal sites were under consideration with a decision expected to follow by the end of the month after discussions with potential investors. These developments were part of Latvian and wider Baltic region efforts to diversify gas supply sources following decisions to end the usage of Russian gas imports. Minister of Economics Jānis Vitenbergs also pointed out that his ministry's position continued to be that the LNG project should be implemented on commercial terms with limited state involvement, though he conceded that potential private investors were in favour of certain state guarantees such as subsidies to help cover the terminal's operational costs. Regarding concerns raised about the utility of a new Latvian LNG terminal when a floating terminal is already operational in Lithuania and a further floating terminal had entered construction in Estonia, the government continued to stress that a Latvian import facility could be the cheapest and most economical option in the medium-term for the Baltic region due to the proximity of the Inčukalns UGS facility.[8]
The Latvian government subsequently set the Economics ministry a deadline of May 31, 2022, to prepare a report on the potential location of the terminal. Jānis Vitenbergs said, "We will propose to the state the most optimal and cost-effective solution to ensure supplies of natural gas. From the perspective of the state it is important to ensure such projects are implemented with the lowest possible involvement from the state. Project implementation time is also a major issue."[9] It was also announced that, given the ongoing delays in Latvia's planning for an LNG terminal, the government had decided to participate in the Paldiski FSRU Terminal with Estonia and Finland. Latvia may take a 30% stake, requiring an investment of €30-40 million, in the project.[10]
As of July 2024, there have been no project updates in over two years, and the project is presumed to be shelved.
As of June 2026, there have been no project updates in over two years, and the project is presumed to be cancelled.
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 https://www.google.com/maps/place/56%C2%B056'56.0%22N+24%C2%B006'23.0%22E/@56.948889,24.1038141,608m/data=!3m2!1e3!4b1!4m4!3m3!8m2!3d56.948889!4d24.106389?entry=ttu&g_ep=EgoyMDI1MDYyOS4wIKXMDSoASAFQAw%3D%3D.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 https://bnn-news.com/ruling-coalition-conceptually-agree-to-build-a-liquefied-gas-terminal-in-latvia-233879.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 3.4 https://www.baltictimes.com/news/articles/29052/.
{{cite web}}: Missing or empty|title=(help) - ↑ Riga LNG Terminal, GIIGNL, accessed April 2017
- ↑ Riga deemed best for LNG terminal, Baltic Times, 13 July 2011.
- ↑ Latvia and Lithuania to work on developing a gas market, Reuters, 16 Oct. 2015.
- ↑ Opportunity for Lithuania's LNG terminal as Latvia opens up gas market, Delfi, 11 Feb. 2016.
- ↑ Ruling coalition conceptually agree to build a liquefied gas terminal in Latvia, Baltic News Network, Apr. 12, 2022
- ↑ Liquefied natural gas terminal idea progresses in Latvia, Baltic News Network, Apr. 20, 2022
- ↑ Latvia to initially join Paldiski LNG terminal, ERR New, Apr. 21, 2022
