Lithuania's Energy Independence: Hoegh Evi's FSRU Acquisition

In a significant stride towards energy independence, Lithuania has completed the acquisition of the Floating Storage and Regasification Unit (FSRU) Independence from Hoegh Evi. This strategic move is set to bolster Lithuania's energy security and self-sufficiency, as the FSRU has proven to be a critical asset in the country's pursuit of a diversified energy mix.

The FSRU Independence, commissioned in 2014, has played a pivotal role in Lithuania's energy landscape. Under Hoegh Evi's management, the vessel has supplied nearly 16 billion cubic meters of natural gas to Lithuania and surrounding countries, ensuring a reliable and stable energy supply. With a strong operational record, including close to 500 ship-to-ship operations and no safety incidents, the FSRU has become an integral part of Lithuania's energy infrastructure.

The acquisition of the FSRU Independence by KN Energies underscores Lithuania's long-term commitment to maintaining this critical asset. By owning the FSRU, Lithuania gains greater control over its energy supplies, reducing dependence on imports and enhancing regional energy security. The vessel's regasification capacity fully meets the country's gas needs, enabling Lithuania to import LNG from various global sources and diversify its energy mix.

As Lithuania takes ownership of the FSRU Independence, it also strengthens its strategic partnership with Hoegh Evi. Following the acquisition, Hoegh Evi will continue to provide technical and operational management of the vessel through Hoegh LNG Klaipeda. This partnership has already proven successful, with the Independence supplying natural gas and no safety incidents recorded. The extension of this cooperation for up to ten years ensures the vessel remains operational, reliable, and safe, supporting Lithuania's energy independence.



The acquisition of the FSRU Independence by KN Energies is a testament to Lithuania's commitment to energy independence and regional cooperation. By purchasing this critical asset, Lithuania reaffirms its determination to reduce reliance on Russian gas and strengthen its energy sovereignty. As the FSRU ensures a stable and diverse energy supply, it fosters regional cooperation and enhances energy security in the Baltic region.

As Lithuania takes this significant step towards energy independence, it is essential to consider the broader implications of the FSRU acquisition. The diversified energy mix enabled by the FSRU reduces Lithuania's vulnerability to geopolitical tensions and supply disruptions. Moreover, the strategic partnership with Hoegh Evi ensures a reliable and efficient technical operation of the vessel, supporting Lithuania's energy security and resilience.

In conclusion, Lithuania's acquisition of the FSRU Independence is a strategic move that enhances its energy independence and security. By owning the FSRU, Lithuania gains greater control over its energy supplies, reduces dependence on imports, and fosters regional cooperation. The continued partnership with Hoegh Evi ensures the vessel's reliability and safety, supporting Lithuania's pursuit of a diversified energy mix and a more sustainable future.