Putin Hails Energy Security Boost From Russia’s First LNG FSRU

Russian President Vladimir Putin opened Russia’s first LNG floating storage and regasification unit (FSRU) on Jan. 8, saying it bolsters the country’s energy security.

The Marshal Vasilevskiy FSRU has been set up in Kaliningrad, wedged between European Union members Poland and Lithuania, by Russian energy giant Gazprom to bypass pipeline gas deliveries via Lithuania in case transit is disrupted.

Moscow’s decision to set up the FSRU was in part to reduce gas transit risks to Kaliningrad, home to a Baltic Fleet base, as the EU steps up efforts to reduce its dependency on Russia, a Kremlin-published transcript of Putin’s speech said.