December, 2016 Skangas signed an agreement with Statoil, the Norwegian oil and gas company, for a small-scale LNG reload to take place at the Klaipeda LNG Terminal in Lithuania. The reload will take place early January 2017. This will be the first reload conducted at the terminal and it is the first time Skangas source LNG from Statoil.

Skangas eyes this a natural next step to further increase the support for the development of the small-scale market in Northern Europe. Adding this Terminal increases possibilities and competition, which also gives security of supply and all parties’ better opportunities.

Statoil and Skangas have already concluded other agreements as part of their business relationship including feed gas to the Skangas LNG plant in Risavika, Norway, as well as a bunker supply agreement to the platform supply vessels delivered from several bases in Norway including possible ship-to-ship transfer.

“We see this latest agreement as a confirmation of the two companies’ common interest to promote LNG in order to continuously develop the small-scale LNG market,” says Tor Morten Osmundsen, CEO of Skangas.

Skangas is a leader in the development of small-scale LNG market in Scandinavia. During the last years, the company have invested heavily in terminal infrastructure such as in Pori, Finland and in Lysekil, Sweden. During mid 2017, their new LNG feeder and bunker ship Coralius will be ready to serve an increasing customer portfolio.

LNG is the most environmentally friendly shipping fuel and meets the requirements set by the Sulphur Directive for shipping as well as the stricter future limits set for emissions such as NOx, particulates and CO2. Consequently, by using LNG Skangas’ customer is experiencing considerably less emission than when using other fossil fuels. Skangas is helping their customers to reach their energy goals.

About Skangas

The LNG Company Skangas is the leading player in the Nordic LNG market. The company supplies LNG for shipping, industrial and heavy-duty road transport needs. We help our customers reach their environmental and operational targets by offering efficient and stable LNG deliveries. Skangas has LNG terminals in Øra, Norway, and Lysekil, Sweden. Finland's first LNG import terminal will be completed in Pori in August 2016. Skangas is a subsidiary of the Finnish natural energy gas expert Gasum Ltd, and its shareholders are Gasum Ltd (51%) and the Norwegian Lyse Energi AS (49%).

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.