BAKU, Azerbaijan, June 12. On June 12,
Lithuania and Vietnam signed a Memorandum of Understanding (MoU)
aimed at strengthening cooperation in the energy sector, with a
particular focus on the development of liquefied natural gas (LNG)
infrastructure, Trend reports referring to the Ministry of Energy of
the Republic of Lithuania.

The agreement was formalized during the working visit of
Lithuania’s Minister of Energy, Žygimantas Vaičiūnas, to Hanoi.

The MoU outlines joint objectives, including the exchange of
knowledge, experience, and best practices in the development and
operation of floating LNG terminals, the broader LNG supply chain,
and the promotion of joint initiatives and economic cooperation in
the energy sector.

“Lithuania, with its strong LNG infrastructure operated by KN
Energies and its extensive experience, is ready to cooperate and
share knowledge with partners who are seeking to transition to
cleaner energy sources,” said Minister Vaičiūnas. “Vietnam is
looking for solutions to meet its growing energy needs, and LNG is
becoming the basis for mutually beneficial cooperation.”

As part of his visit, Minister Vaičiūnas also participated in
the Lithuanian-Vietnamese Business Forum in Hanoi, where he joined
a panel discussion on renewable energy and green transformation.
The forum emphasized the importance of energy diversification and
sustainability for both countries.

The minister is also scheduled to meet with Phan Thi Thang,
Vietnam’s Deputy Minister of Industry and Trade, along with
representatives from leading energy companies. Discussions will
center on expanding cooperation in energy security, LNG supply, and
infrastructure development.

The Minister is accompanied by Darius Šilenskis, CEO of KN
Energies AB, the operator of an international energy terminal in
Lithuania. The company is actively exploring opportunities in the
Vietnamese market to expand its presence in LNG terminal
management.

The visit marks a key step in Lithuania’s broader efforts to
build strategic partnerships in Asia and contribute to the global
transition toward cleaner and more secure energy systems.