Responsible and transparent governance

KN Energies group structure

Lithuania Lithuania
Darius Šilenskis
Chief Executive Officer

KN Energies, SC

A state-owned international energy terminal operator ensuring safe and reliable flows of liquid energy products and liquefied natural gas (LNG) for consumers across the Baltic Sea region, while supporting clients worldwide with the knowledge and capabilities needed to develop sustainable energy infrastructure projects.

72.47%
Ministry of Energy of the Republic of Lithuania
27.53%
Other shareholders
Lithuania Lithuania
Linas Klida
Manager

KN Global Terminals, UAB

International LNG terminal operations & maintenance development, LNG transportation, and related activities.

100%
owned by AB “KN Energies”
Lithuania Lithuania
Mindaugas Navikas
Manager

SGD SPB, UAB

Expansion of international LNG terminal operations services, including investments and the establishment of project companies in Lithuania and abroad.

100%
owned by UAB “KN Global Terminals”
Brazil Brazil
Carlos Ernani Campello
Manager

KN Açu Servicos de Terminal de GNL LTDA (KN Açu) 

LNG terminal operation and maintenance services.

90%
owned by UAB “KN Global”
10%
owned by UAB “SGD SPB”
Germangy Germangy
Heiko Schiemann
Manager

KN Energies Deutschland GmbH

LNG terminal operation and maintenance services.

100%
owned by UAB “KN Global Terminals”
Lithuania Lithuania
Mindaugas Navikas
Manager

KN New Energy Solutions, UAB

Development, implementation, and management of new energy source and CO₂ transportation, short-term storage, and transfer infrastructure projects in Lithuania and abroad, including investment activities.

100%
owned by AB “KN Energies”

Governance principles

Organisational structure Organisational structure

Transparent and responsible governance culture

The company’s operations are built on high governance standards that align with the guidelines for state-owned enterprises and international best practice, ensuring effective decision-making, a clear system of accountability, sustainable financial returns for shareholders, and strong public trust.

Clear governance bodies

Decisions are made by the General Meeting of Shareholders, the Supervisory Board, the Board, and the Chief Executive Officer. To ensure the effective execution of the Supervisory Board’s functions and responsibilities, KN establishes dedicated committees.

Formation of the Board

Together with the Chair, the Company’s Board consists of 5 members elected and dismissed by the Supervisory Board for a 4-year term, of whom no fewer than 3 must be independent. For the purpose of selecting Board members, the Supervisory Board may establish a specialised selection committee. The formation, term, working procedures, and decision-making of the Board are regulated by Section VI of the Company’s Articles of Association.

Independent Board Member

A person is considered independent if they have no business, family, partnership, or comparable ties with the Company, its controlling shareholder, or members of its governing bodies, and if for at least one year prior to their appointment they had no business relationship with the Company — neither directly nor as a shareholder or manager of an entity engaged in such a relationship. They must also meet the criteria set out in the Law on Companies of the Republic of Lithuania, Government Resolution No. 631 of 17 June 2015, and the Corporate Governance Code for the companies listed on AB Nasdaq Vilnius.

Executive team

The Company’s management consists of the Chief Executive Officer and eight Directors overseeing the following areas: Business Development, Terminal Operations, Commerce, Finance, Digitalisation, Corporate Governance, Business Resilience, and Human Resources.

Darius Šilenskis

Chief Executive Officer

Linas Kilda

Chief Business Development Officer

Mindaugas Navikas

Chief Commercial Officer

Dainius Čiuta

Chief Operations Officer

Tomas Tumėnas

Chief Financial Officer

Martynas Žiedas

Chief Digital Officer

Jurgita Šilinskaitė-Venslovienė

Chief Corporate Affairs Officer

Irina Kabulova

Chief People Officer

Rimgailė Požarickė

Chief Resilience Officer

Articles of Association

The Articles of Association of AB KN Energies are the key document governing the Company’s activities. They define its legal form, operational objectives, governance structure, shareholder rights, and the procedures for adopting major decisions. The Articles specify how the Company operates, the principles guiding its decisions, and the powers granted to shareholders and governing bodies.

The updated version of the Articles of Association was registered in the Register of Legal Entities on 10 January 2024, following the Company’s name change from AB ‘Klaipėdos nafta’ to AB ‘KN Energies’.

Download the Articles of Association Download the Articles of Association
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