Klaipeda oil terminal records a jump in crude oil handling
2020-07-23
Company news
At the beginning of August, Klaipeda oil terminal operated by KN (AB Klaipedos Nafta) is expecting to receive the tanker UMLMA, which will deliver the second crude oil cargo from US to Belarus. The tanker will bring approximately 75 thousand tons of crude oil and it will be the 9th crude oil tanker for Belarus received in KN’s terminal this year.
The tanker UMLMA will visit Klaipeda oil terminal for the first time. A tanker arriving from the US Port Neches (Beaumont) in Texas, built in 2006 sailing under Qatar flag, should reach Klaipeda port between 6-8th August.
Crude oil will reach the Belarusian refinery from Klaipeda port by rail.
KN, according to the long-term contract signed in 2016 with the Belarusian Oil Company (BNK), ensures the transit of oil products and crude oil through the KN’s Klaipeda oil terminal. This agreement, which was renewed last year, is valid until the end of 2021.
"Our cooperation with BNK lasts for more than a decade: KN is part of the supply chain to ensure the export of oil products and this year – the supply of alternative crude oil to Belarusian refineries. This year, as many as 64 percent oil imported by BNK from the maritime market travels to Belarus through a terminal operated by KN. In this way, KN contributes to Belarus' aspiration to diversify oil supply sources – this year Belarusians are importing the second oil cargo from the US via Klaipeda. Over the last few years, our company has been consistently investing in the development and improvement of infrastructure to meet the changing needs of customers and the market. We have been able to accept various types of crude oil since 2019 and at the same time not to limit our customers' opportunities to continue exporting oil products”, – comments Darius Šilenskis, CEO of KN.
During the first half of this year, approximately 669 thousand tons of crude oil (8 tankers) were handled in KN’s Klaipeda oil terminal, while in 2019 – about 100 thousand t (two tankers) were handled during a whole year.
According to the head of KN, the 9th crude oil import tanker this year allows to assume that this service becomes relevant to customers and its continuity is likely in the long run.
The first cargo for Belarus with 77 thousand t of crude oil originating from the US was delivered to KN in May.
Exactly 11 years ago, on 27 October 2014, the liquefied natural gas (LNG) floating storage and regasification unit (FSRU) Independence reached the Port of Klaipėda. Lithuania’s liberation from the grip of a monopolist became not only an inspiration for the Baltic region but also ensured energy security and the right for consumers...
As part of the shore electricity connection project to the Klaipėda LNG terminal implemented by the international energy terminal operator KN Energies, the first works have begun. The company executing the project, Kauno tiltai, has started cleaning a pipe installed using the horizontal directional drilling (HDD) method and carrying out...
KN Energies, with the aim of promoting the optimization of renewable energy infrastructure and the efficient use of energy resources, submitted an application to the Lithuanian Energy Agency and secured funding for the implementation of a project under Call No. 03-009-J-0001-J06 “Investment Support for Individual Electricity Storage Devices.” The funding...