News and insights
KN’s results boosted by transhipment volumes and focus on efficiency
In 2022, loading volumes at KN oil terminals increased by 17% compared to the 2021 result. The company’s liquefied natural gas (LNG) terminal in Klaipėda showed record results, with 96% more natural gas regasified in 2022 – 32 TWh in total – compared to the previous year. International LNG’s business…
Independent members of KN’s Audit Committee and Remuneration and Nomination Committee elected
By the decision of Supervisory Council of KN (AB Klaipėdos nafta), as of 22 of February, 2023, until the end of term of office of Company’s acting Supervisory Council, Šarūnas Radavičius was elected as an independent member of the Audit Committee of the Company. He will be joining current members…
KN to refocus long-term strategy through input from international experts
The operator of oil and liquefied natural gas (LNG) terminals KN (AB Klaipėdos Nafta) has selected international experts for consulting on the development of the company’s new long-term operational strategy. The tender for the consultants, launched by KN, has been awarded to the global consultancy firm Simon-Kucher & Partners. …
LNG terminal Spot cargo capacity for March 2023 allocation starts
AB Klaipėdos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipėda LNG Terminal Spot cargo Capacity Allocation are being accepted as of today. With this announcement the Operator is keen to allocate capacity of one Conventional size cargo scheduled on 10th/11th March 2023 with…
KN awarded Transparency Academy Certificate
In 2021-2022, AB Klaipėdos nafta (hereinafter – KN) participated in the Transparency Academy, an exchange project on good anti-corruption practices. The project was concluded at the Transparency Celebration held at the Presidential Palace of the Republic of Lithuania, during which the Director of the Special Investigation Service (STT) Žydrūnas Bartkus…
Maintenance works of the steam heat exchanger at the Klaipėda LNG terminal
Due to the maintenance works of the steam heat exchanger at the Klaipėda LNG terminal, regasification rate will be set to the nominal capacities until January 15th, 2023. Usually, as Lithuania completely halted imports of the natural gas from Russia since April 2022, Klaipėda LNG terminal has been operating exceeding…
Announcement of non-binding Open Season procedure for Klaipėda LNG terminal capacity expansion
AB Klaipedos nafta (hereinafter – KN) as the operator of Klaipeda LNG Terminal together with gas transmission system operator AB Amber Grid (hereinafter – Amber Grid) seek to evaluate possibilities to expand current Klaipeda LNG terminal regasification capacity as well capacity of gas transmission system in relevant entry and exit…
LNG terminal spot capacity for February 2023 allocation is starting
AB Klaipedos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipeda LNG Terminal Spot Capacity Allocation are accepted starting today. With this announcement the Operator is keen to allocate one Conventional cargo scheduled on 20th/21st February 2023 with fixed regasification schedule. The requests are…
Public consultation regarding amendment to the Regulations for use of the LNG terminal
KN, in accordance with the provisions set forth in the Rules on public consultation approved by the National Energy Regulatory Council (resolution No. O3-350, dated 28th of October 2011) is announcing a public consultation on the draft of the amendment of the Regulations for the Use of Liquefied Natural Gas…
KN participates in a project to produce hydrogen and convert it into synthetic methane
At the beginning of November, the international project “CarbonNeutralLNG” was launched in Nuremberg, Germany, with the participation of KN (Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals. The three-year project will aim for its participants to collaborate on the development of a hybrid process chain involving…
Robertas Vyšniauskas elected as a Chairman of Supervisory Council
The newly elected Supervisory Council of KN (AB Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals, on its first meeting on 08 November 2022 elected an independent Supervisory Council member Robertas Vyšniauskas to the position of a Chairman. Robertas Vyšniauskas is currently the General manager of…
The Supervisory Council of KN is approved
The Extraordinary General Meeting of Shareholders of KN (AB Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals, held on 20 October, approved by the majority of votes of the shareholders the following members of the company's Supervisory Council: Mantas Šukevičius, Robertas Vyšniauskas and Dovilė Kavaliauskienė. The…
