News and insights
Selection of candidates for independent board members of KN is announced
KN Supervisory Board of AB “Klaipėdos nafta” (KN) announces selection of four candidates for independent members of the Management Board in these areas: Financial and risk management area. Strategic management, change and transformation area. Business development and international expansion area. The industry in which the Company operates area. Each Board…
Mindaugas Kvekšas was appointed Chief Financial Officer of KN
On August 16th, Mindaugas Kvekšas took over the position of Chief Financial Officer of KN, the operator of oil and liquefied natural gas (LNG) terminals. Mindaugas Kvekšas gained experience in the field of finance while working for ‘KPMG Baltics’ and 'AB Ignitis gamyba’. He also served as a member…
Unique marine loading equipment at Klaipėda Port
KN (‘AB Klaipėdos Nafta’), the operator of oil and liquefied natural gas (LNG) terminals, has started the installation of marine loading equipment (MLE) for loading oil products to and from tankers in the quay currently being reconstructed by Klaipėda State Seaport Authority. KN will start operating this quay later this…
KN calls a tender for the acquisition of the FSRU
KN (AB Klaipėdos nafta), operator of oil and liquefied natural gas (LNG) terminals, is implementing the project on ensuring the long-term operation of the LNG terminal in Lithuania and announces the public procurement of a FSRU (floating storage and regasification unit). Offers from potential suppliers will be compared to the…
Klaipėda LNG terminal will be used by an energy giant
KN (AB Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals, has completed the annual procedure of allocating LNG terminal capacity for the new gas year. Customers, including the Norwegian energy company Equinor ASA, will use the pre-ordered 8.9 TWh LNG terminal regasification capacity during the gas…
Klaipedos nafta, Larvik Shipping, and Mitsui O.S.K. Lines will carry out a feasibility study for liquefied CO2 and hydrogen project in Klaipeda, Lithuania
As global economies evolve their energy systems to tackle climate change challenges, a broad spectrum of solutions is under active evaluation. Carbon capture, utilisation and storage (CCUS) is a powerful technological enabler on the path towards sustainable energy future that is acknowledged in European Green Deal and widely seen as…
First cargo from Egypt to reach Lithuanian LNG terminal
The Klaipėda (Lithuania) liquefied natural gas (LNG) terminal, operated by KN (AB Klaipėdos Nafta) expects to receive LNG cargo from Egypt, the ‘Idku’ natural gas liquefaction plant to reach Klaipėda Seaport for the first time. The LNG carrier ‘LNG Fukurokuju’ is expected to deliver approx. 138,000 cubic metres of LNG….
Due to scheduled maintenance works, the operation of Klaipėda LNG terminal is temporarily suspended
As of today, April 23rd, 12 p.m. Lithuanian time until May 1st, 7 p.m., due to the planned maintenance and repair works of the equipment, the operation of the liquefied natural gas (LNG) terminal is temporarily suspended and the supply of natural gas to the natural gas transmission system will…
KN calls for capacity booking at Klaipėda LNG terminal
KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, is launching an annual procedure –Klaipėda LNG terminal capacity allocation for the new gas year, which starts on October 1st, 2021. ‘This gas year has been intense when it comes to the operation of the…
Lithuanian LNG terminal’s capacity allocation and tariffication study will be prepared by AFRY
KN (AB Klaipėdos Nafta), the operator of Lithuanian liquefied natural gas (LNG) terminal, and the Swedish company AFRY have signed an agreement on the long-term capacity allocation and pricing model study of the Lithuanian LNG terminal. The study shall provide the answer on the best long-term capacity allocation mechanism as…
KN announces a market consultation on the acquisition of the FSRU
The operator of liquefied natural gas (LNG) terminals KN (AB Klaipėdos Nafta) announces a consultation with market participants regarding the purchase of floating storage and regasification unit (FSRU) for Klaipėda LNG terminal. This consultation is part of the FSRU procurement process, which aims to familiarise market participants with the forthcoming…
KN proposes to pay shareholders dividends of 5 million euros
The operator of the oil and liquefied natural gas (LNG) terminals, KN, offers to pay dividends of EUR 5 million to shareholders (EUR 0.013 per share), i.e., 45 % of the adjusted net profit of the company. KN’s dividend policy stipulates that, on the proposal of the company’s management,…
