News and insights
LNG terminal tariffs approved for 2021
November 23rd Lithuanian National Energy Regulatory Council (NERC) has approved new tariffs for LNG services provided by KN for 2021. Reloading service tariffs are differentiated according to the sizes of LNG carriers and the LNG cargo that is delivered. A new price for regasification has also been set. As tariffs…
The European Commission approves state aid measures to secure long-term operation of Klaipėda LNG terminal
The European Commission (EC) has positively evaluated Lithuania’s goals to secure long-term competitive supply of liquefied natural gas (LNG) by purchasing and operating the LNG floating storage and regasification unit (FSRU) by the right of ownership after 2024 and has approved of granting state aid. According to this model, the…
International experts advising KN on the acquisition of the FSRU vessel have been selected
KN (AB "Klaipėdos Nafta"), the operator of oil and liquefied natural gas (LNG) terminals, after the announced international public procurement tenders selected the winners of commercial, legal and technical services, who will advise the company on the selection of the most economically and technologically advantageous FSRU and its operating model….
KN initiates a study for LNG terminal capacity allocation and pricing model
KN (AB Klaipėdos Nafta), with the help of external experts, plans to perform an evaluation of long-term capacity allocation alternatives and pricing for the LNG terminal. In the first stage, KN announces a public market consultation whereby it will pursue to obtain preliminary price indications for such a study from…
This year, KN increases its profitability
Although 2020 has been a year of business challenges, even in these circumstances, KN has achieved higher operating profitability than in previous periods. During the first 9 months of this year, the KN Group earned 9,7 million adjusted net profit and this is 7,8% higher than in the corresponding period…
New Gas Year: The importance of the Lithuanian LNG terminal is marked by the best results in history
Today, 1 October, the new gas year of the liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos nafta) begins, which is welcomed by the terminal with extremely high operating results: during the last year of natural gas (until 30 September), the largest amount of natural gas was regasified…
Announcement regarding the auction of oil products in bulk
Klaipedos nafta, AB, (hereinafter – the Seller) hereby informs about the announcement of sales auction (hereinafter – the Auction) of dark petroleum product, KN code 27101967 (hereinafter – DPP or the Product). The Auction shall be performed in accordance with the Rules of auctioning of the oil products in bulk…
Tender for Construction of a New KN Administrative Building in Klaipėda Announced
KN (AB Klaipėdos nafta) has announced the tender for the construction contractor of its new administrative building in Klaipėda this week. The winner of the contract work for the building located at Burių st., Melnragė is expected to be selected by the end of this year and will start construction…
Combined LNG services offered at the LNG reloading station in Klaipeda
The second LNG shipment for PGNiG, a partner oil and gas company in Poland, will arrive at the KN (SC Klaipėdos Nafta) Liquefied Natural Gas (LNG) reloading station at the port of Klaipėda tomorrow, August 26. Darius Šilenskis, the General Manager of KN, says that the LNG distribution reloading station…
Selection of independent supervisory board member begins
The Ministry of Energy of the Republic of Lithuania (hereinafter – the Ministry of Energy), legal entity code 302308327, address Gedimino av. 38, LT01104 Vilnius, implementing the rights and duties of shareholder of AB Klaipedos nafta, legal form public limited liability company, legal entity code 110648893, registered address Burių tr….
During the first half of the year KN focused on operational efficiency
Taking into account the upheaval caused by the coronavirus in the global and local market, during the first half of 2020 KN (AB Klaipėdos Nafta), the operator of oil and LNG terminals, mostly focused on efficient cost management and operational efficiency. Although the company managed to achieve the planned result…
Klaipeda oil terminal records a jump in crude oil handling
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…
