News and insights
Customers of Klaipėda LNG Terminal actively take advantage of low gas prices
The ambitious LNG segment development plans set out in KN's strategy for 2030, approved last month, have a solid foundation: Klaipėda Liquefied Natural Gas (LNG) Terminal operated by KN continues to register record levels of intensive and efficient operations. The volumes of activity in February exceeds the rates of last…
NIB continues partnership with KN
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB Klaipėdos Nafta (KN) have signed a 25-year loan agreement to finance the purchase of a floating storage regasification unit (FSRU) for LNG operations. Currently, the FSRU used for LNG import to Lithuania is leased…
BREAKTHROUGH IN THE FIELD OF LNG BUNKERING: A VESSEL FILLED WITH LNG FOR THE FIRST TIME IN KLAIPĖDA PORT
On March 8, a liquefied natural gas (LNG) powered vessel was successfully bunkered for the first time in the port of Klaipėda. During this operation, the fuel tank of the cement carrier MV Greenland was filled with gas at the Malkos Bay Terminal. In the first LNG bunkering operation, as many as…
Digitization of KN: Paper is no longer used in the operation of Klaipėda LNG terminal
Paper has been completely relinquished in the operation of KN Klaipėda liquefied natural gas (LNG) terminal since February and the submission of reports required for the operation is carried out only in digital way. One of the goals of the Digitisation and Innovation Strategy launched by the KN in…
THE KN STRATEGY 2030 HAS BEEN APPROVED: BRIDGING ENERGY MARKETS
The supervisory board of KN, the oil and LNG terminal operator, has approved the company's corporate strategy until 2030. The main directions defined in the strategy are international LNG projects, strengthened competitiveness of oil terminals and development of Klaipėda as an LNG hub in the Baltic region. The slogan of…
KN WILL OPERATE GNA’s LNG IMPORT TERMINAL IN BRAZIL
KN has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu. KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed a respective…
CHALLENGING 2019 INCREASED FOCUS ON THE EFFICIENCY OF KN OPERATIONS
2019 provided plenty of challenges in the business environment, but encouraged KN to review its business processes and look for new ways to increase value of the services that it provides to its customers. According to unaudited financial statements, this generated 13.2 million euros or 14% higher adjusted net profit…
Maintenance of Klaipėda LNG terminal will cost even less
On the 30th of December the National Energy Regulatory Council (hereinafter – the NERC) has lowered a natural gas security component by 38.55%, effective from 01 January 2020. Lowering of the security component, when compared to the current security component, will save natural gas consumers 36.1 million euros per year….
NIB continues to finance LNG operations in Lithuania
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB „Klaipedos Nafta“ (KN) have signed a EUR 134.1 million loan agreement to optimize costs of LNG terminal. The 25-year maturity loan will be directed to finance the rent payable for the Floating Storage and Regasification Unit…
Operation of Klaipėda LNG terminal will benefit all residents of Lithuania
Under the operation of KN, the operator of oil and liquefied natural gas (LNG) terminals, volumes at Klaipėda LNG terminal improved significantly in November, potentially reducing Lithuanian gas prices. In the last month of autumn, the volume of gas re-gasified at LNG Terminal was one-fifth higher than the volume of…
KN will cooperate with strategic partners to develop small-scale LNG market
On Friday, oil and LNG terminal operator KN entered into a strategic partnership agreement with Polish Oil and Gas Company PGNiG, for which LNG reloading station capacity has been reserved for five years. PGNiG will start commercial operation of the LNG reloading station from April 2020. KN invited global…
The notice of KN regarding auction of oil products in bulk
Klaipedos nafta, AB, (hereinafter – the Seller) hereby informs about the announcement of sales auction (hereinafter – the Auction) of fuel oil surplus, KN code 27101968 (hereinafter – the Product). The Auction shall be performed in accordance with the Rules of auctioning of the oil products in bulk of Klaipėdos…
