News and insights

The National Energy Regulatory Council (NERC) has approved new tariffs for LNG services provided by KN for 2020, which allow to reduce the security component for consumers. Based on the new re-gasification price of 0.35 €/MWh set for 2020, the company plans to collect more revenue directly from the terminal…

The Board of KN (AB “Klaipėdos nafta”), the Oil and LNG Terminal Operator, appointed Darius Šilenskis as the new CEO of the Company.  Until now, D. Šilenskis held the position of director of KN Oil business. “KN has prepared new business strategy, which establishes number of ambitious goals for the…

The Board of KN (AB „Klaipėdos nafta“), the Oil and LNG Terminal Operator, adopted decisions to secure long-term LNG import to Lithuania by acquiring liquefied natural gas (LNG) storage unit “Independence” or another floating liquefied natural gas storage unit (FSRU) by the end of 2024. A decision has also been…

Estonian energy company Elenger became the fifth user of the Klaipėda LNG Terminal, which had a record volume of operations this year. It is planned that the first LNG cargo ordered by Elenger will reach Klaipėda in the second half of November. This is the third new LNG terminal user…

Oil and LNG Terminal Operator AB Klaipėdos nafta (KN) sales revenue for the three quarters of 2019 was EUR 77.2 million which was EUR 1.4 million higher than a year ago. In January-September 2019, the company's adjusted net profit was EUR 7.4 million (in 2018, it was EUR 11.4 million)….

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…

KN (AB “Klaipėdos Nafta”) is negotiating with UTE GNA I Geração de Energia S.A. (GNA) for the provision of operations and maintenance services in connection with GNA’S LNG Terminal, located in Porto do Açu (state of Rio de Janeiro), one of the main port complexes in Brazil, which offers a…

On Monday, Blue Baltics project, coordinated by KN (AB Klaipėdos Nafta), was awarded the prestigious award Energy Globe Award Lithuania 2019 for its positive impact on the environment. Blue Baltics project is the foundation for the creation of the liquefied natural gas (LNG) value chain and the promotion of the…

Commitment to implement sustainable operations and to continue investments in environmental protection remains the focus of KN (AB Klaipėdos Nafta). The company managed to receive the aid of EUR 200 000 for the installation of an air pollutant treatment plant at the Terminal of Klaipėdos Nafta. These funds will be…

KN has extended its long-standing cooperation with BNK (UK) Limited, a subsidiary of the largest Belarusian oil exporter – ZAT Belaruskaja nonftenaya kampanija.   The agreement, which has been in force since 2016, has been extended for two years until December 31, 2021, with the possibility of further extension by…

The year 2019 at the liquefied natural gas (LNG) terminal in Klaipėda controlled by KN is highly efficient – during the first eight months of this year, a total of 10.2 TWh, or 70 percent more gas was regasified and reloaded than during the same period last year. In August,…

In September, the fourth user – Eesti Energia, an Estonian energy trader in the Baltic States, Finland, Sweden and Poland – will start using services of Klaipėda LNG Terminal, which is operated by KN, oil and liquefied natural gas (LNG) terminal operator based in Lithuania.   The contract with the…