News and insights

On Monday morning, oil and liquefied natural gas (LNG) terminal operator KN (AB Klaipėdos Nafta) began a week of pre-planned repair and technical inspection work at the LNG terminal in Klaipėda. The scheduled work is being done shortly after the end of the 2018 gas year, during which 8,68 TWh…

The Board consists of 5 members, including the Chairman of the Board, with at least 3 members being independent. Members of the Board are elected for a period of 4 years and are recalled by the Supervisory Board. The candidate would be appointed as the member of the Board until…

The FSRU technology has a clear value proposition. An FSRU based import terminal project typically comes with a lower budget and shorter time-scale due to standardised vessels being built in shipyards with accumulated experience and know-how. Conversely, some project developers highlight the perceived trade-offs that are unique to the FSRU…

The Supervisory Board of AB Klaipedos Nafta, legal entity code 110648893, head office address: Burių g. 19, Klaipėda, (hereinafter referred to as the Company) announces the selection of candidates for one position of independent member of the Company’s Audit Committee under the Supervisory Board (hereinafter referred to as the Audit…

Laura Garbenčiūtė-Bakienė and Andrius Varanavičius, member of KN Supervisory Council, have been appointed independent members of the audit committee of KN (AB “Klaipėdos nafta”), oil and liquefied natural gas (LNG) terminal operator. KN Audit Committee operates as an advisory body of the Supervisory Council of the company in the fields…

The Governmental Commission on the Economic Infrastructure Development has offered to assure possibilities of long-term import of LNG in Lithuania by adopting current decisions regarding the acquisition of an LNG storage vessel in 2024. The commission believes that this is the most economic and strategically sustainable choice for Lithuania. It…

The first half of this year was financially successful for KN (AB „Klaipėdos nafta“) – the operator of oil products and liquefied natural gas (LNG) terminals. The preliminary data says that the company has earned EUR 52.4 million, and its net profit reached EUR 10.2 million – an increase of…

The Supervisory Board of Stock Company Klaipedos nafta, code 110648893, head office address: Burių g. 19, Klaipėda, (hereinafter referred to as the Company) announces the selection of candidates for independent Board members of the Company and invites you to join the team. The Board consists of 5 members, including the…

AB Klaipedos Nafta (hereinafter – the Company) hereby informs that after the closure of annual liquefied natural gas (hereinafter – LNG) terminal capacities allocation procedure and conclusion of respective agreements with LNG terminal users, the following LNG terminal capacities were allocated under below indicated conditions: UAB “LITGAS”: LNG regasification capacities: LNG…

On June 4, Jonas Lenkšas joined the team of KN (Klaipėdos Nafta AB), operator of oil and liquefied natural gas (LNG) terminal, taking over as Chief Financial Officer (CFO).   Lenkšas has work experience in the banking sector. Over the last ten years he also acquired an experience at the…

On Monday, May 28, the Supervisory Board of AB Klaipėdos nafta (hereinafter referred to as KN) elected Eimantas Kiudulas, General Director of Klaipėda Free Economic Zone (KFEZ) Management Company, to the position of the Chairman of the Supervisory Council of AB Klaipėdos nafta. Eimantas Kiudulas has been member of KN…

The Supervisory Board of Stock Company Klaipėdos nafta, code 110648893, head office address: Burių g. 19, Klaipėda, (hereinafter referred to as the Company) announces the selection of candidates for two positions of independent members of the Company’s Audit Committee under the Supervisory Board (hereinafter referred to as the Audit Committee)….