News and insights
KLAIPĖDA LNG TERMINAL RECEIVES THE 50TH CARGO
On May 25, the 50th LNG reloading operation is taking place at the liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos Nafta). The Klaipėda terminal, which has an operating history of three and a half years, is among the most efficient LNG terminals in Europe in terms of…
STUDENT INTERNSHIPS TO RESUME ON THE FSRU INDEPENDENCE
Oil and liquefied natural gas (LNG) terminal operator KN (AB Klaipėdos Nafta), Hoegh LNG Klaipėda, the Lithuanian Maritime Academy (LMA) and two selected students signed cooperation contracts today on carrying out technology internships on the FSRU Independence. The internships will begin on the 28th of May and will continue…
SUPERVISORY BOARD OF AB “KLAIPĖDOS NAFTA“ APPROVED
On April 27, the ordinary general shareholders meeting of KN (AB “Klaipėdos nafta”), the operator of oil and liquefied natural gas (LNG) terminals, approved the members of the Company’s Supervisory Board: Tomas Lukoševičius, Eimantas Kiudulas and Andrius Varanavičius. Candidates to the Supervisory Board were proposed by the major shareholder of…
THE PERFORMING QUARTER OF KLAIPĖDOS NAFTA IS ACCOMPANIED BY PRECAUTIOUS OPTIMISM
The loading volumes of oil products of KN (Klaipėdos nafta AB), operator of oil and liquefied natural gas (LNG) terminal, increased by 31 per cent in the first three months of this year. The company stays reserved about the positive trends of the first quarter: strong uncertainty remains on the…
ALLOCATION OF LNG TERMINAL CAPACITIES STARTED
KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, has started a yearly procedure, i.e. allocation of LNG terminal capacities for the new gas year which begins on 1 October 2018. Capacities are allocated in advance, before the end of the gas year, according to…
KN WILL HOLD AN INVESTOR CONFERENCE WEBINAR TO INTRODUCE UN AUDITED FINANCIAL RESULTS FOR THE FIRTS QUARTER OF 2018
KN invites shareholders, investors, analysts and other stakeholders to join its investor conference webinar scheduled on the April 27th of 2018 at 8.30 am (EET). The presentation will be held in English.The webinar will be hosted by Company’s General Manager Mindaugas Jusius who will introduce the performance and unaudited financial…
THE LNG TERMINAL WILL REMAIN THE MAIN TOOL FOR THE EXERTION OF PRESSURE ON GAS PRICES AFTER 2024
On 11 April, the experts from the international company Pöyry Management Consulting presented a study on securing long-term import of liquefied natural gas (LNG). The study examines the need for LNG supply after 2024 and presents a cost-benefit analysis of the most economically advantageous alternatives of securing such supply. The…
AB KLAIPĖDOS NAFTA SIGNED A LONG-TERM OIL PRODUCT LOADING AGREEMENT
KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, and K2 SAGL, a company registered in Switzerland, signed a long-term agreement regarding services related to the transfer of oil products at the KN oil terminal. According to the long-term agreement signed between the companies, K2…
KN AND THE US LNG SUPPLIER FREEPORT LNG SIGNED A MEMORANDUM OF UNDERSTANDING
On 3 April, KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, and Freeport LNG, the US liquefied natural gas (LNG) supplier and the operator of the future LNG terminal, signed a memorandum of understanding (MoU) in Washington related to further cooperation between them in…
BOARD OF AB KLAIPĖDOS NAFTA OFFERS TO SPEND 100 PERCENT OF PROFIT ON DIVIDENDS
The management board of KN (AB Klaipėdos Nafta), the oil and liquefied natural gas (LNG) terminal operator, offers to pay EUR 17 million in dividends to the company’s shareholders – 100% of the last year’s net profit, EUR 0.045 per share. This decision was made taking into account the fact…
ASSURANCE OF ENERGY INDEPENDENCE IN DRUSKININKAI
In October last year, KN (AB Klaipėdos nafta), oil and liquefied natural gas (LNG) terminal operator, launched the test operation of the LNG distribution facility – another object ensuring energy independence of Lithuania, through which the supplied natural gas reaches and totally supplies the municipality of Druskininkai. A LNG supply…
KN CARGO HANDLING VOLUMES: 21,5 PERCENT HIGHER THAN THE PREVIOUS YEAR
In February, Klaipėda and Subačius terminals of KN (AB Klaipėdos nafta), the oil and liquefied natural gas (LNG) terminal operator, reloaded 18.4% more cargo than in the last year’s February, and, as of the beginning of the year, the cargo turnover increased by 21.5%. In February this year, Klaipėdos Nafta…
