News and insights
ORINTA BARKAUSKAITĖ STARTED TO MANAGE “KLAIPĖDOS NAFTA“ COMMUNICATIONS
On 5 March, Orinta Barkauskaitė started her duties as the head of communication of KN (AB “Klaipėda nafta”), the operator of oil products and liquefied natural gas (LNG) terminals. Orinta Barkauskaitė will be responsible for the company’s relations with the public and mass media, as well as for social responsibility projects….
FINAL CONFERENCE OF HEKLA PROJECT TOOK PLACE IN KLAIPEDA
Government officials, policymakers, representatives from leading regional and European organisations attended and contributed to the main topic – New Clean Energy Opportunities in the Baltic Sea Region. HEKLA project culminated in the deployment of small-scale onshore liquefied natural gas (LNG) reloading station. The LNG reloading station, developed and implemented by…
THE ECONOMIST: THE INDEPENDENCE HELPS BY BLUNTING RUSSIA’S ENERGY WEAPON
For some countries independence is about military might or economic heft. For Lithuania it means protection from the giant neighbour to the east. The Independence helps by blunting Russia’s energy weapon; LNG from friendly countries like Norway now covers around half of Lithuania’s gas imports. Below deck a cabinet groans…
“KLAIPĖDOS NAFTA” INCREASES CARGO TURNOVER AT THE OUTSET OF THE YEAR
Last year, KN, the oil and liquefied natural gas (LNG) terminal operator, achieved high income and profitability indicators, and is not losing momentum this year as well. In January, the company reloaded 776 thousand tonnes of oil products, a growth of 24.2% compared with the load of January 2017. Despite…
EFFICIENT OPERATION AND SUCCESSFULLY MANAGED RISKS DETERMINED KN HIGH ANNUAL RESULTS
KN (AB “Klaipėdos nafta”), the oil and liquefied natural gas (LNG) terminal operator, is proud of having overcome last year’s challenges and achieved high income and profitability indicators despite the tense and dynamic situation in the market. KN last year’s income amounted to EUR 106,5 million, and the company earned…
KN SUCCESSFULLY OVERCAME THE CHALLENGES OF 2017
In 2017, the operator of oil and liquefied natural gas (LNG) terminals KN (AB Klaipėdos Nafta) reloaded 7.177 million tonnes of oil products, with 12.646 million MWh of natural gas regasified and reloaded at the LNG terminal. The company faced challenges last year but managed to overcome them due to its…
KN TO SHARE GOOD GOVERNANCE PRACTICE
KN (AB „Klaipėdos nafta“), the operator of oil and liquefied natural gas (LNG) terminals has become a national corporate member of the Baltic Institute of Corporate Governance (BICG). The membership of this organisation is important for a company promoting and applying the principles of good governance. KN complies with high…
FDI MAGAZINE: KLAIPEDA GIVES LITHUANIA A GAS-POWERED INDEPENDENCE
The construction of a liquefied natural gas terminal at Klaipeda has enabled Lithuania to broaden its energy sources where once it had to rely on Russia. The resultant cut in costs has boosted the economy and benefited investors in the local free trade zone. For full text press here
ADDITIONAL LNG TERMINAL CAPACITIES BOOKED FOR THE CARGO FROM USA
KN (AB Klaipėdos nafta), the operator of oil and liquefied natural gas (LNG) terminals, allocated additional LNG terminal capacities to its current client UAB Lietuvos dujų tiekimas, which is planning to deliver the second LNG cargo from a US supplier. Before the end of the gas year, UAB Lietuvos dujų tiekimas…
FIRST SIX MONTHS OF KN OPERATIONS – PRODUCTIVE
Preliminary figures show that over the first half of this year, oil and liquefied natural gas (LNG) terminals operator KN (AB Klaipėdos Nafta) received EUR 52.4 million in revenue, loading 3.262 million tonnes of oil products and supplying 4.869 million MWh of gas. Oil product and LNG throughput has consistently increased…
GAS FROM LITHUANIAN LNG TERMINAL WILL BE STORED IN THE LATVIAN INČUKALNS STORAGE FACILITY FOR THE FIRST TIME
The liquefied natural gas (LNG) terminal in Klaipėda operated by KN is likely to accept LNG from the USA for the first time this summer and the user of the LNG terminal, UAB Lietuvos dujų tiekimas, plans to store part of the LNG to be acquired this summer in the…
THE BLUE BALTICS PROJECT EVALUATED IN EUROPE
The Blue Baltics project coordinated by KN (Klaipėdos Nafta, AB), an operator of oil and liquefied natural gas (LNG) terminals, has won an award in the Infrastructure category at the Baltic Sea Forum (BSF) Awards in Berlin. The project that forms a basis for the LNG value chain in the…
