News and insights
Shareholders approved the legal entity name change of AB „Klaipėdos nafta“
At an Extraordinary General Meeting of Shareholders convened on November 30th, shareholders of AB Klaipėdos nafta approved an update to the company's Articles of Association. This update includes a new legal entity name for the company. As it enters a new phase of activities, Klaipėdos nafta (KN) will change its…
The European Commission granted PCI status to the CO2 value chain project developed by KN with partners
The European Commission (EC) has granted the status of Project of Common Interest (PCI) to the planned liquefied carbon dioxide (CO2) capture and transportation project in Lithuania and Latvia, planned by “Klaipėdos Nafta” (KN) and its partners. This means that the project is recognized as a cross-border project of great…
Full occupancy of the Klaipėda LNG terminal is ensured until 2033
“Klaipėdos Nafta” (KN), the operator of the Klaipėda LNG terminal, carried out a capacity allocation procedure that attracted the interest of the market, which showed a high demand for LNG terminal services – potential customers expressed their intention to purchase more than twice as much terminal capacity as offered by…
Over the first 9 months of 2023, the KN Group grew its revenues by 13%
Stable demand for its services in both domestic and international markets, along with the successful further diversification of portfolio of activities, contributed to the KN Group's successful 9-month performance. In the first three quarters of 2023, KN Group generated a net profit of EUR 5.5 million (compared to a EUR…
Klaipėdos nafta, implementing a new operational strategy, to change its name to KN Energies
As it enters a new phase of company activities, the company Klaipėdos nafta (KN) is changing its legal name to KN Energies. This new name reflects the goals established in the company’s long-term operational strategy, presented this year, to follow the path of sustainable energy by adapting to the worldwide…
Annoucement of planned launch of LNG terminal spot capacity allocation procedure for first half of 2024
Klaipėda LNG Terminal Operator (hereinafter – Company) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal SPOT LNG cargoes capacities for the first half of 2024. Taking into account the provisions of the approved Regulations, the Company informs about the planned announcement…
Scheduled maintenance works will be carried out at Klaipėda LNG terminal
Operations of Klaipėda liquefied natural gas (LNG) terminal will be temporarily suspended from 07:00 on 26 September to 07:00 on 30 September due to the scheduled annual equipment maintenance and repair works. During this period, Lithuania will be supplied with natural gas through the Lithuanian-Polish gas pipeline interconnector GIPL and…
Klaipėda hosts the European LNG terminal managers meeting
This week, Klaipėda hosts the international liquefied natural gas (LNG) terminal market event "European LNG Terminal Managers Meeting 2023". "Klaipėdos Nafta" (KN) was entrusted with the organisation of this year’s annual conference, which is held in a different country each year. Representatives from 13 countries participating in the event, which…
KN Commences Allocation of Klaipėda LNG terminal Capacities
Klaipėdos Nafta (KN), Klaipėda LNG Terminal Operator, will offer the market 9 TWh of the LNG terminal regasification capacities for the period from 2025 to 2032 (inclusive) and from 2033 onwards. Booking long-term regasification capacities ensures long-term occupancy of the LNG terminal and reduces its maintenance costs. The capacity allocation…
LNG terminal long-term capacity allocation for a years 2025-2032 and 2033-2044 is starting
AB Klaipedos nafta as LNG Terminal Operator (hereinafter – the Operator), in order to ensure efficient allocation of Terminal capacity and to grant market participants the right to acquire LNG Terminal capacity on a long-term basis, announces this Invitation to participate in the Klaipeda LNG Terminal Long-term Capacity Allocation Procedure,…
KN prepares to take over the Independence: the company selected technical operator for the vessel
The floating storage and regasification unit (FSRU) Independence of the Klaipėda liquefied natural gas (LNG) terminal, strategically important for the country, will become the property of Lithuania next year and will be flying Lithuanian tricolor. With the results of the public tender announced, once Klaipėdos nafta (KN) becomes owner of…
Information of planned launch of LNG Terminal Long-term capacity allocation procedure for a years 2025-2032 and 2033-2044
Klaipėda LNG Terminal Operator (hereinafter – Company) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal long-term LNG regasification capacities for a period of 2025-2032 and 2033-2044. Taking into account the provisions of the approved Regulations, the Company informs about the planned…
