News and insights

National Energy Regulatory Council (NERC)  has announced a public consultation regarding KN proposed amendment to the Regulations for use of the Liquefied Natural Gas Terminal. The main purpose is to ensure the possibility to reserve a part of Klaipėda LNG Terminal capacities for a longer that five year period. All…

Seeking full energy independence from Russian gas, in response to Russia's energy blackmail in Europe and the war in Ukraine, Lithuania has completely abandoned Russian gas: Lithuania's gas transmission system has been operating without Russian gas imports since the beginning of this month.   This is confirmed by the data…

Thursday, 31 March, the National Energy Regulatory Council (NERC) approved new tariffs for LNG Terminal maintenance in line with the cost-based pricing principles. The security component paid by natural gas consumers in Lithuania no longer includes the fixed component of KN price as a result of the introduction of a EUR…

National Energy Regulatory Council (NERC)  has announced a public consultation regarding KN proposed amendment to the Regulations for use of the Liquefied Natural Gas Terminal.   The Amendments determine an updated annual capacity allocation procedure and capacity allocation principles applied for Klaipeda LNG terminal capacity allocation for the fourth quarter…

The beginning of the year in Klaipėda Seaport was signified by completion of large-scale operations – Phase I reconstruction work of the first berth for handling of oil products. More than EUR 25 million have been invested in this project.   Phase I of the works involved construction of a…

Klaipėda LNG terminal customers have fully booked the LNG terminal's regasification capacity for this gas year, i.e. until 30 September, 2022. According to the latest customer requests, a total of 23,9 TWh of Klaipėda LNG terminal capacity has been allocated for the current gas year.   During the 2021 annual…

The operator of the Liquefied Natural Gas (LNG) terminal, KN, informed LNG terminal users that from 3rd of March acceptance of Novatek cargoes at the LNG terminal is suspended.   In KN’s view, Gennady Nikolayevich Timchenko, included in the EU sanctions list (EU Council Regulation 2022/336 implementing Regulation No. 269/2014),…

Shareholders of KN, the operator of oil and liquefied natural gas (LNG) terminals, approved a decision on the acquisition of the FSRU Independence at the end of its lease agreement and the terms for the acquisition, which are predetermined in the Time Charter Party. FSRU Independence has been leased since 2014…

Management Board of KN, the operator of oil and liquefied natural gas (LNG) terminals, has taken a decision on the acquisition of the FSRU Independence at the end of its lease agreement. In 2021, a market research initiated by KN and an international procurement procedure showed that the currently leased…

At the end of last year, oil and liquefied natural gas (LNG) terminal operator KN has successfully transhipped the first bulk bitumen from storage tanks to a tanker after commissioning of storage tanks for handling of a new product – bitumen. The principle of arranging the transhipment of bulk bitumen…

The Supervisory Council of KN, the operator of liquefied natural gas (LNG) and oil terminals, has selected the members of the Management Board (hereinafter – the Board) for the new four-year term of office. There will be four independent members in the Board of KN, who are professionals in the…

The Supervisory Council of KN, the operator of liquefied natural gas (LNG) and oil terminals, has elected Guy Mason as an independent member of the Board with effect on 1 December 2021.   Guy Mason is a highly experienced management professional who has held a number of senior management and…