News and insights
KN will cooperate with strategic partners to develop small-scale LNG market
On Friday, oil and LNG terminal operator KN entered into a strategic partnership agreement with Polish Oil and Gas Company PGNiG, for which LNG reloading station capacity has been reserved for five years. PGNiG will start commercial operation of the LNG reloading station from April 2020. KN invited global…
The notice of KN regarding auction of oil products in bulk
Klaipedos nafta, AB, (hereinafter – the Seller) hereby informs about the announcement of sales auction (hereinafter – the Auction) of fuel oil surplus, KN code 27101968 (hereinafter – the Product). The Auction shall be performed in accordance with the Rules of auctioning of the oil products in bulk of Klaipėdos…
Tariffs for LNG services provided by KN were approved for 2020
The National Energy Regulatory Council (NERC) has approved new tariffs for LNG services provided by KN for 2020, which allow to reduce the security component for consumers. Based on the new re-gasification price of 0.35 €/MWh set for 2020, the company plans to collect more revenue directly from the terminal…
Darius Šilenskis appointed as KN CEO
The Board of KN (AB “Klaipėdos nafta”), the Oil and LNG Terminal Operator, appointed Darius Šilenskis as the new CEO of the Company. Until now, D. Šilenskis held the position of director of KN Oil business. “KN has prepared new business strategy, which establishes number of ambitious goals for the…
The Board of KN adopted principle decisions on securing long-term LNG import
The Board of KN (AB „Klaipėdos nafta“), the Oil and LNG Terminal Operator, adopted decisions to secure long-term LNG import to Lithuania by acquiring liquefied natural gas (LNG) storage unit “Independence” or another floating liquefied natural gas storage unit (FSRU) by the end of 2024. A decision has also been…
Elenger became the fifth user of Klaipėda LNG terminal
Estonian energy company Elenger became the fifth user of the Klaipėda LNG Terminal, which had a record volume of operations this year. It is planned that the first LNG cargo ordered by Elenger will reach Klaipėda in the second half of November. This is the third new LNG terminal user…
KN results for 9 months of 2019: stable revenues and record LNG terminal activity
Oil and LNG Terminal Operator AB Klaipėdos nafta (KN) sales revenue for the three quarters of 2019 was EUR 77.2 million which was EUR 1.4 million higher than a year ago. In January-September 2019, the company's adjusted net profit was EUR 7.4 million (in 2018, it was EUR 11.4 million)….
THE NOTICE OF AB „KLAIPEDOS NAFTA“ REGARDING AUCTION OF FUEL OIL SURPLUS
Klaipedos nafta, AB, (hereinafter – the Seller) hereby informs about the announcement of sales auction (hereinafter – the Auction) of fuel oil surplus, KN code 27101968 (hereinafter – the Product). The Auction shall be performed in accordance with the Rules of auctioning of the oil products in bulk of Klaipėdos…
KN is engaged in the negotiations regarding the operation of the LNG terminal in Brazil
KN (AB “Klaipėdos Nafta”) is negotiating with UTE GNA I Geração de Energia S.A. (GNA) for the provision of operations and maintenance services in connection with GNA’S LNG Terminal, located in Porto do Açu (state of Rio de Janeiro), one of the main port complexes in Brazil, which offers a…
The project coordinated by KN was awarded an important environmental award
On Monday, Blue Baltics project, coordinated by KN (AB Klaipėdos Nafta), was awarded the prestigious award Energy Globe Award Lithuania 2019 for its positive impact on the environment. Blue Baltics project is the foundation for the creation of the liquefied natural gas (LNG) value chain and the promotion of the…
THE ENVIRONMENT REMAINS THE FOCUS OF KN
Commitment to implement sustainable operations and to continue investments in environmental protection remains the focus of KN (AB Klaipėdos Nafta). The company managed to receive the aid of EUR 200 000 for the installation of an air pollutant treatment plant at the Terminal of Klaipėdos Nafta. These funds will be…
KN HAS SUCCESSFULLY EXTENDED ITS COOPERATION WITH PARTNERS IN BELARUS
KN has extended its long-standing cooperation with BNK (UK) Limited, a subsidiary of the largest Belarusian oil exporter – ZAT Belaruskaja nonftenaya kampanija. The agreement, which has been in force since 2016, has been extended for two years until December 31, 2021, with the possibility of further extension by…
