News and insights

The year 2019 at the liquefied natural gas (LNG) terminal in Klaipėda controlled by KN is highly efficient – during the first eight months of this year, a total of 10.2 TWh, or 70 percent more gas was regasified and reloaded than during the same period last year. In August,…

In September, the fourth user – Eesti Energia, an Estonian energy trader in the Baltic States, Finland, Sweden and Poland – will start using services of Klaipėda LNG Terminal, which is operated by KN, oil and liquefied natural gas (LNG) terminal operator based in Lithuania.   The contract with the…

Member of KN (AB “Klaipėdos nafta”) Supervisory Council Tomas Lukoševičius submitted to the Company a notification of his resignation from the Supervisory Council as of 3 September.   Tomas Lukoševičius, currently the Director of the International and Planning Division of the Ministry of Energy, was elected Member of the Supervisory…

In July, Klaipėda LNG terminal ensured reliable natural gas supply to consumers of Lithuania and neighbouring countries, when gas supply from Belarus was cut off due to planned gas pipeline repairs for three weeks in the neighbouring country. This and favourable situation on international gas markets determine highly intense and…

Together with the Klaipėda State Seaport Authority (KSSA), oil and liquefied natural gas (LNG) terminal operator KN has signed a tripartite agreement on reconstruction of KN berth No 1 with the winners of the public tender. The winners of the public tender, which was valued at EUR 22.5 million (excl….

The first half-year of 2019 was full of challenges often caused by circumstances beyond the company’s control. Despite these challenges, both KN Oil Terminal and the Liquefied Natural Gas Terminal in Klaipėda demonstrated high performance indicators, which make the first half-year of 2019 more efficient if compared to the first…

KN (AB Klaipėdos nafta) is partnering with the market leaders in the tender procedure for the design, construction and operation of the Cyprus LNG import terminal. If successful, KN will provide long-term operation and maintenance services for this terminal.   DEFA, The Natural Gas Public Company of Cyprus, announced an…

The new park of light oil products of KN, (AB “Klaipėdos nafta“), the operator of oil products and liquefied natural gas terminals, the test operation of which was launched in June, is already creating added value for the company. During the first summer month it accepted several oil products and…

 The favourable situation in the international gas markets has been determining the highest operative efficiency of the LNG terminal since the launch of its activities. The terminal capacities are now fully booked for the rest of the Gas Year. The Gas Year is calculated from 1 October of the current…

Due to the absence of quorum at a KN (AB „Klaipėdos nafta“) shareholder meeting held on Thursday, decisions regarding  the transfer of KN regulated activities to the subsidiary company UAB SGD Terminalas have not been adopted. The common goal to buy out the LNG storage vessel by distributing its maintenance…

In the beginning of this year, KN launched implementation of the digitalisation and innovation strategy developed by its in-house staff.  On Wednesday, continuing the digital transformation initiative, KN organised the first KN hackathon, in which KN employees developed a mobile app for recording operating incidents and risks. Over 40 KN…

By decision of the Board of AB Klaipedos Nafta (hereinafter – the Company), legal entity code 110648893, registered office address Burių str. 19, Klaipeda, a call for Chief Executive Officer of the Company is announced. After the selection procedures are performed, the Board of the Company will adopt a decision…