News and insights

On 18 December, the Seimas adopted amendments to laws on the long-term operational prospects of the Klaipėda Liquefied Natural Gas (LNG) Terminal. What value will Lithuania receive by buying out the LNG floating storage regasification unit (FSRU) when the lease agreement ends for the ship in 2024?   Learn about…

On 2 January, the Supervisory Board of the liquefied natural gas (LNG) and oil operator KN (AB Klaipėdos nafta) appointed the fifth member of the Board – a British with a longstanding experience in the global gas and oil business Ian Bradshaw.   Mr. Bradshaw is a professional who has…

Arūnas Molis today joins the team of KN, the operator of liquefied natural gas (LNG) and oil terminals, in the position of Director of Klaipėda LNG. Mr. Molis competed with almost 40 candidates in the selection announced by KN.   “The state, being the main shareholder of KN, sets very ambitious…

The Seimas of the Republic of Lithuania decision on the assurance of the long-term import of the liquefied natural gas to Lithuania is the beginning of the new stage in the history of the national energy, which opens new opportunities for the regional leadership. KN (AB “Klaipėda nafta”), the operator…

KN (AB “Klaipėdos nafta”) – the operator of oil products and liquefied natural gas (LNG), terminals is further enhancing its attention to the international LNG activities. This week, KN CEO Mindaugas Jusius was visiting the United States of America, where he had meetings with major companies in the LNG sector…

Žana Kraučenkienė, a widely experienced risk manager, has joined the Audit Committee of KN (AB “Klaipėdos nafta”), an oil and liquefied natural gas (LNG) terminal operator. KN Audit Committee operates as an advisory body of the Supervisory Council of the company in the fields of internal control and operational risks…

Oil and liquefied natural gas (LNG) terminal operator KN (AB Klaipėdos Nafta) will be focusing more on international LNG activities and initiating related changes in its organisational structure. As of 1 December, the company’s LNG Business Service is being replaced by the LNG Business Development Service and the Klaipėda LNG…

Benefits brought by the liquefied natural gas (LNG) terminal, which in four years managed to save Lithuanian population's incomes by EUR 103 million due to lower gas prices, were already noticed by many residents of the country, especially when gas prices in Lithuania are among the lowest in Europe at…

The authorised capital of KN (AB “Klaipėda nafta”), the operator of oil products and liquefied natural gas (LNG) terminals, will be increased through the additional issue of new registered shares. The authorised capital will be increased because of the transfer of ownership of the sports hall at Burių g. in…

Students of the twelfth grade of Siesikai Gymnasium visited the vessel, the length of which is equal to 3 football grounds, and to feed the containers of which with water 39 Olympic pools are required. This vessel is the liquefied natural gas (LNG) terminal Independence. High school students received a…

On October 17th , 2018, the world’s largest LNG bunker supply vessel “Kairos” has started its voyage from the shipyard in South Korea to the ship’s primary area of operation in Northwest Europe. The ship, with an LNG capacity of 7,500 m³, will be ready for operations before the end…

KN (AB “Klaipėdos nafta”) – the operator of oil products and liquefied natural gas (LNG) terminals, will be the first state-owned company to part of rewards to its employees via the shares of the company. This change in the company’s employee motivation policy must also be approved by the company’s…