News and insights
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…
Klaipėda LNG terminal two spot cargoes capacities for November and December 2023 allocation starts
AB Klaipėdos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for Klaipeda LNG Terminal two spot cargoes capacities allocation are being accepted as of 1st of September, 2023 from 13:00 EET. With this announcement the Operator is keen to allocate capacities, which each cargo corresponds of…
KN increased its revenue and net profit in the first half of 2023
The growing demand for liquid energy terminal services, high volumes of LNG terminal operations, and a breakthrough in international LNG projects have led to a robust financial performance for KN in the first half of 2023. During the period of January-June 2023, KN Group generated revenues of EUR 42,4 million,…
Klaipėda LNG terminal capacity allocated for 2024
After the energy terminal operator KN (AB Klaipėdos Nafta) has concluded annual Klaipėda LNG terminal capacity allocation procedure, the LNG terminal's 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year has been allocated to four customers from Lithuania and Estonia. In 2024, a total of about 34 TWh…
Announcement of the start of the allocation of the LNG terminal’s annual capacity for 2024
AB Klaipedos nafta (KN) as LNG Terminal Operator, in order to ensure efficient allocation of Terminal capacity and to grant market participants the right to acquire LNG Terminal capacity on an annual basis, announces this Invitation to participate in the 2024 Terminal Gas Year Capacity Allocation Procedure of the Klaipeda…
KN and bp to collaborate on trucked LNG project
Energy terminals developer and operator KN (Klaipėdos Nafta AB) expands its cooperation with global energy company bp. KN and bp Gas & Power Investments Limited signed a cooperation agreement on the development of a new LNG project in Latin America. KN, which has been successfully operating an LNG terminal in…
LNG terminal spot cargo capacity for October 2023 allocation starts
Klaipėdos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipeda LNG Terminal Spot cargo Capacity Allocation are being accepted as of 4th July 2023 from 13:00 EET. With this announcement the Operator is keen to allocate capacity of one Conventional size cargo scheduled on…
KN became commercial operator of another LNG terminal in Germany
The energy terminal operator KN (AB Klaipėdos nafta) continues its successful participation in numerous international LNG projects. The company is starting its commercial operation of the Elbehafen LNG terminal in Brunsbüttel, northern Germany. This marks KN's second involvement in a German LNG terminal, following its role as the commercial operator…
Information on the planned launch of LNG terminal annual LNG regasification capacity allocation procedure
Klaipėda LNG Terminal Operator (hereinafter – “Company”) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal annual LNG regasification capacity on the 6th of July 2023. Taking into account the provisions of the approved Regulations, the Company informs about the planned announcement…
Public consultation regarding amendment to the Regulations for use of the LNG terminal
KN, in accordance with the provisions set forth in the Rules on public consultation approved by the National Energy Regulatory Council (resolution No. O3-350, dated 28th of October 2011) is announcing a public consultation on the draft of the amendment of the Regulations for the Use of Liquefied Natural Gas…
A dry dock inspection of the FSRU “Independence” is planned next year
In 2024, before KN (AB “Klaipėdos nafta”) takes over the ownership of the floating storage regasification unit (FSRU) “Independence”, an inspection and repair of the vessel in the dry dock is planned. During it, the underwater section of the vessel will be inspected and repair work, which cannot be carried…
