News and insights
KN presents its long-term corporate strategy: towards sustainable energy on the road to energy transformation
Energy terminal operator KN (AB Klaipėdos nafta), now in its 64th year of operation, presents a new long-term corporate strategy for the period 2023–2050. With it, the company is embarking on an energy transformation journey aimed at adapting its operations to meet the needs of the future, to become climate-neutral…
KN and ORLEN Lietuva start diesel loading operations at Marijampolė Oil Terminal
The developer and operator of petrochemical and liquefied natural gas (LNG) terminals KN (AB Klaipėdos Nafta) and AB ORLEN Lietuva have entered into a collaborative agreement for diesel loading operations at KN's leased Marijampolė Oil Terminal, which infrastructure consists of 2 tanks with a total capacity of almost 7, 000…
From energy independence to green energy: the Baltic LNG & Gas Forum returns to Klaipėda
The second Baltic LNG and Gas Forum will take place in Klaipėda on 7-8 June. Representatives from the largest energy companies in the region and Europe, experts and decision-makers will gather in the Lithuanian port city to focus on energy security, cooperation, the future of energy and tackling climate change….
KN Group achieved a net profit of EUR 6.6 million in the first quarter of 2023
The KN Group experienced a profitable first quarter in 2023, driven by the high demand for its terminal services. In the period of January to March 2023, the KN Group generated a net profit of €6.6 million, compared to the €2.8 million loss incurred in the same period last year….
KN and SK E&S signed a Framework Agreement
A delegation from SK Group, one of the largest conglomerates in Republic of Korea, is visiting Lithuania on May 11-12th. During the visit, the developer and operator of petrochemical and liquefied natural gas (LNG) terminals KN (Klaipėdos Nafta AB) and SK E&S, which is responsible for energy sectors such as…
Scheduled maintenance will be carried out at Klaipėda LNG terminal
From 6 May at 3 a.m. to 9 May at 7 a.m., the Klaipėda Liquefied Natural Gas (LNG) Terminal will be temporarily suspended due to scheduled annual maintenance works. During this period, Lithuania will be supplied with natural gas via pipelines from other EU countries. During the planned maintenance…
Klaipėda LNG terminal two spot cargoes capacities for August 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 5th of May, 2023 from 13:00 EET. With this announcement the Operator is keen to allocate capacities, which each cargo corresponds of…
Regarding the binding phase of the Open Season of Klaipėda LNG Terminal Capacity Expansion project
AB Klaipedos nafta (hereinafter – KN) as the operator of Klaipeda LNG Terminal together with gas transmission system operator AB Amber Grid (hereinafter – Amber Grid) has decided to start preparing documents for the binding phase of Open season procedure concerning expansion of the Klaipeda LNG terminal regasification capacity as well…
LNG terminal spot cargo capacity for July 2023 allocation starts
AB 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 18th April 2023 from 13:00 EET. With this announcement the Operator is keen to allocate capacity of one Conventional size cargo scheduled…
Klaipeda LNG Terminal secondary market transactions will be available on GSA Platform
Since 28 February 2023, pursuant to the provisions of Council Regulation (EU) 2022/2576 of 19 December 2022 enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders, the LNG facility operator should be able to make use secondary booking platform. In accordance, we…
KN Subačius Oil Terminal to receive electricity from solar power plant
A 300 kW solar power plant has been commissioned at the Subačius Oil Terminal operated by KN (AB Klaipėdos nafta). The electricity produced by the plant will meet 100% of the electricity demand of the oil terminal operating in the Kupiškis District. The KN’s investment in this project amounts to…
Information of planned launch of LNG Terminal Spot cargo capacity for June 2023 allocation procedure
Klaipeda LNG Terminal Operator (hereinafter – “Company”) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal spot cargo capacity on the 29th of March 2023. Taking into account the provisions of the approved Regulations, the Company informs about the planned announcement of…
