Klaipedos Nafta News

Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import terminal, operator Klaipedos Nafta said on Friday.The Baltic state leases a floating storage and regasification vessel (FSRU) from Norway's Hoegh LNG and has an option to buy it when the lease expires in 2024.The state-controlled Klaipedos Nafta said it had decided to seek alternative bids to make sure that it gets the best terms, and has to make the final decision by the end of 2022.Lithuania has been importing LNG via the current terminal, dubbed Independence, since 2014, thereby ending Russia's Gazprom pipeline gas supply monopoly.The Lithuanian terminal is used to import gas also for its neighboring Baltic states, and a new gas link to neighb

Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 local specialists in 2020.KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed an operation and maintenance services agreement for the provision of the relevant services.Following the signing of the agreement, KN assumes the responsibility for the provision of safe, reliable and efficient operations…

The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB 'Klaipedos Nafta' (KN) have signed a EUR 134.1 million (USD 148 million) loan agreement to optimize costs of LNG terminal.The 25-year maturity loan will be directed to finance the rent payable for the Floating Storage and Regasification Unit (FSRU).“Through this loan agreement we are continuing to support Lithuania´s security of energy supply, a strategically important objective for our member country”, said Henrik Normann, NIB President & CEO.Currently, the FSRU used for LNG import to Lithuania is leased from the Norwegian Höegh LNG on a ten-year arrangement that expires in 2024.

Lithuania-based  oil and LNG terminal operator Klaipėdos nafta (KN) appointed Darius Silenskis as the new CEO. Until now, D. Silenskis held the position of director of KN Oil business.The selection procedure of the new CEO was carried out by Independent Board of KN in cooperation with international executive search companies applying the best corporate governance practices. 26 candidates applied for the position, said the operator of the Klaipėda Oil Terminal.D. Silenskis has been working for KN for the last five years. Until now he held the position of Director of KN Oil Business, before that – Director of the Commerce. Before KN, D. Silenskis worked at the different companies of oil concern PKN Orlen, where he held various leading positions.

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipedos Oil, KN) said on Wednesday it’s currently negotiating an operations and maintenance services agreement for a LNG terminal in Brazil with Brazils' Gas Natural Acu (GNA).Under such Agreement KN may commit to incorporate a company in Brazil (hereinafter – Brazilian  SPV) for the provision of such services.For that reason, KN may need to give a guarantee or guarantees to secure the fulfillment of obligations of the Brazilian SPV to GNA (or its legal successor) under the Agreement for the validity period of the Agreement (issuing a guarantee or guarantees for the…

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) is partnering with the market leaders in the tender procedure for the design, construction and operation of the Cyprus LNG import terminal.The operator of the Klaipėda Oil Terminal submitted the bid alongside consortium partners Samsung C&T, Posco E&C, Mitsui O.S.K. Lines (MOL) and Osaka Gas.If successful, KN will provide long-term operation and maintenance services for this terminal for a period of up to 20 years.DEFA, the Natural Gas Public Company of Cyprus, announced an international public call for tenders in October 2018.According to the published specifications…

Lithuania's liquefied natural gas (LNG)  terminal Klaipėdos Nafta (KN) said that its terminal capacities are now fully booked for the rest of the Gas Year, following the favorable situation in the international gas markets that has been determining the highest operative efficiency of the LNG terminal since the launch of its activities.The Gas Year is calculated from 1 October of the current year until 30 September of the following year.According to a press note from the operator of the Klaipėda Oil Terminal based in Klaipėda, Lithuania, in April, about 1.48 TWh of gas were regasified in the LNG terminal (28.3% more than the amount of gas regasified in the same period last year)…

AB Klaipedos nafta (KN), the operator of oil products and liquefied natural gas (LNG) terminals, and the German company Nauticor GmbH & Co. have agreed on the sale of KN’s 10% stake in the charter contract of Kairos, the world’s largest LNG bunker supply vessel to Nauticor.This leaves the world's biggest LNG bunkering vessel at Nauticor's disposal. The transfer shall become effective as of 30 September 2019, said a press release.World’s largest LNG bunker supply vessel Kairos started operations in Q4/2019. Kairos, owned by Babcock Schulte Energy, is charterd by Blue LNG, a joint venture between Nauticor (90%) and KN (10%). The joint venture partners decided to sell transfer KN’s share in Blue LNG to Nauticor. The transfer shall become effective as of September 30 th, 2019.

Lithuanian liquefied natural gas (LNG) import terminal operator, AB Klaipedos Nafta (KN) has started a yearly procedure, i.e. allocation of LNG terminal capacities for the new gas year.Capacities are allocated in advance, before the end of the gas year, according to the usual practice in the natural gas markets.The Company performs the allocation of capacities according to the publicly announced Regulations for Use of Liquefied Natural Gas Terminal, which were verified and approved by the National Commission for Energy Control and Prices and the Board of the Company.During the allocation procedure of the LNG terminal capacities the LNG…

On April 15th, 2019, a large bunker supply vessel (BSV) for liquefied natural gas (LNG) “Kairos” provided LNG in a ship-to-ship bunker operation to a product tanker. “Fure Valö”, a vessel of the tanker pool managed by the Gothia Tanker Alliance, received LNG at the anchorage area of Sandhamn, near the Swedish capital of Stockholm. The bunker operation was the first offshore ship-to-ship operation that was conducted by the 117 meter long BSV.The bunker operation was conducted under an agreement for the supply of LNG…

On March 15, 2019, the world’s largest bunker supply vessel (BSV) for liquefied natural gas (LNG) Kairos conducted the first LNG bunker supply operation for the newbuild ferry MS Visborg at the ferry pier of the port of Visby.The bunker operation puts into practice the contract for the supply of LNG, which was signed by Nauticor, a leading supplier of LNG as marine fuel, and Destination Gotland, the owner and operator of the new ferry, in December 2017 and enables the ferry to…

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…

The world’s largest liquefied natural gas (LNG) bunker supply vessel began its voyage from Hyundai Mipo Dockyard (HMD) in South Korea to the ship’s primary area of operation in Northwest Europe, on Wednesday.The 7,500 m³ capacity Kairos is the world’s largest LNG bunker supply vessel. It will be ready for operations before the end of 2018.Mahinde Abeynaike, CEO of Nauticor, which holds 90 percent of the joint venture that charters the vessel, said, “The arrival of the Kairos in the Baltic Sea will set a milestone for LNG as a ship fuel.

Lithuania plans to start liquefied natural gas (LNG) bunkering next year, and will soon call a tender for a test cargo, Klaipedos Nafta, the operator of the terminal, said on Wednesday.   The onshore bunkering station at Klaipeda port would be able to reload 250,000 cubic metres of LNG per year, both to ships and road tankers, the company added.   The first two storage tanks -- each with 1,000 cubic metres capacity -- of five are expected to be commissioned in August 2017.   Klaipedos Nafta has set up a joint venture with Hamburg-based Bomin Linde LNG to build and operate a bunker vessel to supply marine customers and small-scale LNG terminals in the Baltic Sea. (Reporting by Nerijus Adomaitis, editing by Louise Heavens)

Liquefied natural gas (LNG) supplier Bomin Linde LNG said it has secured a capacity of 7,500 m3 LNG bunker supply vessel, the largest of its kind to date, via a time-charter contract signed with ship owner Bernhard Schulte on September 30, 2016. The vessel is chartered by a joint venture, established in November 2015, in which Bomin Linde LNG holds 90 percent. The remaining 10 percent are held by Klaipėdos Nafta, the owner and operator of the Klaipeda LNG import terminal. Upon the vessel’s commissioning slated for late 2018…

Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports, the country's energy minister said on Monday. Russia's Gazprom had enjoyed a supply monopoly until the end of 2014, when Lithuania opened a floating LNG import terminal to reduce energy dependence on its former Soviet master. That allowed it to import gas from Norwegian tankers, as well as via pipeline from Russia. Volumes of LNG imports to Lithuania are expected to triple this year after two new importers signed deals with Norway's Statoil, the terminal's operator Klaipedos Nafta said on Friday.

Lithuania’s Klaipedos Nafta has signed a deal with the port of Helsingborg to cooperate on the HEKLA – Helsingborg & Klaipeda LNG infrastructure facility deployment project (HEKLA). Klaipedos Nafta has also signed a Memorandum of Understanding (MOU) with the Spanish Association of Natural Gas for Mobility (GASNAM) to cooperate on the standardisation of LNG bunkering operations. According to the agreement with port of Helsingborg, Klaipedos Nafta acquires the right to use the financial support of EUR 6 million of the Connecting Europe Facility (CEF) part of the EU financing program, approved by Coordination Committee for the construction of its liquefied natural gas onshore reloading station.

Lithuania's parliament on Tuesday approved amendments which will allow the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, the energy ministry said. The current laws require the country's regulated energy and heat producers to buy at least 540 million cubic metres (mcm) from a floating LNG terminal in Klaipeda on the Lithuanian coast to ensure it remains operational. But gas demand has been falling due to increased use of biomass for heating and warmer weather, leaving the energy companies with surplus gas. Lithuanian LNG importer Litgas asked the government to change the rules to allow the sale of surplus gas on the local gas exchange GET Baltic or on the international spot markets.

Höegh LNG has taken delivery of the "Independence", the second of the four newbuilt FSRUs that the Company has ordered from Hyundai Heavy Industries Ltd (HHI), on May 12. The "Independence" is under a long term charter to Klaipedos Nafta in Lithuania, which will commence no later than by the end of the year. In the interim, the Company will deploy the unit in the short term LNG market. Sveinung J.S. Støhle, President and CEO of HLNG, stated: "We are proud to have reached this significant milestone together with Klaipedos Nafta and HHI and expanded our current fleet of FSRUs to four vessels. The "Independence" represents the most advanced and efficient FSRU in the market, and plays a key role in giving Lithuania the energy infrastructure necessary to diversify its sources of natural gas".

OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea, the terminal's operator Klaipedos Nafta said on Thursday. Lithuania opened the first LNG import terminal in the Baltic states last December to cut its dependence on pipeline gas imports from Russia. "In close cooperation both companies aim to jointly develop the LNG fuel market including the necessary infrastructure in Baltic Sea," Klaipedos Nafta said in a statement after signing a memorandum of understanding with the German LNG supplier. LNG demand for shipping in the Baltic region is going to increase due to stricter environmental regulations for sulphur content in the fuel.

Lithuania will seek to buy up to 170,000 cubic meters of liquefied natural gas on a spot basis to test its LNG import terminal, which is expected to come online in December, the company in charge of the project said on Thursday. Klaipedos Nafta has signed a 10-year agreement with Norway's Hoegh LNG to lease a floating gas storage and regasification vessel, which will serve as an import terminal at the Baltic Sea port city of Klaipeda. Majority state-owned Klaipedos Nafta said in the agenda for its July 3 shareholder meeting that it expects to pay up to 112 million litas ($44 million) for the test LNG shipment. Litgas, the gas trading arm of Lithuanian energy group Lietuvos Energija…

Hyundai Heavy Industries Co., Ltd. (HHI) held a naming ceremony for the world’s first newbuilding LNG floating storage regasification unit (LNG FSRU), ordered from Höegh LNG in June 2011. The 170,000 cbm LNG FSRU, measuring 294 meters in length, 46 meters in width and 26 meters in depth with the storage capacity of 70,000 metric tons of chilled natural gas, will be chartered to Lithuania’s Klaipedos Nafta under a long-term contract. The naming ceremony of the LNG FSRU, Independence held in Ulsan…

Gas supply from Lithuania's liquefied natural gas (LNG) import terminal was interrupted on Wednesday due to a bomb threat that later turned out to be a hoax, the terminal's operator Klaipedos Nafta said on Wednesday. The terminal is now preparing to restart, a spokeswoman said. The floating terminal, leased from Norway's Hoegh LNG , was opened last year and received the first commercial LNG cargo from Norway in late December. The terminal halted gas withdrawals at around 0900 GMT after receiving a bomb threat and was evacuated. Reporting by Andrius Sytas