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Klaipeda LNG in Full Capacity

Maritime Activity Reports, Inc.

July 22, 2019

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), and in May, a total of 1.75 TWh of gas were regasified (21% more than in the last year’s May).

The LNG terminal operator said that June was even more efficient for the terminal: it accepted 2 big gas carriers with 278 thousand m3 of LNG and 3 small gas carriers with 28.5 thousand m3 of LNG. Since the beginning of this year, Klaipėda LNG terminal has accepted 23 gas carriers for various LNG reloading operations.

“The demand of Klaipėda LNG terminal is determined by the favourable situation in the international markets. It has been several months that the regasified LNG outbids the gas imported via remote long-distance pipelines, therefore, the importers having access to a great number of sources use the emerging opportunities. June was the most intensive month in terms of the use of the terminal, what considerably determined the growth of the regasification indicators,” says Arūnas Molis, head of Klaipėda LNG Service of KN, the operator of oil products and liquefied natural gas terminals.

In June, the LNG terminal reached its record scope of activities: about 2.4 TWh of natural gas were regasified and submitted to the natural gas transmission system, which is approximately the same as the total amount of gas during the first summer month consumed in all the three Baltic States.  In comparison, in June this year the regasification amount was almost 200% higher than in June last year, when a total of 0.8 TWh of gas were regasified.

The regasification services of Klaipėda LNG terminal are currently provided to UAB “Lietuvos energijos tiekimas” and AB “Achema”, and an agreement with a third user of Klaipėda LNG terminal, i.e. UAB “Imlitex”, was signed in May.

In July, the terminal is planning to accept 4 gas carriers: 2 big gas carriers and 2 small gas carries. Repair works are planning to perform of the gas transmission point from Belarus to Lithuania, which are scheduled for the three weeks of July. Therefore, during these three weeks, the gas to Lithuanian consumers will be submitted only from Klaipėda LNG terminal.

In July, the world’s largest LNG feeder and bunker vessel Kairos will arrive to Klaipėda. As of 30 September, 10% of the shares of the vessel held by KN under the contract of affreightment will be transferred to a German company “Nauticor” under the agreement concluded at the beginning of April.

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