Lithuania’s KN to offer long-term capacity at Klaipeda FSRU

As a first step, the LNG terminal operator announced on Tuesday that it had initiated a market sounding process.

The market survey is the first step in the process and is designed to gather early feedback on the proposed allocation conditions before the procedure is launched later this year, KN said.

The survey is open until February 6.

“At a time when many European LNG terminals are already booked beyond 2030, KN Energies is preparing to announce a long-term capacity allocation procedure for the period 2033–2044,” Darius Silenskis, CEO of KN, said.

“I strongly believe that this gives market players a rare opportunity to secure future capacity and build a diversified portfolio,” he said.

The terminal’s capacity is fully booked up to 2032.

In addition, part of the capacity for the period 2033–2044 has already been contracted.

KN will offer 28 TWh per annum, or seven packages with 4 TWh per annum.

The Klaipeda FSRU-based LNG terminal currently provides regasification and reloading services, as well as biomethane liquefaction by equivalence.

In December, KN Energies assumed ownership of the 170,000-cbm FSRU Independence from Hoegh Evi, and the unit was registered under the Lithuanian flag.

In March last year, the FSRU completed its 500th ship-to-ship LNG transfer in Klaipeda since the start of operations in 2014.

The majority of LNG volumes originate from Norway and the United States, but the Klaipeda FSRU-based facility has also received LNG from Nigeria, Trinidad and Tobago, Egypt, Algeria, and other countries.