KN to offer long-term capacity booking at Lithuanian FSRU

Lithuania’s Klaipedos Nafta, the state-owned operator of the country’s first LNG import facility, is planning to offer to the market to book long-term capacity at the 170,000-cbm FSRU Independence.

Last month, Lithuania said it has completely abandoned imports of Russian gas and would satisfy the country’s entire gas demand via the FSRU-based LNG import facility in the port of Klaipeda.

Also, KN’s customers have fully booked the LNG terminal’s regasification capacity for this gas year ending September 30, and FSRU Independence would receive 20 large LNG cargoes in the March-September period.

Now the firm is inviting market participants to book capacities for the period from October 1 to December 31, 2022.

KN said in a statement on Monday it would offer a total of 9,66 TWh LNG capacities during the procedure and applications must be submitted until May 17.

Later this year, KN plans to offer the market the possibility to book long-term capacity at the LNG terminal, which would be available from January 1, 2023, for a period of five or ten years, it said.

Also, the firm said it has submitted the relevant amendments to the regulations for the use of the LNG terminal for market consultation.

“One of the technical changes we will follow next year will align the so-called gas year with the calendar year. That is why we are currently initiating capacity allocation for a relatively short period of three months,” Jurgita Šilinskaitė-Venslovienė, head of KN LNG commerce, said.

“Already in June, we will invite customers to assess the long-term capacity needs of the LNG terminal, for which we are currently making the final preparations,” she said.

Most Popular

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

Lithuanian FSRU in 500th STS LNG transfer

Lithuania’s KN Energies said the 170,000-cbm FSRU Independence had completed its 500th ship-to-ship transfer in Klaipeda since the start of operations in 2014.

Orlen to supply LNG cargo to Ukraine via Lithuanian FSRU

Poland's Orlen has signed a deal with Ukraine's Naftogaz to supply the latter with one liquefied natural gas (LNG) cargo via the FSRU-based terminal in Lithuania's Klaipeda.

Lithuania’s KN wraps up acquisition of Hoegh’s FSRU

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, said on Friday it had officially transferred ownership of...

Eesti Gaas using gas storages in Poland and Germany for winter

LNG importer Eesti Gaas, a unit of Estonian investment firm Infortar, has started using underground gas storage facilities in...