PGNiG, Latvenergo book long-term capacity at Lithuanian FSRU

Poland’s PGNiG and Latvia’s Latvenergo have secured regasification capacity for a period of ten years at the Klaipedos Nafta-operated FSRU-based facility in Klaipeda, Lithuania.

KN currently imports LNG via Hoegh’s 170,000-cbm FSRU Independence, which it will buy at the end of its current charter.

The unit has a regas capacity of 3.75 bcm, but there are plans to boost it up to 6.25 bcm due to very high demand as European and the Baltic countries look to reduce reliance on Russian gas and boost energy security.

Four capacity deals

Earlier this year, KN revealed plans to offer to the market for the first time the opportunity to book long-term capacity at the FSRU-based facility.

Now the firm has completed the long-term capacity allocation, awarding four LNG terminal users from Lithuania, Latvia, and Poland capacity packages of 6 TWh per year, or over 0.5 billion cubic meters of gas after regasification, for a total of 24 TWh, KN said on Friday.

The capacity booking is for a period of ten years starting from January 1, 2023.

KN did not reveal the name of the companies.

PGNiG and Latvenergo

PGNiG and Latvenergo said in separate statements they each booked 6 TWh per year of the Klaipeda terminal’s capacity for ten years.

Poland’s dominant gas firm and LNG importer started using KN’s facility in Klaipeda May this year with the first LNG cargo from the US.

PGNiG received six deliveries at the facility up to date.

In March, Latvenergo also said it had bought LNG cargoes for delivery via Klaipeda as part of plans to secure additional supplies due to the Russia-Ukraine war.

The state-owned power and natural gas firm said in the statement on Friday that the capacity with KN is for about six LNG cargoes per year.

According to Latvenergo, the firm would buy the LNG supplies on the international market from “the world’s leading LNG companies”.

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