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”.

- Advertisements -

Most Popular

US weekly LNG exports down to 22 shipments

US liquefied natural gas (LNG) exports decreased in the week ending April 10 compared to the week before, according...

Spot LNG shipping rates, European prices drop this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet decreased further this week, and European prices...

Spot LNG shipping rates continue to drop, European prices climb

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease this week, while European...

More News Like This

Poland’s Gaz-System picks MOL to provide Gdansk FSRU

Poland's Gaz-System has selected Japan's MOL as the preferred shipowner to time charter out a floating storage and regasification...

Equinor to deliver reloaded cargo from Lithuania’s Klaipeda to Finland

Norwegian energy firm Equinor has reloaded a liquefied natural gas cargo at the KN Energies-operated FSRU-based terminal in Lithuania's...

KN takes over commercial management of four LNG terminals in Germany

Lithuanian LNG terminal operator KN has won a contract from state-owned Deutsche Energy Terminal to manage four FSRU-based LNG...

Orlen: Polish LNG imports continue to rise

Poland’s LNG imports via the Swinoujscie terminal rose almost 6 percent in 2023 compared to the year before, boosted...