Elenger becomes Lithuania’s LNG terminal user

Elenger becomes Lithuania's LNG terminal userImage courtesy of KN

Estonian energy company Elenger became the fifth user of the Klaipėda LNG terminal, which had a record volume of operations this year.

It is planned that the first LNG cargo ordered by Elenger will reach Klaipėda in the second half of November.

This is the third new LNG terminal user this year, the facility’s operator Klaipedos Nafta said in its statement.

At the beginning of June, the agreement on the provision of Klaipėda LNG terminal services was signed with the Lithuanian energy resources trading company Imlitex UAB, in August – with the Estonian energy company Eesti Energia. Until then, Ignitis UAB (until September 9, 2019 – Lietuvos Energijos Tiekimas UAB) and Achema AB were sole users of the LNG terminal in Klaipėda.

According to Elenger board member Margus Kaasik, the decision to purchase natural gas via Klaipėda LNG terminal is a long-planned strategic step for the company.

“This grants us access to the global market and means more reasonable prices to our clients as there are more sources of supply available,” he said.

The operator added that the favorable situation on the international gas markets has led to a 40 percent increase in regasification and loading volumes. During the three quarters of the year, 31 gas carriers were accepted in Klaipėda, which compares to  8 tankers for the same period a year ago, and in recent months the LNG terminal has been regasifying much more than the total Lithuanian gas demand.

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