Klaipedos Nafta’s LNG terminal April revenue up

Klaipedos Nafta’s LNG terminal April revenue up
Image courtesy of Klaipedos Nafta

Klaipedos Nafta, the operator of the first Lithuanian LNG terminal reported a 12.2 percent jump in sales revenue from the facility during the month of April 2017. 

Sales revenues from the facility in April reached €5.5 million (US$6 million) compared to €4.9 million in the corresponding month in 2016.

The company also reported a 4.3 percent in revenue from €23 million in the first four months of 2016 to €24 million for the January-April period in 2017.

Höegh LNG’s FSRU Independence located in the port of Klaipeda regasified 1.436,000 MWh of LNG and supplied it to the natural gas transmission system during April, 3.3 percent up on 1,390,000 MWh reported in April 2016.

During the first four months, the company regasified 2,977,000 MWh of LNG, 54 percent down compared to 6,478,000 MWh for the same period of 2016.

Klaipedos Nafta noted the LNG terminal activity was lower due to the lower capacities booked by the terminal users.

The largest of the three Baltic nations, Lithuania started importing LNG in December 2014 in order to reduce its dependence on Russian pipeline gas supplies.

Deliveries to Lithuania’s LNG terminal are being split between Litgas, a part of state-controlled energy group Lietuvos Energija, Lietuvos Duju Tiekimas, and Lithuanian fertilizer producer Achema.

1 EUR = 1.09439 USD

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