Klaipedos Nafta’s LNG terminal May revenue flat

Klaipedos Nafta’s LNG terminal May revenue flat

Klaipedos Nafta, the operator of the first Lithuanian LNG terminal, said the revenue from the facility during the month of May 2017 remained flat. 

Sales revenues from the facility in April reached €5.5 million ($6.1 million), however, for the January-May period, LNG revenue rose 3.1 percent from €28.6 million in 2016 to €29.5 million in 2017.

Höegh LNG’s FSRU Independence located in the port of Klaipeda regasified 1,233,000 MWh of LNG and supplied it to the natural gas transmission system during May, dropping 12.3 percent from the corresponding month in 2016.

During the first five months of 2017 the company in total re-gasified and reloaded 4,210,000 MWh of the natural gas, 46.6 percent lower compared to the 7,884,000 MWh regasified in January-May period in 2016.

Klaipedos Nafta said the drop in LNG terminal activity level is lower due to lower capacities ordered 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 = 1.12617 USD

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