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

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >