Lithuania: Klaipeda LNG regas volumes continue to slide

FSRU Independence (Image courtesy of Klaipedos Nafta)

Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda dropped 19.9 percent in April when compared to the last year.

Klaipėdos Nafta, the LNG terminal operator, said Tuesday that its facility during April in total regasified and reloaded 1.15 terawatt hours (TWh) as compared to 1.43 TWh last year.

This is the third monthly drop for these volumes this year.

In the January-April, the LNG terminal’s total throughout stood at 2.25 TWh versus 2.97 Twh in the same period last year.

Klaipėdos Nafta explained that the lower activity at the LNG import facility was due to lower capacities reserved by the terminal users.

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.

Revenues coming from regas and reloading activities from Höegh LNG’s FSRU Independence used as Lithuania’s first import terminal in the port of Klaipeda also declined.

Klaipeda LNG operations gathered 5.1 million euros last month, down 6.7 percent on the year while in the four-month period the LNG facility earned 21.8 million euros, a drop of 9.2 percent as compared to 2016.

Lithuania, the largest of the three Baltic nations started importing LNG in December 2014. The FSRU currently provides Lithuania with roughly half of its gas needs with the rest being sourced from Russian Gazprom.

 

LNG World News Staff

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