Lithuania: Klaipeda LNG regas volumes down in March YoY

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 22 percent in March when compared to the last year.

Klaipėdos Nafta, the LNG terminal operator, said Wednesday that its facility during March in total regasified and reloaded 0.5 terawatt hours (TWh) as compared to 0.6 TWh last year.

In the first of three months of this year, the LNG terminal’s total throughout stood at 1.1 TWh versus 1.5 Twh in the same period last year.

Klaipėdos Nafta explained that the lower activity at the LNG import facility was due to lower capacities ordered 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 5.2 million euros, down 3.7 percent on the year while in the January-March period the LNG facility earned 17.1 million euros, a drop of 7.6 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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