Lithuania: Klaipeda LNG regas volumes nosedive in Aug 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 70.4 percent in August when compared to the corresponding month last year.

Klaipėdos Nafta, the LNG terminal operator, on Friday said that its facility regasified and reloaded 0.64 terawatt hours (TWh) as compared to 2.17 TWh last year.

In the January-August period, the LNG terminal’s total throughout was at 6 TWh versus 8.71 Twh in the same period last year.

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 last month, down 7.1 percent on the year while in the eight-month period the LNG facility earned 41.3 million euros, a drop of 6.5 percent as compared to 2017.

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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