Klaipedos Nafta’s LNG terminal revenue rises in August

Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said Friday that sales revenues from the import facility edged up 1.9 percent in August. 

Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at €5.5 million during the month, compared to €5.4 million during the same month in 2015.

The preliminary revenue for the first eight months has reached €45 million in 2016, a 4.3 percent increase on €43.2 million in the same period last year.

Klaipedos Nafta added in its monthly report that the terminal regasified 840 thousand MWh of natural gas and supplied it to the natural gas transmission system. This is a significant increase compared to the same month in 2015 when the terminal regasified 394 thousand MWh.

During eight months of 2016 the company in total regasified 11,059 thousand MWh of the natural gas, a 229 percent jump compared to the same period of 2015 when 3,361 thousand MWh natural gas was regasified.

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.

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LNG World News Staff