Klaipedos Nafta: FSRU Independence earns more cash in July

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

Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at 5.5 million euros in the second quarter, as compared to 5.4 million euros the year before.

According to Klaipedos Nafta, the FSRU regasified 1,012 thousand MWh of natural gas and supplied it to Lithuania’s natural gas transmission system. This represents a rise of 210% as compared to July last year.

LNG revenues rose by 4.8% in the January-July period to 39.6 million euros as the terminal regasified 10,220 thousand MWh, or 245% more than in the corresponding period in 2015, the Lithuanian company said.

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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