Klaipedos Nafta’s LNG terminal revenue flat in October

Klaipedos Nafta, the operator of the first Lithuanian LNG terminal on Tuesday said the revenue from the import facility remained flat in October.

Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at €5.4 million (Approx. US$5.97 million), at the same level as October 2015.

According to the latest monthly report by Klaipedos Nafta, the preliminary revenue of the LNG terminal for the 10 months of 2016 reached €56 million, 3.9 percent up on the same period in 2015.

During October, the terminal regasified 631,000 MWh of the natural gas and supplied it to the natural gas transmission system. This is an increase of 54.3 percent compared to the same month in 2015 when the terminal regasified 409,000 MWh.

The regasification volumes increase is even more significant when reviewing the 2016 first 10 months in comparison to the same period in 2015. The regasification volumes reached 12.85 million MWh of natural gas, 214.3 percent up on the 4.08 million MWh in 2015.

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