Lithuania: Klaipeda LNG regas volumes drop significantly in Jan-Jul

Liquefied natural gas (LNG) volumes at Lithuania’s first import terminal in the port of Klaipeda have dropped more than a third in the January-July period, according to the latest data by the terminal operator, Klaipėdos Nafta.

Klaipėdos Nafta said Monday its Klaipeda LNG import terminal has during the January-July period in total regasified and reloaded 6.5 terawatt hours (TWh) as compared to 10.2 TWh in the same period in 2016.

The 36 percent drop in the volumes is explained by lower capacities ordered by the terminal users, according to Klaipedos Nafta. 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.

On the other side, 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 rose 2.3 percent to 40.5 million euros ($47.7m) in the period under review.

For the month of July, LNG terminal revenues were flat at 5.5 million euros while volumes rose almost 65 percent to 1.6 TWh, Klaipedos Nafta said.

Worth mentioning, Lithuania, the largest of the three Baltic nations started importing LNG in December 2014 in order to reduce its dependence on Russian pipeline gas supplies.

The FSRU currently provides Lithuania with roughly half of its gas needs with the rest being sourced from Russian Gazprom.

LNG World News Staff