Lithuania: Klaipeda LNG regas volumes spike in Aug YoY

Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda surged in August as compared to the same month a year before.

The Klaipeda LNG import terminal regasified 2.1 terawatt hours (TWh) in the month under review, a 159 percent rise as compared to 0.84 TWh in August 2016, according to the latest data by the terminal operator, Klaipėdos Nafta.

However, during the January-August period, the LNG facility in total re-gasified and reloaded 8.7 TWh of the natural gas, down 21 percent as compared to the same period in 2016.

The 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 Klaipeda almost remained the same at 5.6 million euros ($6.7m) in August.

In the 8-month period, revenues rose 2.4 percent to 46.1 million euros, the data shows.

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