Lithuania: lower LNG terminal maintenance costs, cheaper gas

Klaipėdos Nafta said that the National Commission for Energy Control and Prices adopted decisions on setting LNG terminal services prices for 2015-2019.

Decisions are relevant for ensuring the compensation of maintenance and operating costs of the LNG terminal infrastructure.

By its decisions and taking into account the procedure for compensating unused funds necessary for covering installation costs of the LNG terminal, its infrastructure and link to funds payers, the commission established a reduced natural gas supply safety component (maintenance costs) in addition to the natural gas transmission price applied to LNG terminal funds payers in the Republic of Lithuania – 7.41 LTL/MWh (2.15 EUR/MWh), the company said in a statement.

The commission also established a natural gas supply safety component applied on Klaipėda LNG entry point – 9.43 LTL/MWh (2.73 EUR/MWh). The additional natural gas supply safety component is calculated having evaluated fixed operating costs necessary for ensuring the operation of the LNG terminal, its infrastructure and link.

For 2015-2019 the commission established the variable part of the price cap of the natural gas regasification service (VAT excluded) – 0 LTL/MWh (0 EUR/MWh), and the LNG reloading service price (VAT excluded) – 3.49 LTL/MWh (1.14 EUR/MWh), which will enter into force on 1 January 2015.

In the meeting of 20 November, the commission approved depreciation rates of the Klaipedos Nafta’s’ fixed assets used in the natural gas regasification activity. The commission established annual depreciation norms by groups of fixed assets, provided for in the resolution of the commission.

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Press Release; Image: Hoegh LNG

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