Photo: Courtesy of Klaipedos Nafta

Lithuania’s Klaipėda LNG terminal fully booked for the gas year

The customers of the Lithuanian LNG terminal Klaipėda LNG have fully booked the terminal’s regasification capacity for this gas year that lasts until 30 September 2022.

Lithuania’s Klaipėda LNG terminal fully booked for the gas year
Courtesy of Klaipedos Nafta

Klaipedos Nafta said it allocated a total of 23,9 TWh of Klaipėda LNG terminal capacity for the current gas year.

Customers pre-booked 8.9 TWh of LNG terminal capacity during the 2021 annual capacity allocation procedure

The gas year is starting on 1 October 2021.

In March-September Klaipėda LNG terminal is to receive 20 large-scale LNG cargoes and perform 1 reloading operation. All the cargo reception windows are for the large carriers carrying LNG cargoes of at least 138,000 cubic metres.

“Two factors have contributed to the increased interest in LNG terminal services. Firstly, the war in Ukraine has made it even more important for the companies operating in the Baltic region to secure a reliable alternative source of gas supply. In addition, the earlier announcement of the start of operations of the GIPL link is creating opportunities for businesses to take advantage of new emerging opportunities, said Mindaugas Navikas, KN CCO.

“Although the terminal capacity is already fully booked, market participants who have not done so can negotiate with each other to purchase or swap quantities of gas delivered at the terminal, or to purchase terminal capacity on the secondary market. KN, for its part, is also evaluating additional opportunities of the terminal to meet the changing market demand.”

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KN is currently assessing how the terminal could receive additional LNG quantities by the end of the gas year.

The possibility of expanding Klaipėda LNG terminal’s technical regasification capacity in the long term is also under consideration. The current capacity is 3.75 bcm and it would go to 5 bcm.