Lithuania’s Klaipedos Nafta posts higher LNG revenues

Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said Friday that sales revenues from the import facility rose 1.9 percent in September.

Sales revenues coming from the regasification activity from Höegh LNG’s FSRU Independence located in the port of Klaipeda were at 5.5 million euros in September, as compared to 5.4 million euros in the same month the year before.

According to Klaipedos Nafta, the FSRU regasified 1,159 thousand MWh of natural gas and supplied it to Lithuania’s natural gas transmission system. This represents a rise of 262% as compared to September last year.

LNG revenues rose by 3.9% in the January-September period to 50.5 million euros as the terminal regasified 12,218 thousand MWh, or 232% more than in the corresponding period in 2015, the Lithuanian company said.

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.

1 Euro = 1.11177 U.S. dollars

LNG World News Staff