International energy terminal operator KN Energies welcomes autumn with a new employer branding campaign aimed to highlighting the significant contributions of its employees in consolidating Lithuania's energy independence and building a sustainable future for the country. The heroes of this campaign are KN Energies employees, who work together every day to make a difference at a national level. They are the engineers of independence, whose efforts resonate with the sentiments expressed in the lines of Lithuania's national anthem.   Commitment to Lithuania is more than just nice words By joining KN Energies, every employee—regardless of their specialty or profession—becomes an engineer of independence, dedicating themselves to Lithuania and contributing to both an energetically and politically independent, sustainable future. This is the message of the company’s new employer branding campaign, conveyed through visualizations and a video clip. "The idea for the campaign was developed by involving all of the company’s employees and focusing on the aspects of their work that make them most proud. Our goal was to create a sustainable employer branding campaign that reflects the true values of KN Energies' colleagues and highlights what inspires them to achieve shared goals alongside other professionals. We believe that our employer identity, which emphasizes a higher mission, will help attract like-minded individuals who share these values and goals," says Simona Kutelienė, Head of HR and Business Services at KN Energies. Milda Ancevičė, Head of Communication at KN Energies, adds that a recent employee survey revealed pride in being part of real, meaningful changes in the country. “This is no surprise—KN Energies is one of those companies where working for Lithuania isn’t just a nice phrase, but a daily reality. Our team includes people deeply committed to the country, its development, and its full independence," says M. Ancevičė. Focus on a sense of meaning According to KN Energies CEO Darius Šilenskis, the efforts of the company's employees directly impact Lithuania's energy independence through the operation of the FSRU Independence, a key national asset, as well as the development of green energy solutions and infrastructure to meet climate neutrality goals. The CEO emphasizes that working for the company naturally provides a strong sense of purpose, which the new employer branding campaign aims to reflect. “Since Lithuania's independence, ensuring it has been inextricably linked to energy security. In the early days of a free Lithuania, we faced an energy blockade, followed using energy prices as a tool of blackmail. Developing alternative energy sources and the necessary infrastructure became a strategic priority for Lithuania. A breakthrough came with the arrival of the Liquefied Natural Gas (LNG) storage vessel Independence in Klaipėda, which became the foundation and symbol of our nation's energy independence. Investing in this ship was a courageous and, in today's geopolitical context, a highly valuable step. And our international activities in some projects also contribute to reducing our dependence on the most polluting energy sources. In line with our 2050 strategy, we will become engineers of fossil fuel independence and continue working towards developing an energy sector that meets our country's needs and objectives, which will require a highly skilled workforce now and, in the future," notes D. Šilenskis.

International energy terminal operator KN Energies has extended its strategic partnership agreement with Polish energy company ORLEN for the use of the Klaipėda liquefied natural gas (LNG) reloading station capacity for a period of five years.   The Polish company has been using the capacity of the station, which is located at Klaipėda's liquid energy products terminal in Lithuania, since April 1, 2020, under a previous five-year contract. New contract will allow ORLEN to continue its successful LNG loading operations and ensure the supply of natural gas to off-grid customers that are not connected to transmission or distribution networks.   "We believe that this agreement will flourish further cooperation with Orlen and will provide favorable conditions for even greater LNG loading volumes through the reloading station to LNG semitrailers and will create added value for our client and the entire Polish and Baltic region. Although it is a small-scale LNG terminal, it has huge potential and significance for the entire LNG value chain. We appreciate the constructive cooperation with our partners in Poland," says Darius Šilenskis, CEO of KN Energies.   The Klaipėda LNG reloading station supplies liquefied natural gas to industrial users, households, heat producers, as well as fueling stations supplying LNG to trucks in Poland and the Baltic States. For Europe's climate neutrality objectives, LNG, the cleanest fossil fuel, remains a crucial alternative for industrial and transport applications using coal or other more polluting fossil fuels.   “The extension of our partnership with KN Energies is a significant milestone in reinforcing our position in the Baltic region’s LNG market. While the Świnoujście terminal remains a crucial hub for our LNG operations, the Klaipėda reloading station plays a vital complementary role, allowing us to optimise the cost of logistics. Beyond serving the Polish market, the LNG sourced there is also supplied to Lithuania, Latvia and Estonia, where we are witnessing growing interest in cooperation with ORLEN,” said Ireneusz Fąfara, CEO and President of the Management Board of ORLEN.   The Klaipėda LNG reloading station is an onshore small scale LNG terminal near the Klaipėda port gate, which commenced operations on October 27, 2017. The station consists of five LNG storage tanks with a capacity of 1,000 cubic meters each, as well as equipment for loading of LNG from and to ships and LNG semitrailers and ISO-compliant containers of standard size.   LNG can be imported to the Klaipėda LNG reloading station from the Klaipėda LNG terminal or other terminals in the Baltic Sea or the North Sea.   KN Energies is an international energy terminal operator that ensures safe and reliable flows of liquid energy products and liquefied natural gas (LNG) for users in the Baltic Sea region. The company helps clients worldwide develop sustainable energy infrastructure projects with its knowledge and skills. KN Energies currently operates three liquid energy product terminals in Lithuania and operates LNG terminals in Lithuania, Germany, and Brazil. Additionally, it provides commercial operation services for four floating LNG terminals in Germany.   ORLEN is an integrated multi-utility group ranked among the prestigious Fortune Global 500. As a pioneer in its region, ORLEN has committed to achieving a net zero carbon footprint by 2050. Through recent acquisitions and mergers, ORLEN has expanded its footprint, ranking among the top 150 largest enterprises globally. The Group operates across 10 home markets: Poland, the Czech Republic, Germany, Austria, Lithuania, Slovakia, Hungary, Canada, Norway, and Pakistan.   By 2030, ORLEN plans to invest over PLN 320 billion in strategic projects, with approximately 40% allocated to green investments, such as offshore and onshore wind energy, solar photovoltaics, biogas and biomethane, biofuels, electric mobility, green hydrogen and synthetic fuels.

Klaipėda LNG terminal operator, SC KN Energies (hereinafter referred to as the Company), informs natural gas market participants about the planned allocation of SPOT LNG cargo capacity of the LNG terminal under the conditions specified below. Taking into account the provisions of the approved Regulations, the Company informs about the planned announcement of the invitation to submit applications for the acquisition of LNG Terminal spot cargo capacities: Size of spot cargo : 940,000,000 kWh ± 5%. Requests for different size of cargo are considered, however the priority is given to Conventional size of cargo. SPOT cargo LNG regasification capacity usage period and cargo delivery window: ​​​​​​​LNG regasification period from 14 th of November 2024 to 31 st of December 2024. Cargo delivery window: 16-17 th of December. The opening date and time for request submissions is 9 th of September 2024, 07:30 EEST. The closing date and time for request submissions is 26 th of September 2024, 16:30 EEST. Preliminary regasification schedule

On 29 August, Jurgita Šilinskaitė-Venslovienė, who previously served as Head of LNG Commerce, has assumed the role of Chief Corporate Affairs Officer of international energy terminal operator KN Energies.   She will be responsible for overseeing the strategy and management of the departments under the Corporate Affairs umbrella - Communications, Law and Sustainability. Her responsibilities also include supporting the company's management and supervisory bodies, maintaining relationships with stakeholders, and representing the company's interests.   Over 40 candidates took part in the selection process for Chief Corporate Affairs Officer position.   "Jurgita's appointment as Chief Corporate Affairs Officer was based on her experience at KN and her strong personal qualities – synergy of leadership, negotiation, entrepreneurship, communication, and other competences. Jurgita has deep expertise in regulated business, stakeholder management skills, and a proven ability to engage and motivate teams, all of which were well demonstrated in her recent role as Head of LNG Commerce. It is also worth noting, that early in her career, in 2017, she successfully held the position of Interim Head of Corporate Affairs," notes Darius Šilenskis, CEO of KN Energies. J. Šilinskaitė-Venslovienė, who won the tender, has been with KN Energies for 8 years, including approximately 7 years as Head of LNG Commerce. She also serves as Chair of the Board of the Lithuanian Inland Waterways Authority and holds the position of Honorary Consul of the Kingdom of the Netherlands, reflecting her active engagement in both professional and non-governmental sectors. "I am proud to have contributed for the past eight years to the ambitious goals of a Lithuanian company of strategic importance that ensures energy independence, and thereby supports the goals of the entire state. I value the opportunity to significantly contribute to KN's growth while also strengthening my own competencies. I believe that the professional experience I have gained at KN will help me succeed in my new role as Chief Corporate Affairs Officer, enabling to achieve synergy with stakeholders, meet the expectations of the company and related parties, represent their interests, and find the best solutions," says J. Šilinskaitė-Venslovienė.   15 years of management experience in various companies, the new Chief Corporate Affairs Officer at KN holds a Master's degree in Public Administration and a Master’s in Business Administration, and an Executive Master of Business Administration (EMBA) from BMI.

The successful implementation of the long-term strategy of KN Energies and the focused expansion of its activities outside Lithuania resulted in stable financial results of the Group for the first six months of 2024. In the first half of the year, KN Energies generated revenues of EUR 42.6 million, an adjusted net profit of EUR 6.3 million and EBITDA of EUR 21.7 million.   In January-June this year, the Group's revenue was 1% higher than in the same period a year ago (H1 2024: EUR 42.6 million; H1 2023: EUR 42.4 million), while EBITDA grew by 30% (H1 2024: EUR 21.7 million; H1 2023: EUR 16.7 million) and adjusted net profit by EUR 3 million (H1 2024: EUR 6.3 million; H1 2023: EUR 3.3 million).   "The first six months of this year have not only been really active, exciting and important for the future of KN Energies, but also financially stable. We welcomed 2024 by turning a new page in the company's history with the introduction of the transformational new name KN Energies, and the breakthrough in the international LNG business achieved during the half-year period has offset and enabled us to ensure stable financial results even in the face of challenging business conditions or planned operational disruptions," said KN's Chief Financial Officer Tomas Tumėnas.   Despite the challenging market conditions in the eastern Baltic Sea ports, which loaded 27% less liquid energy products in 1-6 months of 2024 than in the same period of 2023, KN Energies' liquid energy terminals' loading rates remained stable (H1 2024: 1.9 million t; H1 2023: 1.95 million t of liquid energy products). The revenue of this segment was EUR 405 thousand higher than in the same period last year, amounting to EUR 14.6 million. The stable revenues of this segment were supported by the growing demand for product storage services and the increase in biofuel and bitumen loading volumes.   It should be noted that in the first half of 2024 the variable costs of the liquid energy products segment were EUR 0.8 million lower compared to the same period in 2023. The lower costs are not only due to lower energy prices, but also to the successful implementation of internal initiatives to reduce the consumption of heat and electricity.   The regulated LNG segment's revenue for the first half of 2024 was EUR 22.65 million, down EUR 2.15 million compared to the same period in 2023, but due to EUR 2.8 million lower costs, the segment's adjusted net profit for the first half of 2024 was higher by EUR 723 thousand compared to the same period in 2023, reaching EUR 841 thousand.   The decrease in revenues of the regulated LNG segment was mainly due to the repair and maintenance works of the FSRU Independence in a dry dock in Denmark in May, during which the Klaipėda LNG terminal operations were temporarily suspended. "The maintenance of the FSRU - renewal of the corrosion coating and other periodic maintenance works - was necessary not only for reliable and uninterrupted operation of the terminal in the future, but also in preparation for the transfer of Independence ownership to KN Energies at the end of the year. Despite the fact that the LNG terminal was not in operation in May, its average utilisation level in the first half of this year was similar to that of other terminals of this type in Europe, with the arrival of 12 LNG carriers and the loading of 9.2 terawatt hours of LNG", - emphasised T. Tumėnas.   KN Energies' strong performance outside Lithuania has led to excellent results for the first half of 2024 in the commercial LNG segment. The company started the year by winning the tender for the commercial operation of four floating LNG terminals on the German North Sea coast, and in May KN Energies won the tender issued by the German state-owned terminal operator Deutsche Energy Terminal GmbH and will provide O&M services for the LNG terminal Wilhelmshaven 2.   New projects secured abroad, operations in Brazil and the development of the Klaipėda LNG value chain led to an increase in the segment's revenues by more than 50%: the adjusted revenues of the commercial LNG segment for January-June 2024 amounted to EUR 5.36 million (H1 2023 - EUR 3.4 million), and the net profit amounted to EUR 2.46 million (H1 2023 - EUR 0.5 million).   "This year's financial statements highlight the new New Energies segment, which brings together the company's efforts to get into the business of new renewable energies - hydrogen carriers, carbon capture and transport. The activities of the new segment allow the company to contribute to the regional energy transformation, both in terms of climate neutrality and a clear commitment to transforming the company's activities towards the sustainability goals set out in the strategy. KN Energies will continue to strive for commercial and operational excellence in all areas of its business, which, together with the breakthrough in the international LNG business, justifies an optimistic outlook for the whole of this year," said Tomas Tumėnas.