A 300 kW solar power plant has been commissioned at the Subačius Oil Terminal operated by KN (AB Klaipėdos nafta). The electricity produced by the plant will meet 100% of the electricity demand of the oil terminal operating in the Kupiškis District. The KN’s investment in this project amounts to almost €210,000.   The solar power project at the Subačius Oil Terminal was completed within a year. The installation includes a total of 731 solar modules on the roofs of the administration, boiler house, laboratory buildings and garage complex. The total surface area of all the solar modules is around 3,000 square metres.   The Subačius solar power plant project was included in the KN’s investment plans a year ago, taking into account the sharp rise in energy prices at the time.   “At the time, like many other companies, we were looking for ways to reduce our energy costs. The solar power plant had proved to be a reasonably attractive investment that can pay for itself in a reasonable timeframe and help to effectively manage the risk of electricity price increases.  Equally important was the project’s sustainability implications. From now on, the annual electricity demand of the Subačius terminal will be fully met by electricity generated from renewable energy sources”, says Arnoldas Būga, Head of Subačius Oil Terminal.   The company plans to continue investing in sustainable ways of generating electricity. A solar power plant with a capacity of 800 kW, about 2.5 times larger, is also planned to be installed at the KN Oil Terminal in Klaipėda by the summer of 2024. This will require an investment of around €800,000.   It is estimated that the electricity generated by the Subačius solar power plant will reduce carbon dioxide emissions by almost 130 tonnes per year, equivalent to about 4,500 planted trees. Over 20 years, in relative terms (with a 300 kW solar power plant), the emissions avoided would equal around 90,000 trees planted.   The main purpose of the Subačius Oil Terminal is long-term storage of Lithuanian state oil products (fuel). The terminal also provides oil product handling and storage services for private customers and companies. The storage tank park consists of 66 tanks with a total volume of 338,000 cubic metres. The terminal also includes a railway loading track, which can handle 14 tank wagons at a time, and a modern tank truck filling area.

Klaipeda LNG Terminal Operator (hereinafter - “Company”) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal spot cargo capacity on the 29th of March 2023. 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 capacity.  Start date of spot cargo LNG regasification capacity allocation: 29th March 2023. The opening date and time for submissions: 29th March 2023 at 13:00 EET. The closing date and time for submissions: 28th April 2023 at 13:00 EET. The request will be accepted until the first dully submitted request for Spot cargo capacity is received by the Operator. 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. Preliminary Spot cargo LNG regasification capacity usage period: From 9 th June till 15 th July. Preliminary Spot cargo delivery window: 27-28 June. Main information on the spot capacity allocation procedure is provided in AB Klaipedos nafta Regulations for the use of LNG terminal .

Oil and liquefied natural gas (LNG) terminals’ operator KN (AB "Klaipėdos nafta") has been successfully expanding its involvement in rapidly growing international LNG import terminal market. The company has been chosen by Italian energy company Snam FSRU Italia to cooperate in the start-up of a greenfield FSRU based LNG terminal project in the port of Piombino.   KN, which has established a reputation as a professional and reliable LNG terminal operator and project developer, not only in Europe, but also worldwide, will support Snam in the FSRU installation and subsequent commissioning and testing of the floating LNG terminal.   The new LNG terminal in Tuscany, in the province of Livorno and the west coast port of Piombino, is a strategic project to help ensuring country’s energy needs, increasing security of supply and diversification.   The terminal design is based on the floating storage and regasification unit (FSRU), Golar Tundra, purchased by Snam FSRU Italia, with a capacity of 170,000 cubic metres and a nominal throughput of 5 billion cubic metres of natural gas per year.   Darius Šilenskis, CEO of KN, notices that in the expanding LNG market there are growing opportunities for the company to get involved in international LNG projects.   "I am glad that KN is helping Europe to enhance its energy independence with its experience and knowledge. Having done our homework in 2014 and ensured alternatives for the supply of natural gas to Lithuania, today being the main gas supply route to the Baltic region, we can get involved in the implementation of strategic projects of other European countries. We are starting this year with great partnership with Snam FSRU for an equally strategic LNG terminal project. Undoubtedly, one of the most important achievements of the past year was the decision of the German energy giant Uniper to select KN to provide commercial operation services for Germany's first floating LNG terminal in the port of Wilhelmshaven on the North Sea coast", says the CEO of KN.   According to him, the recent growth of LNG terminal construction projects in the market contributes to such success. Before the Russian invasion to Ukraine only six out of twenty-three potential LNG terminal projects in Europe were likely to be built. However, as the war continued - the number of such projects has almost tripled to seventeen.   “We receive enquiries from such project developers, whether for advisory, operational or co-investment activities. Therefore, such increase in the demand for LNG terminal development in Europe opens up even more opportunities for us to utilize our existing knowledge and competences in the new international LNG projects, where we would be selected as consultants, operators or investors”, notes Darius Šilenskis.   To date, the company has contributed to more than ten different LNG projects around the world. Currently KN operates LNG terminals in Lithuania, Brazil and provides commercial LNG terminal operator services in Germany.

AB Klaipėdos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipėda LNG Terminal secondary market Capacity Allocation are being accepted starting from 6th of March, 2023 until 24th of March (or until first duly submitted request is received), 2023. With this announcement the Operator seeks to allocate one Conventional LNG cargo scheduled on 9th/10th of June, 2023 regasification capacity with fixed regasification profile: from 1st of May, 2023 until 30th of June, 2023.   According to the Regulations or use of the LNG terminal, after the terminal user informs the Operator about the regasification capacity which is not planned to be used, the Operator, following the principles and procedures of terminal capacity congestion management, announces the respective capacity availability to book on the Secondary capacity market. Market participants are granted the right to submit a request for the allocation of these capacities in accordance with the procedure mentioned in the Regulations.   Considering that the Klapėda LNG terminal is regulated infrastructure, the price of the capacity allocated on the Secondary market is equal to the LNG gasification price (1.41 EUR/MWh) which is set by the National Energy Regulatory Council for the period of 2023. Detailed information about the Terminal’s Tarrif's Can be found here .   Requests should be submitted and the Operator should allocate the aforementioned Terminal capacities in accordance with the terms and conditions set for the allocation of capacities for Spot Cargo (Section 7 of Chapter IV of the Regulations).   Requests, together with the documents specified in clauses 46-47 of the Regulations, shall be submitted to the Operator via e-mail:  [email protected] . Requests for allocation of Terminal Capacities are considered and decisions are made not later than in 3 (three) business days  after the deadline for submission of requests specified in the Invitation.   Capacities being allocated on the Secondary market: LNG regasification Size of the capacity: 1 000 000 000 kWh Period of use of terminal capacities: from 1st of May, 2023 until 30th of June, 2023 Average regasification: 17 276 535 kWh/day Arrival Period: 9th/10th of June Regasification price: 1.41 Eur/ MWh Borrowing/lending mechanism is applied.   Attached: Regasification schedule Regulations for use of the LNG Terminal

In 2022, loading volumes at KN oil terminals increased by 17% compared to the 2021 result. The company’s liquefied natural gas (LNG) terminal in Klaipėda showed record results, with 96% more natural gas regasified in 2022 - 32 TWh in total – compared to the previous year. International LNG’s business development activities in 2022 saw a growing demand for consultancy services, and KN was selected to provide LNG terminal management services for the Wilhelmshaven LNG terminal.   According to unaudited figures, the KN Group generated revenues of EUR 77.8 million in 2022 (previous year’s revenues amounted to EUR 61.8 million). The Group’s consolidated EBITDA in 2022 was EUR 35.5 million (EUR 26.1 million a year earlier). The net loss of the KN Group amounted to EUR 5.5 million in 2022 (EUR 64 million in 2021), while the adjusted net profit reached EUR 9.3 million, compared to an adjusted net loss of EUR 47.2 million recorded in 2021.   “We have made a significant breakthrough in the oil segment over the last couple of years. We currently work with 14 different oil and petrochemical products at the oil terminal, and we have also increased our revenues by successfully leasing oil storage capacity to customers. Overall, the change in the geopolitical situation has made Klaipėda an important import area for oil products in the region and in Central Europe, including Ukraine, and this is reflected in our performance”, says Darius Šilenskis, KN CEO.   The CEO of KN points out that in 2022, energy prices, which have become a real headache for many businesses, were also a serious challenge for KN’s operations as the transhipment operations at the oil terminals are energy intensive. The energy efficiency measures initiated by the company have in some cases reduced the demand for electricity or thermal energy by as much as one third, which has helped to manage variable operating costs.   Demand for Klaipėda LNG terminal services has increased significantly as countries in the region have started to look for alternatives to natural gas imports following Russia’s war on Ukraine, and the LNG terminal has been operating at virtually maximum capacity since April 2022. A record 32 TWh of natural gas was regasified during the year and 54 LNG carriers were received.   “We are pleased that in such turbulent times we have managed to ensure smooth operation of the LNG terminal, which meets the needs of the regional market, and Klaipėda has become a real LNG service centre in the region and the main alternative for natural gas imports. Equally important is that we have managed to implement a long-term capacity allocation mechanism. This ensured that in the long term, each user would contribute to the maintenance of the LNG terminal, thus allowing us to reduce maintenance costs for gas consumers in Lithuania. The KN’s share in the security component has been zero since May last year, and for 2023, the security component has been pretty much eliminated, as the regulator has set the total security component to zero”, stresses the head of the KN, pointing out that last year the LNG terminal project implemented in Klaipėda has become an example for other Western European countries seeking to strengthen their energy independence. Looking ahead to 2023, the main focus is the renewal of KN’s long-term strategy, which will cover the period 2023–2050, but will be split into three distinct phases: short-term (2023–2030), or the evolution of the current situation; medium-term (2030–2040), which will concentrate on KN’s role in the transitional energy market, and long-term (2040–2050), which will cover the company’s business planning towards full climate neutrality. The long-term strategy will need to cover the existing core activities of KN as well as new business directions such as hydrogen and alternative energy carriers, carbon capture and storage, etc. “In a geopolitical and macro-economic context that is likely to remain unchanged, the ability to seize international opportunities, ensuring operational profitability, business continuity, managing energy and other variable costs, and focusing on environmental sustainability will remain the focus in 2023. At the same time, we have embarked on a process of renewing our strategy, which should lead to a transformation of the company, a strengthening of our competitiveness and a more profitable future for our operations. Developing and launching this strategy will be one of the most important tasks this year”, says Darius Šilenskis, CEO of KN.