News
2025-06-16
Klaipėda LNG terminal spot cargo capacity for August-September 2025 are now being allocated
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:
The closing date and time for request submissions is 30th of June 2025, 10:00 EEST.
Preliminary regasification schedule
Note. Spot cargo capacity is allocated in a principle “first-come-first served”.
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 1st of August 2025 to 30th of September 2025. Cargo delivery window: 20-21st of August, 2025.
The closing date and time for request submissions is 30th of June 2025, 10:00 EEST.
Preliminary regasification schedule
Note. Spot cargo capacity is allocated in a principle “first-come-first served”.
2025-06-13
KN Energies and SK Innovation E&S extend Strategic Framework Agreement
During a business visit in Hanoi, KN Energies – an international LNG and energy infrastructure developer and operator – and South Korea’s SK Innovation E&S (“SKI E&S”) – a global energy company within the SK Group, one of the largest conglomerates in the Republic of Korea – signed an extension of their Strategic Framework Agreement. The agreement strengthens cooperation in LNG and green energy projects across the Asia-Pacific region.
The agreement was signed by Darius Šilenskis, CEO of KN Energies, and Namho Kim, Vice President of SKI E&S Global Business Development Office.
This extension marks an important step forward in the partnership that began in May 2023 in Lithuania. Building on two years of cooperation in international LNG business development, the renewed Framework Agreement broadens the scope of joint activities to include project development across the Asia-Pacific region, with particular focus on Southeast Asia. The agreement also deepens collaboration in LNG infrastructure, hydrogen, carbon capture, and energy storage solutions.
“Over the past two years, together with SKI E&S, we have been actively exploring projects that leverage the strengths of both companies – KN Energies’ international experience in LNG terminal development and operations combined with SKI E&S’s global energy expertise, advanced technologies, and market access,” said Darius Šilenskis, CEO of KN Energies. “By extending our partnership during the meeting in Hanoi, we reaffirm our joint commitment to develop new LNG infrastructure and green energy solutions, particularly in Southeast Asia, where energy demand is growing significantly, along with the need to scale up renewables and reduce the carbon share in the energy mix.”
Vice President Namho Kim of SKI E&S commented: “Our partnership with KN Energies reflects SKI E&S's strategic approach to global growth in the LNG and clean energy sectors. Vietnam and Southeast Asia represent dynamic markets where our combined strengths create strong potential for new business opportunities, support energy stability, and contribute to global energy transition goals.”
The signing ceremony in Hanoi reflects the growing strategic alignment between Lithuania, the Republic of Korea, and the broader Indo-Pacific region, as Lithuania continues to expand its international partnerships and energy cooperation across Asia.
The agreement was signed by Darius Šilenskis, CEO of KN Energies, and Namho Kim, Vice President of SKI E&S Global Business Development Office.
This extension marks an important step forward in the partnership that began in May 2023 in Lithuania. Building on two years of cooperation in international LNG business development, the renewed Framework Agreement broadens the scope of joint activities to include project development across the Asia-Pacific region, with particular focus on Southeast Asia. The agreement also deepens collaboration in LNG infrastructure, hydrogen, carbon capture, and energy storage solutions.
“Over the past two years, together with SKI E&S, we have been actively exploring projects that leverage the strengths of both companies – KN Energies’ international experience in LNG terminal development and operations combined with SKI E&S’s global energy expertise, advanced technologies, and market access,” said Darius Šilenskis, CEO of KN Energies. “By extending our partnership during the meeting in Hanoi, we reaffirm our joint commitment to develop new LNG infrastructure and green energy solutions, particularly in Southeast Asia, where energy demand is growing significantly, along with the need to scale up renewables and reduce the carbon share in the energy mix.”
Vice President Namho Kim of SKI E&S commented: “Our partnership with KN Energies reflects SKI E&S's strategic approach to global growth in the LNG and clean energy sectors. Vietnam and Southeast Asia represent dynamic markets where our combined strengths create strong potential for new business opportunities, support energy stability, and contribute to global energy transition goals.”
The signing ceremony in Hanoi reflects the growing strategic alignment between Lithuania, the Republic of Korea, and the broader Indo-Pacific region, as Lithuania continues to expand its international partnerships and energy cooperation across Asia.
2025-06-12
KN Energies signs Grant Agreement with the European Commission
International energy terminal operator AB KN Energies has signed a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is a part of the CCS Baltic Consortium’s cross-border carbon dioxide (CO2) capture, transport and storage value chain currently under development across Lithuania and Latvia.
Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipėda technical and commercial studies from the Connecting Europe Facility programme for Energy (CEF). The EU will co-finance 50% of the study costs. The funding will support technical, commercial, and environmental assessments, enabling a Final Investment Decision (FID) by the end of 2027. The CO₂ terminal is expected to begin commercial operations in 2030.
"We are honoured to receive the European Commission's support for the technical and commercial studies of the CO2 terminal in Klaipėda. This Grant Agreement marks a significant milestone in our journey towards creating a sustainable carbon capture, transportation and storage (CCS) value chain in the Baltic region. By collaborating with our partners, we are committed to advancing national, regional and EU’s energy and climate goals, and paving the way for a greener future. This initiative not only underscores our dedication to environmental sustainability but also highlights the importance of cross-border cooperation in tackling global challenges,” notes Darius Šilenskis, CEO of KN Energies.
The CCS Baltic Consortium, coordinated by KN Energies, aims to create the first integrated carbon capture, transport, and storage (CCS) value chain in the Baltic region. The project is intended to significantly contribute to the EU’s and national climate neutrality goals for 2050, while addressing the lack of CCS infrastructure in Lithuania and Latvia. This value chain offers a much-needed decarbonisation pathway for hard-to-abate sectors, enabling continued industrial activity in line with climate goals and supporting the long-term resilience of the Baltic economy.
In recognition of its strategic cross-border importance, the project was granted Project of Common Interest (PCI) status by the European Commission at the end of 2023, making it eligible for CEF funding.
Formed in 2022, the CCS Baltic Consortium currently includes Akmenės Cementas AB, KN Energies AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA. The consortium also collaborates with gas transmission system operators Amber Grid (Lithuania) and Conexus Baltic Grid (Latvia) to assess CO₂ transportation via onshore pipeline the consortium remains open to the participation of other regional emitters.
The project will enable CO₂ to be collected from industrial emitters in Lithuania and Latvia and transported to the Klaipėda terminal. From there, it will be shipped by sea to designated offshore sites for permanent geological storage in the North Sea and/or Danish waters. It is estimated that the project will reduce CO₂ emissions in Lithuania and Latvia by 24.9 million tonnes over its lifetime.
More information about the CCS Baltic Consortium: https://ccs-baltic.eu/
Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipėda technical and commercial studies from the Connecting Europe Facility programme for Energy (CEF). The EU will co-finance 50% of the study costs. The funding will support technical, commercial, and environmental assessments, enabling a Final Investment Decision (FID) by the end of 2027. The CO₂ terminal is expected to begin commercial operations in 2030.
"We are honoured to receive the European Commission's support for the technical and commercial studies of the CO2 terminal in Klaipėda. This Grant Agreement marks a significant milestone in our journey towards creating a sustainable carbon capture, transportation and storage (CCS) value chain in the Baltic region. By collaborating with our partners, we are committed to advancing national, regional and EU’s energy and climate goals, and paving the way for a greener future. This initiative not only underscores our dedication to environmental sustainability but also highlights the importance of cross-border cooperation in tackling global challenges,” notes Darius Šilenskis, CEO of KN Energies.
The CCS Baltic Consortium, coordinated by KN Energies, aims to create the first integrated carbon capture, transport, and storage (CCS) value chain in the Baltic region. The project is intended to significantly contribute to the EU’s and national climate neutrality goals for 2050, while addressing the lack of CCS infrastructure in Lithuania and Latvia. This value chain offers a much-needed decarbonisation pathway for hard-to-abate sectors, enabling continued industrial activity in line with climate goals and supporting the long-term resilience of the Baltic economy.
In recognition of its strategic cross-border importance, the project was granted Project of Common Interest (PCI) status by the European Commission at the end of 2023, making it eligible for CEF funding.
Formed in 2022, the CCS Baltic Consortium currently includes Akmenės Cementas AB, KN Energies AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA. The consortium also collaborates with gas transmission system operators Amber Grid (Lithuania) and Conexus Baltic Grid (Latvia) to assess CO₂ transportation via onshore pipeline the consortium remains open to the participation of other regional emitters.
The project will enable CO₂ to be collected from industrial emitters in Lithuania and Latvia and transported to the Klaipėda terminal. From there, it will be shipped by sea to designated offshore sites for permanent geological storage in the North Sea and/or Danish waters. It is estimated that the project will reduce CO₂ emissions in Lithuania and Latvia by 24.9 million tonnes over its lifetime.
More information about the CCS Baltic Consortium: https://ccs-baltic.eu/
2025-06-11
Baltic LNG and New Energies Forum returns to Klaipėda with a focus on energy security
The fourth edition of the Baltic LNG and New Energies Forum has begun in Klaipėda. Over the course of two days, more than 150 energy professionals from around the world will focus on the challenges of energy security and the future of the energy sector.
The Baltic LNG and New Energy Forum has established itself as a key event in the Baltic region. It brings together independent energy experts, regulators and decision-makers, as well as representatives of energy and investment companies.
"In recent years, Europe has been facing two fundamental energy challenges: accelerating the transition towards climate neutrality and strengthening energy security in the context of geopolitical threats. We are pleased that Klaipėda – the home city of KN Energies and the home port of the Klaipėda LNG terminal – is once again hosting key decision-makers, experts, regulators, and executives from across the region. This forum has become a space for open discussions on practical solutions to energy security and the development of sustainable innovations and new energy pathways," says Mindaugas Navikas, Chief Commercial Officer of KN Energies, the forum’s main partner.
The forum was opened with a keynote address by Lithuania’s Vice Minister of Energy, Arnoldas Pikžirnis. representatives of the Gas Transmission System Operator of Ukraine are also joining the discussions virtually. The forum gathers senior leaders and experts from leading energy companies of Lithuania and the Baltic States, as well as from the European Investment Bank, ENTSOG, and other international organizations and associations.
“The energy sector in Europe is undergoing a period of rapid change. Russia’s war in Ukraine has clearly exposed the continent’s energy vulnerability while also demonstrating a strong resolve to implement change. At the same time, the European Union’s climate targets underline the urgency of transformation. This forum provides an excellent opportunity to sense the pace of change, explore emerging technological, regulatory, and commercial solutions, and share success stories,” adds M. Navikas.
This year’s agenda devotes significant attention to the transformation of Lithuania’s energy system – from the successful disconnection from the BRELL ring to the steps enabling the country’s return to the ranks of electricity exporters. The program also examines Europe’s efforts to ensure long-term LNG availability, ongoing technological shifts, and the infrastructure needed to meet climate neutrality goals. Concrete new energy projects – including in the fields of biomethane and CO₂ capture and transportation – are also in focus, with KN Energies actively involved in several of these initiatives. These developments are increasingly seen as integral to both energy security and sustainable transition.
The Baltic LNG and New Energies Forum takes place in Klaipėda on June 11–12.
The Baltic LNG and New Energy Forum has established itself as a key event in the Baltic region. It brings together independent energy experts, regulators and decision-makers, as well as representatives of energy and investment companies.
"In recent years, Europe has been facing two fundamental energy challenges: accelerating the transition towards climate neutrality and strengthening energy security in the context of geopolitical threats. We are pleased that Klaipėda – the home city of KN Energies and the home port of the Klaipėda LNG terminal – is once again hosting key decision-makers, experts, regulators, and executives from across the region. This forum has become a space for open discussions on practical solutions to energy security and the development of sustainable innovations and new energy pathways," says Mindaugas Navikas, Chief Commercial Officer of KN Energies, the forum’s main partner.
The forum was opened with a keynote address by Lithuania’s Vice Minister of Energy, Arnoldas Pikžirnis. representatives of the Gas Transmission System Operator of Ukraine are also joining the discussions virtually. The forum gathers senior leaders and experts from leading energy companies of Lithuania and the Baltic States, as well as from the European Investment Bank, ENTSOG, and other international organizations and associations.
“The energy sector in Europe is undergoing a period of rapid change. Russia’s war in Ukraine has clearly exposed the continent’s energy vulnerability while also demonstrating a strong resolve to implement change. At the same time, the European Union’s climate targets underline the urgency of transformation. This forum provides an excellent opportunity to sense the pace of change, explore emerging technological, regulatory, and commercial solutions, and share success stories,” adds M. Navikas.
This year’s agenda devotes significant attention to the transformation of Lithuania’s energy system – from the successful disconnection from the BRELL ring to the steps enabling the country’s return to the ranks of electricity exporters. The program also examines Europe’s efforts to ensure long-term LNG availability, ongoing technological shifts, and the infrastructure needed to meet climate neutrality goals. Concrete new energy projects – including in the fields of biomethane and CO₂ capture and transportation – are also in focus, with KN Energies actively involved in several of these initiatives. These developments are increasingly seen as integral to both energy security and sustainable transition.
The Baltic LNG and New Energies Forum takes place in Klaipėda on June 11–12.
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