AB Klaipedos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipeda LNG Terminal Spot Capacity Allocation are accepted starting today. With this announcement the Operator is keen to allocate one Conventional cargo scheduled on 20th/21st February 2023 with fixed regasification schedule.

The requests are accepted till end of business hours 21st December, 2022 by email to [email protected].

The main conditions of Spot Capacity Allocation are provided in the Regulations for the use of Klaipeda LNG terminal. 

• Spot capacity regasification schedule
• Regulations for the use of Klaipeda LNG terminal

KN, in accordance with the provisions set forth in the Rules on public consultation approved by the National Energy Regulatory Council (resolution No. O3-350, dated 28th of October 2011) is announcing a public consultation on the draft of the amendment of the Regulations for the Use of Liquefied Natural Gas Terminal (hereinafter - the Draft Regulations).
 
Changes made in the Draft Regulations regarding the deadlines for the allocation of the regasification capacity of the Spot market cargoes (clauses 74 - 75 of the Regulations) and the reference conditions used by the Operator (for planning purposes calorific value of natural gas has been changed from 11,9 to 11,35 kWh/m3). The starting point for calculating the deadline for the allocation of the Spot market cargo capacity is changed from the start date of the specific month of the year in which the Spot market cargo is scheduled to the start date of the specific Arrival period of the Spot market cargo as provided in the Annual Terminal Services Schedule.
 
The amendments aim to ensure the efficient allocation of regasficiation capacities of Spot market cargoes and at the same time to ensure the procedure of capacity allocation which satisfies the natural gas consumption needs of energy producers who provide isolated work service of electrical power system to the transmission system operator.
 
AB Klaipėdos nafta requests to get acquainted with the Draft Regulations and to submit comments and suggestions by 23rd of November, 2022. Please submit comments and suggestions directly to AB Klaipėdos nafta by e-mail: [email protected] or [email protected]. Taking into account the scope of the amendments provided for in the Draft Regulations and in order to effectively implement the planned changes by allocating the nearest Spot market cargo regasificationcapacity, a public consultation period of 3 working days is set, which is considered sufficient to get acquainted with the corrections provided in the Draft Regulations.
 
At the end of the period of public consultation conducted by the company, the company will evaluate the comments and suggestions received during the consultation and submit the final edition of the Regulations to the National Energy Regulatory Council.
 
The Draft Regulations with highlighted corrections:

• Regulations for use of the LNG terminal 
• Annex No. 4 - Long-term Terminal Capacity Allocation Request
• Annex No. 5 - Annual or SPOT Terminal Capacity Allocation Request
• Annex No. 10 - Annual Schedule Request for Terminal Capacities Allocation
• Annex No. 11 - Request for Monthly Schedule
• Annex No. 12 - Daily nomination of LNG regasification

If you have any questions regarding the public consultation or the amendments provided for in the Draft Regulations, please contact the responsible persons:

• Logistics Manager Nerijus Strazdauskas, e-mail [email protected], tel. +370 630 04305;
• Head of Regulated Activities Vaidotas Bručkus, [email protected], tel. +370 695 48897.

At the beginning of November, the international project “CarbonNeutralLNG” was launched in Nuremberg, Germany, with the participation of KN (Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals. The three-year project will aim for its participants to collaborate on the development of a hybrid process chain involving the production of hydrogen from biomass and its conversion to synthetic methane using a variety of chemical and biological processes.
 
The project, part of “Horizon Europe”, the EU’s largest research and innovation programme, will bring together 12 partners, including universities in Germany, Austria, Greece, the Baltic Energy Innovation Centre in Sweden and several business organisations.
 
Jurgita Šilinskaitė-Venslovienė, Head of LNG Commerce at KN, points out that hydrogen will become an integral part of the future energy mix, and that we need to start preparing for it today.
 
“By taking part in this project, we will gain a lot of useful experience in working with the new generation of gas mixtures, and we will be exposed to the development of the very latest technologies. This is an important opportunity for us to develop and expand our competences in the application of hydrogen technologies, the transportation and geological storage of CO2 in Europe and the production of synthetic methane. During the course of this project, research in the laboratories should be applied to carry out small demonstration projects, where their economic usefulness is also assessed”, says Šilinskaitė-Venslovienė.
 
According to her, the participation in this project is also relevant for KN because of the LNG infrastructure it manages, which can be adapted to the transportation of methane gas produced from renewable sources in the future without additional investments.
 
In addition to research, the project will also carry out impact assessments at the environmental, social and economic levels, and will monitor and look for ways to avoid fugitive methane emissions in the natural gas sector. It is planned to measure methane emissions at the KN LNG terminal infrastructure using drones.
 
Hydrogen technology is one of the most realistic alternatives to fossil fuels in order to meet national and European Union energy and climate goals. Therefore, both Lithuania and other countries are focusing on research and demonstration projects on hydrogen production, transportation and related activities to prepare for the transition to hydrogen technology, which will directly contribute to the decarbonisation of industry, energy and transport sectors.
 
KN participates in a working group on the draft Guidelines for the Development of the Hydrogen Sector in Lithuania and the Action Plan for Their Implementation, which is currently being prepared.

The newly elected Supervisory Council of KN (AB Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals, on its first meeting on 08 November 2022 elected an independent Supervisory Council member Robertas Vyšniauskas to the position of a Chairman.

Robertas Vyšniauskas is currently the General manager of UAB Valstybės investicinis kapitalas, an independent member and Chairman of the Board, as well as member of the Audit Committee of UAB EPSO-G, independent member of the Board of UAB Vilniaus vystymo kompanija. Mr. Vyšniauskas is a corporate governance, M&A consultant.

Following the Articles of Association of the Company, the Supervisory Council consists of 3 members, including the Chairman of the Supervisory Council, with at least 2 members being independent. The Supervisory Council is elected for a period of 4 years by the General Shareholders’ Meeting. 

The Supervisory Council approves the company's strategy and monitors its implementation, is responsible for overseeing transactions with third parties, elects and dismisses members of the Board of the Company, and supervises its work.

KN Supervisory Council, which took office on 20 October, 2022, consists of Robertas Vyšniauskas, Mantas Šukevičius and Dovilė Kavaliauskienė.