This year marks the end of the five-year term of office of Darius Šilenskis, CEO of AB KN Energies. In line with the highest standards of transparency and good governance practice, a selection procedure is being launched at the end of the CEO's term of office. By decision of the Board of AB KN Energies, the selection of candidates for the position of Chief Executive Officer of the Company is announced.

The vacancy for the Chief Executive Officer is announced on the KN Energies career platform.

Annex:

• Description of selection for Chief Executive Officer of AB KN Energies

On 8 May, Milda Ancevičė started her duties as the Head of Communications of international energy terminal operator KN Energies (KN).
 
She will be responsible for shaping and implementing the company's communication strategy, managing relations with the public and the media, internal communication, and social responsibility projects.
 
"Having approved a new business strategy last year, KN is rapidly moving forward on the path of transformation. During periods of change, high-quality and proactive communication becomes even more valuable. I believe that Milda's competence, accumulated experience, and enthusiasm, gained from years of working in the energy sector and understanding the specifics of our operations, will help implement the strategy and further enhance the company's reputation while meeting the public's expectations for openness and cooperation," notes Darius Šilenskis, CEO of KN Energies.
 
Over 50 candidates participated in the selection process for the position of Head of Communications at KN.
 
Milda Ancevičė, who won the public competition for the position, has been part of the KN Energies team for over six years, serving as the Communications Project Manager in recent years. Prior to that, she worked as a journalist at UAB Verslo žinios.
 
"I embrace this career move and the opportunity to realize myself in new responsibilities with confidence. I am convinced that the experience gained at KN will allow me to implement ideas and plans to improve the company’s image, visibility, and reputation more boldly and quickly. Working at KN, I have repeatedly experienced that being part of this team is truly interesting, dynamic, meaningful, and provides the freedom to create, take responsibility, and lead. I hope that my accumulated experience and desire to go the extra mile will help ensure communication that adds value to the company," says Milda Ancevičė.
 
With nearly 20 years of experience in media and communication, the new Head of Communications of KN Energies holds a bachelor's degree in communication and information studies and a master's degree in public relations from Vilnius University.

International energy terminal operator KN Energies, which started the year by winning a public tender for the commercial services for four floating liquefied natural gas (LNG) terminals on the German North Sea coast, operated by Deutsche Energy Terminal GmbH (DET), the state-owned operator of four terminals in Germany, is expanding its activities. KN Energies has won a tender also launched by DET, to provide technical operation and maintenance services for the LNG terminal Wilhelmshaven 2.
 
The contract signed at the beginning of May between KN Energies and DET specifies that KN Energies will carry out for DET the preparatory work for the technical operation of the LNG terminal Wilhelmshaven 2 by setting up an operational company in Germany, a well trained engineering team, and preparing the terminal's technical operating documentation. Upon the start of commercial operations of the terminal, KN Energies will be responsible for the technical operations and maintenance of the terminal's infrastructure - the jetty, its equipment and the pipeline, organizing the work of the on-site team, as well as the coordination of preventive and corrective actions.
 
"It is symbolic that this year, on the occasion of the tenth anniversary of Klaipėda LNG Terminal, a symbol of Lithuania's energy independence, we are taking on even a greater role in the German LNG terminal market, the development of which, like in Lithuania, is aimed at ensuring the country's energy independence and a reliable natural gas supply. We have been cooperating with our partners in Germany since 2022, and I am convinced that the unique competences, expertise, professionalism and cooperation demonstrated by KN Energies so far will allow us to successfully take on new responsibilities and meet the expectations of our customers," said Darius Šilenskis, Chief Executive Officer of KN Energies.
 
The second Wilhelmshaven LNG terminal, currently under construction, is planned to be served by floating storage and regasification unit (FSRU) Excelsior, owned by the US company Excelerate. The FSRU has an LNG storage capacity of 138 000 cubic meters and an annual  nameplate regasification capacity of 5 billion cubic meters of natural gas. The terminal is scheduled to start commercial operations in the second half of this year.
 
“We are pleased to have found an experienced service provider for Operations and Maintenance at our Wilhelmshaven 2 site, with whom we already have a good cooperation. This enables good synergies within our project for the security of supply in Germany and Europe.”, says Dr Peter Röttgen, Managing Director of DET.
 
The agreement between the two parties is concluded for preparatory phase until start of commercial operations and thereafter for a 5-year period of operational phase with a possibility to extend the agreement. It is envisaged that the implementation of the commitments will, among other things, draw on KN Energies' successful experience in the technical and commercial operations of the LNG terminal operating in the Brazilian port of Açu: the on-site team in Germany will be provided with trainings and necessary operational knowledge, while the operations will be supported by the LNG competence center - KN Energies’ team based in Lithuania.
 
This will be the first time KN Energies will provide technical operation and maintenance services to an LNG terminal in Germany, and the expected annual turnover of the services could reach up to 5% of the company's annual revenue.
 
DET, part of the German Federal Ministry for Economic Affairs and Climate Action, operates four LNG terminals on the German North Sea coast - Wilhelmshaven 1 and Brunsbüttel, as well as the Wilhelmshaven 2 and Stade LNG terminals, which both are currently under construction. Until 2024, KN Energies provided commercial management services for the first Wilhelmshaven and Brunsbüttel LNG terminals, while following the takeover of their operation by DET and the launch of a new consolidated tender for the commercial management of all four LNG terminals earlier this year, KN Energies took over the services for commercial management of all four terminals on behalf of DET.
 
KN is an international energy terminal operator responsible for ensuring safe and reliable flows of liquid energy, loading of chemicals and raw materials for Baltic consumers, while also using the company’s knowledge and skills to assist clients around the world in developing sustainable energy infrastructure projects. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampolė, and is also the operator of LNG terminals in Lithuania and Brazil. To date, the company has contributed to more than 10 different LNG projects around the world.

Klaipėda LNG Terminal Operator SC KN Energies (hereinafter - Company) informs natural gas market participants about the planned announcement of the commencement of allocation of LNG Terminal SPOT LNG cargo capacities for August 2024.

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: 1 000 000 000 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: August - September 2024.
• Spot cargo delivery window: 16-17th August or other date agreed with Terminal Operator.

The closing date and time for request submissions: 20th May 2024 at 16:30 EEST.
 
PRELIMINARY REGASIFICATION SCHEDULE