News
2024-01-19
Via extraordinary transhipment operation LNG from Klaipėda will be supplied to Inkoo LNG terminal
At the end of January, an extraordinary transshipment operation occurred at the Klaipėda LNG terminal, operated by the international energy terminal operator KN Energies. A record amount of 105 thousand cubic meters of liquefied natural gas (LNG) was transferred from the FSRU (Floating Storage and Regasification Unit) Independence to the conventionally sized Amur River LNG vessel. Norway’s Equinor will take the LNG from Klaipėda and deliver to the Inkoo LNG terminal in Finland.
These volumes of LNG from Equinor are the largest ever reloaded from the FSRU Independence to a conventionally sized vessel the terminal's inception.
Until now, commercial LNG transhipments from the Independence storage vessel have been limited to small-scale LNG carriers. Typically, less than 10 thousand cubic metres of LNG have been transhipped, with the largest transhipment of just over 17 thousand cubic metres of LNG.
The 288 m long Amur River is fit for operation under low temperatures and ice conditions with the ice class 1A FS. The LNG vessel will transport LNG filled in Klaipėda for Equinor to the Inkoo LNG terminal in Finland.
Finland's demand for natural gas is being met by imports of LNG since the Balticconnector gas pipeline between Finland and Estonia suffered a rupture and was shut down in early October last year. The LNG is transported by sea to the Inkoo floating storage regasification unit (FSRU) Exemplar, and the gas is transported by pipeline from the LNG storage vessel to the shore.
"This extraordinary transshipment once again highlights that the Klaipėda LNG terminal not only serves as the main source of natural gas supply to Lithuania but also acts as infrastructure of regional importance, thus ensuring gas supplies to other countries. We are pleased to exert additional endeavours in supporting Finland's natural gas requirements during this challenging period for the country, especially when the natural gas pipeline supply chain has not yet been restored," says Mindaugas Navikas, Chief Commercial Officer of KN Energies.
KN is an international energy terminal operator that provides safe and reliable flows of liquid energy, loading of chemicals and raw materials for consumers of the Baltics region, while providing clients around the world with the knowledge and skills to develop infrastructure projects of sustainable energy. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampole, and is the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. KN also provides commercial operation services for four floating LNG terminals of Germany.
These volumes of LNG from Equinor are the largest ever reloaded from the FSRU Independence to a conventionally sized vessel the terminal's inception.
Until now, commercial LNG transhipments from the Independence storage vessel have been limited to small-scale LNG carriers. Typically, less than 10 thousand cubic metres of LNG have been transhipped, with the largest transhipment of just over 17 thousand cubic metres of LNG.
The 288 m long Amur River is fit for operation under low temperatures and ice conditions with the ice class 1A FS. The LNG vessel will transport LNG filled in Klaipėda for Equinor to the Inkoo LNG terminal in Finland.
Finland's demand for natural gas is being met by imports of LNG since the Balticconnector gas pipeline between Finland and Estonia suffered a rupture and was shut down in early October last year. The LNG is transported by sea to the Inkoo floating storage regasification unit (FSRU) Exemplar, and the gas is transported by pipeline from the LNG storage vessel to the shore.
"This extraordinary transshipment once again highlights that the Klaipėda LNG terminal not only serves as the main source of natural gas supply to Lithuania but also acts as infrastructure of regional importance, thus ensuring gas supplies to other countries. We are pleased to exert additional endeavours in supporting Finland's natural gas requirements during this challenging period for the country, especially when the natural gas pipeline supply chain has not yet been restored," says Mindaugas Navikas, Chief Commercial Officer of KN Energies.
KN is an international energy terminal operator that provides safe and reliable flows of liquid energy, loading of chemicals and raw materials for consumers of the Baltics region, while providing clients around the world with the knowledge and skills to develop infrastructure projects of sustainable energy. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampole, and is the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. KN also provides commercial operation services for four floating LNG terminals of Germany.
2024-01-18
KN Energies joined Gas Infrastructure Europe
AB KN Energies, a leading international energy terminal operator, announced its membership in the Gas Infrastructure Europe (GIE) association. It brings the European Association to 68 members from 25 countries.
GIE is the voice of the gas infrastructure operators of Europe which work and innovate with LNG terminals, underground storages and transmission pipelines. Integrating KN Energies AB into its membership was a logical move considering the aligned commitment to support Europe in diversifying its roads and supply source for a resilient energy system.
Jurgita Šilinskaitė-Venslovienė, the Head of LNG Commerce, will be the main representative of KN Energies to the GIE association.
Commenting on this strategic move, KN Energies representative Jurgita Šilinskaitė- Venslovienė stated, "Gas infrastructure has a key part to play in fostering Europe’s energy resilience and decarbonisation. It’s good to join GIE for an exponential move forward in that direction. We look forward to contributing our expertise and advancing the collective goals of GIE, fostering innovation and resilient energy management."
“As the voice of Europe’s gas infrastructure operators, we are delighted to welcome KN Energies AB onboard. Your extensive experience and dedication to excellence make it a valuable addition to the association. Together, we will keep acting to support the work of the EU institutions for an efficient transition”, noted Boyana Achovski, GIE Secretary General
Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators. GIE members are active in transmission, storage and regasification via LNG terminals of renewable and low-carbon gases, including natural gas and hydrogen.
KN is an international energy terminal operator responsible for ensuring safe and reliable flows of liquid energy and loading of chemicals and raw materials for Baltic consumers while also using the company’s knowledge and skills to assist clients worldwide in developing sustainable energy infrastructure projects. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampolė. It is also the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil and the commercial manager of the 4 LNG terminals in Germany.
GIE is the voice of the gas infrastructure operators of Europe which work and innovate with LNG terminals, underground storages and transmission pipelines. Integrating KN Energies AB into its membership was a logical move considering the aligned commitment to support Europe in diversifying its roads and supply source for a resilient energy system.
Jurgita Šilinskaitė-Venslovienė, the Head of LNG Commerce, will be the main representative of KN Energies to the GIE association.
Commenting on this strategic move, KN Energies representative Jurgita Šilinskaitė- Venslovienė stated, "Gas infrastructure has a key part to play in fostering Europe’s energy resilience and decarbonisation. It’s good to join GIE for an exponential move forward in that direction. We look forward to contributing our expertise and advancing the collective goals of GIE, fostering innovation and resilient energy management."
“As the voice of Europe’s gas infrastructure operators, we are delighted to welcome KN Energies AB onboard. Your extensive experience and dedication to excellence make it a valuable addition to the association. Together, we will keep acting to support the work of the EU institutions for an efficient transition”, noted Boyana Achovski, GIE Secretary General
Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators. GIE members are active in transmission, storage and regasification via LNG terminals of renewable and low-carbon gases, including natural gas and hydrogen.
KN is an international energy terminal operator responsible for ensuring safe and reliable flows of liquid energy and loading of chemicals and raw materials for Baltic consumers while also using the company’s knowledge and skills to assist clients worldwide in developing sustainable energy infrastructure projects. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampolė. It is also the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil and the commercial manager of the 4 LNG terminals in Germany.
2024-01-16
Allocation of unused LNG terminal LNG regasification capacities
Klaipėda LNG Terminal Operator (hereinafter - Company) informs natural gas market participants about the available unused LNG Terminal capacity on the secondary market.
Taking into account the provisions of the approved Regulations, the Company informs that, having received a request from one of the terminal user regarding the planned non-utilization of LNG terminal capacities, announces available for booking Terminal capacities:
Taking into account the provisions of the approved Regulations, the Company informs that, having received a request from one of the terminal user regarding the planned non-utilization of LNG terminal capacities, announces available for booking Terminal capacities:
- Size of spot cargo: 1 000 000 000 kWh +- 5%. Requests for different size of cargo are considered.
- Cargo LNG regasification capacity usage period: Since 17th or 24th February until 5th April.
- Cargo delivery window: 7-8th March or other date agreed with Terminal Operator.
2024-01-15
Tomas Tumėnas was appointed Chief Financial Officer of KN Energies
Tomas Tumėnas assumed the role of Chief Financial Officer (CFO) at the international energy terminal operator KN Energies AB on January 15.
T. Tumėnas brings over 30 years of experience in various financial activities, including treasury, investment appraisal, mergers and acquisitions, and risk management. He served as the CFO of AB Linas Agro Group (now AB Akola group) for nearly 20 years and currently serves as the Chairman of the Supervisory Board of the group. Additionally, he holds the position of CEO at Baltic Fund Investments, Akola aps., and Darius Zubas Holding, where he is also a member of the Management Board. Mr. Tumėnas is a member of the Boards of the State Enterprise Regitra, the State Investment Management Agency (VIVA), and the Supervisory Board of the credit union Saulėgrąža.
The new CFO of KN Energies holds a Master's degree in Economics from Vilnius University and a Master's degree in Finance from Manchester University.
In 2016, he was ranked as the best CFO in Lithuania.
"I am delighted that T. Tumėnas is joining the KN team. His expertise, along with his strong experience in international corporate governance and financial management of a listed company, will be of great value to our company. We are consistently pursuing our strategic direction to be the first choice for customers developing LNG terminals around the world, and we have the ambition to become a leader in the Baltic region by 2050 in storing and transporting new sustainable forms of energy. I believe that T. Tumėnas' experience fits well with our commitment to remain an important part of the future energy supply and value chains, while continuing to successfully create value in the energy sector, both in terms of energy security and financial returns for shareholders and Lithuania," notes Darius Šilenskis, CEO of KN Energies.
Prior to joining KN Energies, T. Tumėnas held the position of CFO at the international company Corporation of European Pharmaceutical Distributors N.V. (CEPD), which operates the third-largest pharmacy chain in the European Union and has more than 1500 pharmacies in Poland, Lithuania, and Sweden.
T. Tumėnas states that one of the reasons why he decided to join KN Energies was his desire to return to Lithuania and work for it.
"KN Energies is a company of strategic importance to Lithuania, and the opportunity to contribute my experience and expertise to create value and achieve national strategic objectives is a huge motivating factor for me. I am also inspired by the company's ambitious international expansion goals and the search for new business opportunities in the logistics value chains for more sustainable energy and fuels," says the new CFO of KN Energies.
KN is an international energy terminal operator that provides safe and reliable flows of liquid energy, loading of chemicals and raw materials for consumers of the Baltics region, while providing clients around the world with the knowledge and skills to develop infrastructure projects of sustainable energy. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampole, and is the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. KN also provides commercial operation services for four floating LNG terminals of Germany.
T. Tumėnas brings over 30 years of experience in various financial activities, including treasury, investment appraisal, mergers and acquisitions, and risk management. He served as the CFO of AB Linas Agro Group (now AB Akola group) for nearly 20 years and currently serves as the Chairman of the Supervisory Board of the group. Additionally, he holds the position of CEO at Baltic Fund Investments, Akola aps., and Darius Zubas Holding, where he is also a member of the Management Board. Mr. Tumėnas is a member of the Boards of the State Enterprise Regitra, the State Investment Management Agency (VIVA), and the Supervisory Board of the credit union Saulėgrąža.
The new CFO of KN Energies holds a Master's degree in Economics from Vilnius University and a Master's degree in Finance from Manchester University.
In 2016, he was ranked as the best CFO in Lithuania.
"I am delighted that T. Tumėnas is joining the KN team. His expertise, along with his strong experience in international corporate governance and financial management of a listed company, will be of great value to our company. We are consistently pursuing our strategic direction to be the first choice for customers developing LNG terminals around the world, and we have the ambition to become a leader in the Baltic region by 2050 in storing and transporting new sustainable forms of energy. I believe that T. Tumėnas' experience fits well with our commitment to remain an important part of the future energy supply and value chains, while continuing to successfully create value in the energy sector, both in terms of energy security and financial returns for shareholders and Lithuania," notes Darius Šilenskis, CEO of KN Energies.
Prior to joining KN Energies, T. Tumėnas held the position of CFO at the international company Corporation of European Pharmaceutical Distributors N.V. (CEPD), which operates the third-largest pharmacy chain in the European Union and has more than 1500 pharmacies in Poland, Lithuania, and Sweden.
T. Tumėnas states that one of the reasons why he decided to join KN Energies was his desire to return to Lithuania and work for it.
"KN Energies is a company of strategic importance to Lithuania, and the opportunity to contribute my experience and expertise to create value and achieve national strategic objectives is a huge motivating factor for me. I am also inspired by the company's ambitious international expansion goals and the search for new business opportunities in the logistics value chains for more sustainable energy and fuels," says the new CFO of KN Energies.
KN is an international energy terminal operator that provides safe and reliable flows of liquid energy, loading of chemicals and raw materials for consumers of the Baltics region, while providing clients around the world with the knowledge and skills to develop infrastructure projects of sustainable energy. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampole, and is the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. KN also provides commercial operation services for four floating LNG terminals of Germany.
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