Post by KN Energies

KN Energies has completed the long-term allocation procedure for Klaipėda LNG terminal regasification capacities for 2033–2044. ⚓   During the procedure, the majority of the offered capacities were allocated – more than 20 TWh in total: 8 TWh until 2044 inclusive and a further 12 TWh until 2040.   Long-term capacities were booked by five customers: Lithuania’s Ignitis Group, Latvia’s Latvenergo AS, Norway’s Equinor, as well as two new terminal customers – Finland’s Gasum and Naftogaz of Ukraine. 🤝   Minister of Energy Zygimantas Vaiciunas commented: “Long-term Klaipėda LNG terminal capacity allocation results once again confirm the strategic importance of this infrastructure for the energy security of the Baltic region and Europe as a whole. It is particularly important that, for the first time, we see both Ukraine’s Naftogaz and Finland’s Gasum among the long-term customers. This is a clear signal of trust in Lithuania’s energy infrastructure and of the terminal’s expanding role from the Baltic region to Northern Europe and Ukraine. It strengthens regional energy resilience and contributes to long-term supply diversification across Europe.”   Speaking at the opening of the Baltic LNG & New Energies Forum Klaipėda, Darius Šilenskis, CEO of KN Energies, noted: “The results of this procedure finally confirm that the decision taken more than 15 years ago to have an LNG terminal in Klaipėda was, is, and will remain the right choice. We are pleased that demand for the terminal’s services remains relevant in the long-term perspective until 2044 and is expanding geographically. This also reflects the strategic partnerships that the Klaipėda terminal has consistently developed over more than a decade of operations.”   Taking into account the results of this procedure, as well as the 4 TWh package of long-term capacities until 2044 allocated in 2023, the total utilisation of the LNG terminal will reach around 75% of the terminal’s nominal capacity.   🔗 To read more, see the link in the comments.