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KN releases LNG results for March 2019

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LNG Industry,

AB Klaipedos Nafta (KN) has released its latest preliminary LNG activity and revenue results.

In March 2019 KN’s LNG terminals regasified and reloaded 96 000 MWh of natural gas, 81.1% less compared to the same period of 2018 (509 000 MWh). In the second part of February LNG regasification had been temporary stopped due to the maintenance of LNG terminal. Regasification resumed from the end of March. During the first three months of 2019 the company in total regasified and reloaded 740 000 MWh of the natural gas (during the same period of 2018 – 1.1 million MWh).

The preliminary sales revenue of the company’s LNG terminal for March 2019 comprised €5.6 million (during the same period of 2018 – €4.7 million). Revenue consists of the regasification tariff fixed part (for booked annual capacities) and variable part for the amount of regasified LNG as well as and reloading tariffs. The preliminary revenue of the LNG terminal for the first three months of 2019 comprised €18.1 million, a 9% increase from that of than the same period of 2018 (€16.6 million).

KN’s total preliminary sales revenue in January – March of 2019 amounted to €26.3 million, less by 5.4% compared to the same period of 2018 (€27.8 million).

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LNG project news LNG import news Current LNG projects