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AB Klaipedos Nafta announces January results

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LNG Industry,

In January 2018 AB Klaipedos nafta has reloaded 776 000 t of petroleum products in Klaipeda and Subacius oil terminals (increase by 24.2% compared to January 2017, when 625 000 t were reloaded).

In January 2018 the company's LNG terminal has regasified and supplied to the natural gas transmission system 253 000 MWh of natural gas, while in January 2017 – 785 000 MWh. The volume decreased due to lower capacities ordered by the terminal users and the fact that in January 2018 there were no LNG reloading activities (while in January 2017 166 000 MWh of LNG were reloaded).

The preliminary sales revenue of the company's oil terminals' for January 2018 amount to €4.2 million and are higher by 50% compared to the same period of 2017 (€2.8 million).

The preliminary sales revenue of the company's LNG Terminal for January 2018 amount to €5.3 million (January 2017 - €7.8 million). Revenue consists of the one twelfth of the regasification tariff for booked annual capacities approved by the National Control Commission for Energy Control and Prices for 2018 and the regasification tariff for amount of regasified LNG. Revenue for January 2017 was higher by €2.2 million due to adjustment of actual booked gas capacities for 2016. Adjustment for actual gas capacities for 2017 are not calculated and has not been recorded yet.

Total preliminary sales revenue of the company in January 2018 amount to €9.5 million (January 2017 was €10.6 million).

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