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KN announces November 2018 LNG results

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LNG Industry,

AB Klaipedos Nafta has released preliminary activity and revenue results for November 2018.

In November 2018 the company’s LNG terminal regasified and reloaded 841 000 MWh of natural gas. In the same period of 2017 527 000 MWh were reloaded. During the first eleven months of 2018 the company re-gasified and reloaded a total of 8.65 million MWh of natural gas (during the same period of 2017 – 12.18 million MWh).

The preliminary sales revenue of the company’s LNG terminal for November 2018 comprised €5.3 million. This marks a decline of 3.6% from November 2017 revenue which comprised €5.5 million. Revenue consists of the regasification tariff fixed part (for booked annual capacities) and variable part for amount of regasified LNG as well as and reloading tariffs. The preliminary revenue of the LNG terminal for the first 11 months of 2018 comprised €59.2 million, lower by 5.6% compared to the same period of 2017 (€62.7 million).

Total preliminary sales revenue of the company in the first 11 months of 2018 amounted to €91.9 million, a reduction of 4.7% compared to the same period of 2017 (€96.4 million).

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