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KN release September 2018 LNG results

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LNG Industry,

In September 2018 AB Klaipedos Nafta’s LNG terminal regasified and reloaded 1.1 million MWh of natural gas. In the same period of 2017, 1.9 million MWh were reloaded. During the first nine months of 2018 the company in total regasified and reloaded 7.1 million MWh of natural gas (during the same period of 2017 – 10.6 million MWh).

The preliminary sales revenue of the company’s LNG terminal for September 2018 amounted to €5.4 million (September 2017 – €5.6 million). Revenue consisted 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 nine months of 2018 comprised €48.5 million (lower by 6.2% compared to the same period of 2017: €51.7 million).

Total preliminary sales revenue of the company in the first nine months of 2018 totalled €75.7 million (a 4.8% reduction compared with the same period of 2017 – €79.5 million).

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