AB Klaipedos nafta (KN) has released its preliminary activity and revenue results for the October 2019.
In October 2019, the company’s LNG terminals regasified and reloaded 2.7 million MWh of natural gas. During the first 10 months of 2019 the company in total regasified and reloaded 15.3 million MWh of natural gas. Compared to the first 10 months of 2018 (7.5 million MWh), during the same period in 2019 handling increased by 95.8%, or by 7.8 million MWh.
The preliminary sales revenue of the company’s LNG terminals for October 2019 comprised €6.4 million (during the same month of 2018 – €5.4 million). The LNG terminal’s revenue consists of the regasification tariff fixed part (for booked annual capacities), variable part for amount of regasified LNG, reloading revenues and other consultations. The LNG terminal revenue level (for booked annual capacities) does not depend on regasification volume. Revenue is confirmed by the National Energy Regulatory Council (NERC (NCECP before 1 July)) based on the approved methodology of State regulated prices in the natural gas sector and is calculated for the whole upcoming year. The preliminary revenue of the LNG terminals for the first 10 months of 2019 comprised €59.7 million – an increase of 10.8% compared to the same period of 2018 (€53.9 million).
Total preliminary sales revenue of the company in January – October of 2019 has amounted to €85.9 million. This figure is 2.6% higher than the figure recorded in the same period of 2018 (€83.7 million).
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08112019/kn-releases-activity-and-revenue-results-for-october-2019/