Klaipedos Nafta signs contracts with three terminal users

The capacity of the terminal has been pre-booked by AB Achema, UAB LITGAS and UAB Lietuvos duju tiekimas.

KN claims that this is the first time in nearly three years of the terminal’s operation that up to three terminal users have reserved capacities in advance during the preliminary annual terminal capacity allocation procedure, and have therefore secured their gas delivery services over the coming gas year.

KN claims that the three companies have reserved the terminal’s capacity and, according to the particular amounts reserved during the preliminary procedures, plan to import 11 conventional LNG cargoes.

Mindaugas Jusius, General Manager of AB Klaipedos Nafta, said: “KN announced its preliminary process in accordance with the annual LNG terminal capacity allocation procedure, since market participants plan part of their take-up of goods in advance, and they order the rest of the LNG terminal capacity during the gas year. The flexibility of the LNG terminal’s service provision on the principle of access to third parties provides opportunities to order additional capacity as the need arises, dictated by the spot market, which our terminal customers have so far used successfully. The fact that three users have reserved terminal capacity at the same time is proof that these services are used by Lithuanian gas consumers. This is a clear factor for all the Baltic Sea region countries and market participants, the fact that an LNG terminal operates in Lithuania, providing not only accessible service provision, and an efficient logistics chain, but also creating the necessary conditions for the importation of natural gas on competitive terms.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09062017/klaipdos-nafta-signs-contracts-with-three-terminal-users/