Skip to main content

KN releases results for December and year 2019

Published by
LNG Industry,


AB Klaipedos Nafta (KN) has released its preliminary activity and revenue results for December and year 2019.

In December 2019, KN’s LNG terminals regasified and reloaded 2.19 million MWh of natural gas. During the 12 months of 2019 the company in total regasified and reloaded 20.23 million MWh of natural gas. Compared to the same period of 2018 (9.21 million MWh), in 2019 handling increased by 119.7% (11.02 million MWh).

The preliminary sales revenue of the company’s LNG terminals for December 2019 comprised €6.2 million (during the same month of 2018 – €5.3 million). 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 2019 comprised €72.0 million, an increase of 11.6% compared to the same period of 2018 (€64.5 million). Higher revenue influences the reduction of security supplement for the next periods.

The total preliminary sales revenue of the company for January – December 2019 amounted to €103.9 million, an increase of 3.9% compared to the same period of 2018 (€100.0 million).

Read the article online at: https://www.lngindustry.com/regasification/08012020/kn-releases-results-for-december-and-year-2019/

You might also like

 CryoTech 2020

CyroTech 2020

Professionals in the LNG sector can tune in from anywhere in the world and learn about the cutting-edge technology and the latest innovations in cryogenics – a fundamental component of the industry.

Register for your free space today »

 

LNG Industry Spotlight with Watlow

LNG Industry Editor, Lydia Woellwarth, sat down with Dennis Long, Director of Global Marketing, Energy and Environmental Technologies at Watlow to discuss Watlow’s recent article in LNG Industry.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news LNG import news Current LNG projects