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Lithuanian LNG terminal begins capacity allocation

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LNG Industry,


The developer and future operator of the Lithuanian LNG terminal, SC ‘Klaipedos Nafta’ has started LNG terminal capacity allocation, also known as ‘open season’.

This open season will cover the first contracts for LNG regasification and/or reload services. It will be concluded in June-July, while the capacity will be allocated annually.

As the terminal’s activity progresses, unallocated capacities will be regularly updated and will be available for booking at any time according to technical possibilities.

The LNG terminal offers users the opportunity to acquire terminal capacities, which include: birthing right to the LNG terminal, loading of LNG into the terminal, temporary storage of LNG until it is regasified or reloaded into small scale LNG vessels, regasification and/or reloading LNG into small scale LNG vessels.

Priority will be given to the LNG regasification activity. Terminal operations are scheduled to start from the end of this year.

Rokas Masiulis, CEO of SC ‘Klaipedos Nafta’, said: “[The] LNG terminal project is rapidly moving forward and gaining sharper contours. FSRU (floating storage regasification unit) is already built, the infrastructure works are carried out according to plan, and now we start another major milestone – the terminal’s capacity allocation. The terminal will also have a third-party access and will be open to all global LNG market participants who may from today reserve terminal’s capacity for regasification, temporary storage of LNG and reload operations. We sincerely hope to meet the market’s expectations and to develop reliable and strong partnership with our clients.”

The gas market in Lithuania is regulated by National Control Commission for Prices and Energy (NCCPE), the terminal usage rules have been approved and made public by the NCCPE and SC ‘Klaipedos Nafta’.


Adapted from press release by

Read the article online at: https://www.lngindustry.com/regasification/30042014/lithuanian_lng_terminal_begins_capacity_allocation_508/


 

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