Page 18 - GLNG Week 36

GLNG NEWS IN BRIEF GLNG

AUSTRAL ASIA solution is its ability to work harmoniously revenue for the year’s January-August tumble
and cost-effectively with variable wind and 24.5% year on year to €52mn.
EVOL LNG to supply LNG solar generation. slumped down by 29.5% y/y to €6.2mn,
Monthly revenue for August at KN
“We are very proud to contribute to this
to new low-emission exciting project and support both Horizon according to the preliminary results released
on September 7.
Power and the Esperance community to
Esperance power station produce reliable, low-emissions power,” said revenue of the Klaipeda LNG terminal,
KN said that behind the fall was the lower
Nick.
EVOL LNG is pleased to announce that it has LNG will be transported from a production following Klaipedos Nafta’s decisions, adopted
been selected to be the long-term supplier of facility located in Kwinana, owned by EVOL in 2019, to optimise the terminal’s costs
liquefied natural gas (LNG) as part of a project LNG parent company, Kleenheat, and stored and reduce the cost of the LNG terminal
to generate cleaner electricity for Esperance. in a custom-built storage and vaporisation infrastructure for consumers starting from
EVOL LNG is a Western Australian facility that can hold enough LNG to power 2020.
business and one of the nation’s leading the town for 25 days. LNG is natural gas, the Revenue from oil-handling operations
providers of LNG for remote power same that is piped into residential homes to edged down by 1.9% y/y to €21.1mn, and the
generation and marine transport. The business power stoves or gas heaters. LNG terminal’s revenue plunged by 38.5% to
has been safely and reliably supplying remote EVOL LNG, September 03, 2020 €29.1mn.
power stations throughout Western Australia The state owns 72.34% of shares in
for more than 12 years. Klaipedos Nafta, which is quoted on the
The supply agreement with regional EUROPE blue-chip Main List of the Nasdaq Vilnius
electricity supplier, Horizon Power, forms Stock Exchange, and Achemos Grupe holds a
part of the Esperance Power Project aimed Lithuania’s KN sees 10.41% stake.
at reducing the town’s carbon footprint and Klaipeda seaport, where KN operates,
emissions by 50%. The project involves revenue down 24.5%, has been wary of the political situation
the construction of a new power station in neighbouring Belarus, as Belarusian
fuelled by LNG as well as other clean energy Belarus is key for Klaipeda shipments, at some 14.1mn tonnes last year,
infrastructure, including a 9MW wind farm made up over 30% of Klaipeda seaport’s total
and a 4MW solar farm. seaport handling volume. Algis Latakas, the new
EVOL LNG Manager Nick Rea said the CEO of the port, has said that the Belarusian
project demonstrates the role of LNG in Lithuania’s state-run oil product and liquefied shipment flow is stable so far.
complementing high-penetration renewables. natural gas (LNG) terminals operator
“The key advantage of EVOL LNG’s Klaipedos Nafta (Klaipeda Oil, KN) saw its

P18 www. NEWSBASE .com Week 36 11•September•2020