Page 20 - GLNG Week 45

GLNG NEWS IN BRIEF GLNG

EUROPE maintenance costs among its users. MIDDLE EAST
KN has allocated 8,363,500,000 kWh in
Lithuania says international regasification capacities for its users from 1 ADNOC signs LNG supply
October, 2020 until the 30 September, 2021.
experts will advise on FSRU KN disclosed it had signed contracts with two deals with Vitol and Total
customers – Lithuania’s state-owned electricity
acquisition and gas supply company Ignitis, and Achema. UAE state oil company ADNOC on
Two Estonian companies – Eesti Energia and
November 11 said it had signed a six-year deal
Lithuania’s Klaipedos Nafta (KN), operator of Elenger (Eesti Gaas), are believed to be among to supply energy trader Vitol with LNG, and a
the oil and LNG terminal in Klaipeda seaport, its clients too. two-year contract to serve France’s Total with
announced in November that it had selected Although the Klaipeda LNG terminal is the super-chilled gas.
the winners of commercial, legal and technical used by foreign companies, Lithuania has not Vitol will get 1.8mn tonnes per year of
services, who will advise the company on signed a political agreement as to how split LNG after 2022, while Total will get 0.5mn tpy
the selection of the most economically the costs with the countries of their registry, in 2021 and 2022.
and technologically advantageous floating including Estonia. “We are pleased to partner with both Vitol
storage and regasification unit (FSRU) and its KN has previously announced that “for the and Total on these major deals as they will
operating model. They are as follows: Holman implementation of the LNG long-term import create reliable, long-term benefits for our
Fenwick Willan LLP – HFW (legal experts), solution project in Lithuania, the law provides company and shareholders,” ADNOC LNG
Quality Energy Developments Consulting Ltd for clear time frames and we must select and CEO Fatema Al said.
– QED (commercial experts) and DNV GL operate the FSRU by the end of 2024, when
AS (technical experts). the FSRU lease contract with Norway’s Hoegh
Behind the decision lies KN’s LNG expires.
determination to come up with a more cost-
reflective tariff model in sharing the terminal

P20 www. NEWSBASE .com Week 45 13•November•2020