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Lithuania’s Klaipeda LNG reports a
48% increase in terminal use in 1H20
PERFORMANCE THE use of Lithuania’s Klaipeda LNG terminal market, when many European gas storage facili-
went up by 5 percentage points (pp) to 48% in ties are maximally filled and the cargos of the US
the first half of this year compared to the same producers were available to market participants
period of 2019, with the terminal’s operational at attractive prices.
efficiency steepening for the second consecutive During the current gas year, lasting from
year. October 2019, 49 gas vessels arrived at the LNG
Klaipedos Nafta (Klaipeda Oil), operator of terminal as of July 1, and another 21 gas vessels
the Klaipeda LNG terminal, says 35 LNG vessels are expected by the end of the gas year, according Of all the six US
were moored in Klaipeda port in January-June, to Klaipedos Nafta. During this period, 2.4mn
which is the highest number since the start of the cubic metres of LNG or 15.2 TWh of natural LNG shipments
terminal’s operation in 2014. gas were delivered through the Klaipeda LNGT
“That’s almost double from the first half of last when the total consumption of natural gas in delivered to
year when gas supply from the terminal made Lithuania during this period was 17.3 TWh –
43%. Obviously, having compared the global more than 87% of the natural gas was supplied Klaipeda LNG
prices of pipe-supplied and LNG prices, import- through the LNG station. during its six-year
ers decided to buy more of the latter,” Jurgita The Klaipeda LNG terminal looks forward to
Silinskaite-Vensloviene, acting director of com- launching the gas connection GIPL with Poland history, notably
merce at Klaipedos Nafta, is quoted as saying. in 2022, which will be a competitive tool to
Around 60% of the LNG came from Nor- supply LNG to Ukraine, Belarus and other EU four came to the
way, 26% was supplied from the US, and gas Eastern Partnership countries that see the per-
shipments brought by small vessels from Russia spectives of LNG use in industry, transport and port this year.
made up the rest. other sectors.
Of all the six US LNG shipments delivered to In early June, Klaipedos Nafta allocated
Klaipeda LNG during its six-year history, nota- LNG terminal capacities for the new gas year.
bly four came to the port this year, Klaipedos Two customers, Ignitis, Lithuania’s state-con-
Nafta said. The US has moved to third place as trolled energy company, and fertiliser producer
Europe’s biggest supplier of LNG. Achema, have signed agreements for the regasi-
Arunas Molis, CEO of Klaipedos Nafta, said fication capacity of 8.4 TWh of LNG. As a com-
that the intensification of US LNG imports was parison, 5 TWh was allocated during last year’s
due to an extraordinary situation in the LNG annual capacity allocation procedure.
P16 www. NEWSBASE .com Week 29 24•July•2020