Page 22 - GLNG Week 40

GLNG NEWS IN BRIEF GLNG

Lithuania’s KN January- starting from 2020. Bay, north of the Gallipoli Peninsula in
The facility will be operational in Saros
Revenue from oil handling operations
September revenue down edged down by 0.4% y/y to €23.8mn, and the northwestern Turkey by 2021, state-run news
service Anadolu Agency reported, quoting
LNG terminal’s revenue plunged by 38.5% to
24% to €58.5mn €32.7mn in January to September. Deputy Energy and Natural Resources
The state owns 72.34% of shares in
Minister Alparslan Bayraktar.
Lithuania’s state-run oil product and LNG Klaipedos Nafta, which is quoted on the “Ensuring Turkey’s natural gas supply
terminals operator Klaipedos Nafta (Klaipeda blue-chip Main List of the Nasdaq Vilnius security and improving the infrastructure
Oil) saw its revenue for January-September Stock Exchange, and Achemos Grupe holds a is very important. We have two FSRUs, one
shrink by 24.2% year on year to €58.5mn. 10.41% stake. in Aliaga in Izmir province and in Hatay-
Monthly revenue for September decreased Dortyol [on the Mediterranean coast]. Our
by 23.8% from a year earlier to €6.4mn, MIDDLE EAST efforts are ongoing for the third that will be in
according to the preliminary results released Saros Bay. It will be connected to our system
on October 7. Turkey to expand LNG next year,” Bayraktar said.
According to KN, the main factor that Turkey’s first FSRU was launched in Aliaga
influenced the total company’s revenue storage capacity with third in December 2016.
result in January-September, 2020 was lower The second FSRU, with a 20mn cubic
revenue of Klaipeda LNG terminal, following floating unit metre send-out capacity per day, was put into
from Klaipedos Nafta’s decisions, adopted in service in Hatay-Dortyol in early February
2019, to optimise the costs of the Klaipeda Turkey plans to expand its LNG storage 2018.
LNG terminal and reduce the cost of LNG capacity by adding a third floating storage and
terminal infrastructure for consumers, regasification unit (FSRU).

P22 www. NEWSBASE .com Week 40 09•October•2020