• 2017 June 26 17:51

    Gas from Lithuanian LNG terminal will be stored in the Latvian Inčukalns storage facility for the first time

    The liquefied natural gas (LNG) terminal in Klaipėda operated by KN is likely to accept LNG from the USA for the first time this summer and the user of the LNG terminal, UAB Lietuvos dujų tiekimas, plans to store part of the LNG to be acquired this summer in the Latvian Inčukalns natural gas storage facility for the first time.

    KN says natural gas supply and trading company Lietuvos dujų tiekimas, which signed an agreement regarding the supply of LNG with the US company Cheniere Marketing International, buys liquefied natural gas through the LNG terminal in Klaipėda.

    “The agreement with this US company is not accidental: long and patient work on the level of both the Government and Lithuanian companies has brought concrete results. I can boldly call this a historic moment. It proves that Lithuania has a possibility to import gas from all over the world and offer a competitive price for it to the entire region. It is also historical that it is the first time when LNG brought through Klaipėda is planned to be stored in Inčukalns natural gas storage facility in Latvia, where the gas market was liberalised just a few months ago. Having eliminated dependence on the sole gas supplier which has led to saving millions while not overpaying for Russian gas, the LNG terminal in Klaipėda continues to prove that it has very good and improving prospects and brings tangible benefit to natural gas consumers in the Baltic states,” says Minister of Energy Žygimantas Vaičiūnas.

    “Another historic step has also been made. The agreement signed with one of the major US gas trading companies is a proof that the Lithuanian LNG terminal has enabled market participants to find the most favourable gas import sources and natural gas may reach our region from all over the world. The LNG import terminal in Lithuania is an open access infrastructure platform that encourages optimal usage of the entire gas infrastructure operated by the Baltic states and creation of an efficient supply chain – this is proved by the intentions to store part of the LNG cargo in Inčukalns storage facility,” emphasises KN CEO Mindaugas Jusius.

    This year has been exceptional for the Lithuanian LNG terminal. It has started with an important event when LNG was for the first time reloaded from a floating storage terminal in Klaipėda into a small-scale transportation gas carrier and transported into a land-based LNG distribution station in Scandinavia. In 2017, for the first time during almost three years of operation of the LNG terminal, even 3 terminal users booked terminal capacities during the advanced annual procedure of terminal capacity allocation, thus ensuring the provision of services in the forthcoming gas year.

    “This year is very significant for the LNG terminal in Klaipėda in terms of diversification of its operations and gas supply. At the beginning of the year, LNG was reloaded into a small-scale LNG gas carrier for the first time, at present we have the first LNG from the US company, and the LNG distribution station testing and the start of operations is scheduled in autumn. All this creates additional benefits to our consumers, since it does not only increase the LNG terminal competitiveness, but also determines more competitive gas prices for consumers through reduction of LNG supply costs,” states Mr. Vaičiūnas.

    Flexibility of the services provided by the LNG terminal based on the third-party access principle provides all natural gas market participants with the opportunity to order capacities with regard to arising needs and possibilities in the global spot contract LNG market.

2021 September 20

12:05 NAVTOR boosts development muscle with new base in Poland
10:51 New study reveals vessels using Jotun HPS reported 20% lower carbon intensity in operations
10:12 4th International Conference “Development of Icebreaking and Support Fleet“ kicked off in Saint-Petersburg
09:41 Crude oil prices decrease as oil production resumes in the Gulf of Mexico
09:35 San Pedro Bay Ports announce new measures to speed cargo throughput
09:27 MABUX: Global bunker market is in a stable state on Sep 20
09:13 Baltic Dry Index as of September 17

2021 September 19

15:23 Austal names Rusty Murdaugh as Austal USA President
14:17 Parkwind selects Port of Mukran to become the O&M base for Arcadis Ost 1 wind farm
13:04 Babcock sells first new frigate design licence to Indonesia
11:37 USC repatriates 22 migrants to Cuba
10:56 South Louisiana ports advocate for federal aid post Hurricane Ida

2021 September 18

15:07 Energy-saving investments clear the way for shore-based power
13:49 GROUPE IDEC is developing the first XXL energy - positive activity park in Europe
12:41 IMOCA extends relationship naming Iridium and Thales as official communications partners
11:37 Tanguy de Lamotte will spearhead electric boat revolution in the US
10:49 Industry alarmed as spat between governments threatens investment in Scottish ports – BPA

2021 September 17

17:49 New radar post to increase navigation safety in the seaport of Kaliningrad
17:26 Svanehøj acquires Wärtsilä Tank Control Systems
17:06 Navigator Gas awarded DNV AiP for new ammonia fuelled gas carrier design
16:47 Zelenodolsk Plant named after M. Gorky launches small-size missile ship Grad
16:31 PIL launches new South China to India West Coast Service - South China India Express
16:05 De Beers’ latest diamond recovery vessel departs Damen Shipyards Mangalia for Southern Africa
15:46 Port of Melbourne CEO announces retirement
15:25 Transneft Baltic holds large-scale firefighting and tactical drills at Ust-Luga Oil Depot
14:18 Grain traders to address RF Ministry of Agriculture and ask it revise grain export duty calculation system
13:27 Rostov Grain Terminal handled 80,000 tonnes of grain in August 2021
12:10 APM Terminals Poti marks two years without injury and celebrates its safety culture
11:56 Vitol’s V-Bunkers to bring electric-hybrid bunker tankers to Singapore harbour
11:05 ABS and DSME to develop very large liquefied CO2 carrier
10:55 DP World to invest £300m in new fourth berth at London Gateway logistics hub
10:34 Severnaya Verf shipyard launches third processing trawler of Project 170701, Kapitan Ostashkov (video)
09:58 The Port of Calais officially inaugurated
09:26 Crude oil market sees downward price correction
09:23 MABUX: No firm trend is registered on global bunker market on Sep 17
09:09 Baltic Dry Index as of September 16

2021 September 16

18:35 Boskalis completes EUR 100 million share buyback program
17:30 Construction of port Lavna kicked off in Murmansk Region
17:21 APM Terminals opens first “Fast Corridor” between Vado Ligure reefer terminal and inland customers in Italy
17:05 Wärtsilä cloud simulation now available on-demand via OTG’s Ocean Learning Platform
16:41 Evergreen’s Ever Ace with WinGD’s large bore X92 bore size engines crossed the Suez Canal
16:14 The new Port of Calais officially inaugurated after six years of construction
15:45 Southampton’s newest cruise terminal officially opened
15:35 Organizers of International Conference “Development of Icebreaking and Support Fleet“ offer the event programme
15:14 Dublin Port publishes Port Infrastructure Charges Pricing Strategy 2022 to 2026
14:53 Port of Oakland beef export volume up 25 percent in Jan - July 2021
14:37 UK ports welcome public support for clean maritime projects
14:26 IVECO and Nikola sign MoU with Hamburg Port Authority for zero-emission Class 8 battery-electric trucks
13:40 SMM Maritime Industry Report (MIR) shows industry on track for sustainability
13:16 MABUX: Bunker Weekly Outlook, Week 37, 2021
13:02 Port of Los Angeles cargo volume exceeds 954,000 TEU in August 2021
12:11 Sharrow Marine announces plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program
11:47 TransContainer arranged transit transportation from Korea to Turkey via Far East and Novorossiysk ports
11:24 DOF Group announces new contracts in Brazil
11:02 Cargo-passenger ferry Pavel Leonov arrived at Korsakov, the ship’s homeport
10:38 Capacity of Vostochny Port’s multipurpose complex to be raised to 117,000 TEUs per year
10:21 Norwegian Ministry of Petroleum and Energy sees great interest in the Norwegian continental shelf
10:13 DFDS acquires ICT Logistics
09:49 Crude oil prices continue rising driven by data on reduction of reserves
09:30 Maersk acquires a Portuguese cloud-based logistics start-up HUUB