• 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 January 17

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15:34 CMA CGM strengthens its customer offer
14:29 GTT obtains AiP from BV for the NO96 containment system application as LNG fuel tank for ULCVs
13:42 Poty of Los Angeles cargo reaches 9.2 million TEUs in 2020
12:16 OOCL presents 2021 Ocean Alliance products
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2021 January 16

15:39 New ship Silver Dawn floats out in Ancona.
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12:49 DuPont Clean Technologies to develop scrubbing project with BELCO® technology to control the emissions of Empresa Nacional de Petróleo (ENAP)
10:35 Hapag-Lloyd announces blank sailings on Europe - Asia trade
09:11 Golar LNG and Stonepeak Infrastructure Partners to sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy

2021 January 15

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18:04 New Speakers and Sponsors announced for Unmanned Maritime Systems Technology virtual conference
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17:38 Diana Shipping announces increase in tender offer price for its shares of common stock and extension of expiration date
17:29 OCEAN Alliance Day 5 Product signing ceremony
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17:03 The effects of the coronavirus epidemic prevention regulations on Finnlines passenger traffic
16:42 Launching of Viking Glory slated for Jan 26
16:28 Carisbrooke Shipping and SMT Shipping partner with Nautilus Labs for collaboration to optimize fleet performance
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15:17 USCG cutter Joseph Gerczak to increase maritime presence in Pacific
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10:56 Turnover of DeloPorts terminals grew by 36% in 2020
10:32 MABUX: Bunker market this morning, Jan 15, 2021
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09:55 Bunker prices show no significant changes at the Port of Saint-Petersburg, Russia (graph)
09:34 Crude oil prices continue decreasing in expectation of COVID-19 related lockdowns to affect the demand
09:19 Baltic Dry Index as of January 14

2021 January 14

18:25 Throughput of Russian seaports in 2020 fell by 2.3% Y-o-Y
18:03 Torvald Klaveness First Steamship joins Baumarine by MaruKlav
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17:31 Wärtsilä SmartMove Suite sets sail with the American Steamship Company
16:47 Marine Administration of the Russian Federation extends validity of seafarers’ documents
16:23 CMA CGM announces Empty Equipment Imbalance Surcharge for cargo from North Europe, United Kingdom, Baltic States, Scandinavia & Russia to Nigeria
16:18 Bunker Outlook, Jan 14, 2020
16:03 Contecon Manzanillo caps off 2020 with 1M TEU milestone
15:55 Enhanced requirements for shore-based personnel boarding vessels in the Port of Singapore
15:41 Dredging fleet of Rosmorport’s Astrakhan branch expanded with dredging convoy
15:23 Equinor selected for largest-ever US offshore wind award
15:03 Konecranes makes first UK installation of S-series crane
14:44 Bunker prices increased in the Far East ports of Russia (graph)
14:22 Abu Dhabi Ports to provide container transportation services between Musaffah-based facility and Khalifa Port
14:03 North Sea Port feels reports 63.5 million tons of cargo transhipment from maritime shipping in 2020
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12:48 Throughput of Sovetskaya Gavan port surged by 83% in 2020