• 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

17:19 Coast Guard, TCI Police rescue 159 people off Turks and Caicos
16:49 Svitzer Australia takes delivery of second of three new tugs for Mid West Ports and Port of Geraldton
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
10:49 Hapag-Lloyd announces PSS on Turkey and Greece to USA trade

2021 January 16

15:39 New ship Silver Dawn floats out in Ancona.
14:31 Signing of MoU in relation to 2 units of 250 feet crane barges
13:28 CMA CGM to apply FAK rates for North Europe to Gulf and Red Sea trade
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

18:15 Organic fertilizers and biogas from biowaste in the Helsinki region – commercial use of the Lohja biogas plant started up
18:04 New Speakers and Sponsors announced for Unmanned Maritime Systems Technology virtual conference
17:51 High reliability of Limburg Express requires expansion
17:41 Gulf of Guinea records highest ever number of crew kidnapped in 2020, according to IMB’s annual piracy report
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
17:08 i4 Insight partner with FNT to integrate Condition Monitoring service
17:06 Throughput of Rostov-on-Don port in 2020 grew by 13% Y-o-Y
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
16:01 Tallink Grupp appoints new Managing Director for Swedish subsidiary Tallink Silja AB
15:17 USCG cutter Joseph Gerczak to increase maritime presence in Pacific
14:47 First steel cut for new Carnival Celebration, next Excel-class ship set to debut from PortMiami in 2022
14:22 Zvezda Shipyard starts cutting steel for third MR product carrier
13:57 Bunkering of a new-generation LNG-powered container ships begins in Rotterdam
13:26 Holland America Line opens bookings for Europe 2022 cruises - four ships span the region on itineraries ranging from 7 to 21 days
13:08 SCF takes delivery of new LNG carrier to expand long-standing partnership with Shell
12:49 Anatoly Meshcheryakov appointed as Director of Transport Department
12:34 BW Offshore: Incident on FPSO Espoir Ivoirien
11:21 Sakura Kuma named as new managing director of APM Terminals Japan
10:56 Turnover of DeloPorts terminals grew by 36% in 2020
10:32 MABUX: Bunker market this morning, Jan 15, 2021
10:04 Jinling hands over Grimaldi Group’s second GG5G Class hybrid ro-ro
09:57 Biggest Dutch project for CO2 reduction, Porthos, is on schedule
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
17:48 Exports of Transneft oil via seaports fell by 21.3%
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
13:40 Port of Riga saw cargo structure changes in 2020
13:23 Kalmar’s straddle carrier technology to enhance operational capabilities at Iles de la Réunion
13:21 Port Houston annual container volumes near record in December 2020
12:48 Throughput of Sovetskaya Gavan port surged by 83% in 2020