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  • 2019 June 6 11:25

    IMLITEX joins the list of Klaipėda LNG terminal clients

    The favourable situation on the international gas markets determine not only the most intensive operation in the history of Klaipėda LNG terminal, but also enhances the range of the terminal’s clients. At the end of May, a new client started to use the services of the Klaipėda LNG terminal. This client is UAB Imlitex, which belongs to the major Lithuanian raw materials trading group IMLITEX HOLDINGS.

    UAB “Imlitex” ordered the regasification capacity of the terminal amounting to 964 thousand MWh. It is planned that the LNG cargo purposed for this company will reach Klaipėda in the coming weeks.

    “We are an independent supplier of natural gas and we provide services to industrial companies not only in Lithuania, but also in other Baltic States. In the context of the favourable market situation, we have acquired an LNG cargo, part of which will be sold in the wholesale market, and the other part will be left for the natural gas portfolio diversification. We pursue to become one of the leading suppliers in the Baltic gas market, therefore, we will further create added value for our clients by being flexible in the supply business and by adjusting the pricing to best meet it needs. In this process of cargo acquisition, we appreciate the contribution of users of the KN terminal as well as of other terminals, therefore, in the future, we are planning to perform the LNG supply to the Baltic States through the terminal in Klaipėda,” claims Dominykas Kryževičius, gas trade business manager of UAB Imlitex.

    “The concluded agreement with the third user of Klaipėda LNG terminal demonstrates that we have drawn the attention of business to the focus of KN on the supply of more flexible and efficient LNG loading and regasification services. We respond to the rapidly changing situation in the international LNG markets; therefore, we cooperate with business and we find technological and planning solutions, which best meet their expectations,” said Arūnas Molis, head of Klaipėda LNG Service of KN, the operator of oil products and liquefied natural gas terminals.

    In April, 83% of gas reaching Lithuanian users were provided through Klaipėda LNG terminal, and in May, as preliminary data says, a total of 1,64 TWh of gas was regasified, which is approximately the same as the total amount of gas consumed in Lithuania. The major part of gas, i.e. 90%, was brought from a gas liquefaction factory situated in Norway.

    “The LNG infrastructure developed in Klaipėda determined the fact that, with a favourable situation in the international markets, our national natural gas suppliers can offer cheaper energy resources not only to Lithuanian users, but also to clients from other Baltic states. Even when including the price of the use of the transmission systems in the neighbouring countries, the LNG submitted through Klaipėda LNG terminal can be offered for a more competitive price, than when submitted through pipelines from eastern countries,” said Arūnas Molis.
    It is foreseen that the similar situation in the international markets will continue for upcoming months, since the TTF index of the Western European natural gas exchange has decreased by almost a half since October last year, and the price of the future agreements in June reaches about EUR 13.50/MWh.

    In May, the terminal accepted 5 gas carriers, which brought about 304 thousand m3 of LNG, and one small gas carrier was loaded with about 3 thousand m3 of LNG. It is planned that in the 5 gas carriers arriving in June will bring to Klaipėda 310 thousand m3 of LNG.
    Apart from the new user, regasification services of Klaipėda LNG terminal are currently provided to UAB Lietuvos energijos tiekimasand AB Achema.

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