• 2019 November 29 16:51

    KN to cooperate with strategic partners to develop small-scale LNG market

    On Friday, oil and LNG terminal operator KN entered into a strategic partnership agreement with Polish Oil and Gas Company PGNiG, for which LNG reloading station capacity has been reserved for five years. PGNiG will start commercial operation of the LNG reloading station from April 2020, KN says in a press release.
     
    KN invited global and regional LNG companies that have LNG trading portfolios and / or LNG transport capacities and are interested in the development of the LNG market in the Baltic region and Poland to participate in the capacity allocation reservation tender. The final decision has been made based on the tender with the best price. According to Darius Šilenskis, KN CEO, the signed agreement allows KN to secure a steady revenue stream.
     
    “KN will continue focusing on the flawless operations of LNG and oil terminals as well as development on the range of services prvided for our customers. This is the main reason why for the purposes of developing the regional market, we decided to look for strong partners who would be interested in developing commercial activities with our infrastructure and would be actively engaged in the development of the LNG market. We are delighted with the partnership with PGNiG and believe that our synergies will contribute to strengthening the regional prospects,” says Darius Šilenskis, CEO of KN.
     
    According to D. Šilenskis, the development of LNG as a significantly more environmentally sustainable energy source is also important in our region, given the intensified energy diversification in the. world in recent years and the need to search for less polluting energy and fuels in the context of global warming.
     
    KN reloading station, located near the gate of Klaipėda port, officially opened in October 2017. It consists of five tanks for liquefied natural gas, each with a capacity of 1,000 cubic metres. Up to two LNG tankers and a small volume LNG vessel can be filled at the same time at the LNG reloading station. Upon the commissioning of the KN LNG reloading station, together with the opportunities provided by the LNG terminal in Klaipėda, KN became one of the first companies in the world, providing all integrated LNG logistics services, thus consolidating the full value chain in the region.
     
    “This agreement broadens the horizons of strategic cooperation between Lithuania and Poland in the energy sector. We have an example of very practical and valuable cooperation rather than  theoretical. This is good news for the region and for natural gas consumers, as it means further development of the LNG market, increased access to LNG for off-grid customers, and more competitive prices” says Minister of Energy Žygimantas Vaičiūnas.
     
    During the two years of operation about 12 companies from Lithuania, Estonia and Poland used the LNG reloading station for filling of their tankers. 44,000 cubic metres of LNG have been delivered to the KN LNG reloading station since beginning of its operations, with 6 different small scale LNG vessels have delivered LNG during this period.
     
    “KN appreciated our experience in operations and sales of small-scale LNG from the President Lech Kaczyński Terminal in Świnoujście and from our LNG facilities in Odolanów and Grodzisk Wielkopolski. PGNiG will also gain better access to the small-scale LNG market in the Baltic countries and increase the competitiveness of its offer for customers from the area of ​​north-eastern Poland and Central and Eastern Europe due to the use of the onshore LNG reloading station in Lithuania. It is very important from the point of view of security of supply that PGNiG will independently decide from whom to buy and bring LNG to the onshore reloading station in Lithuania,” commented Piotr Woźniak, President of PGNiG Management Board.
     
    Polish Oil and Gas Company PGNiG deals with exploration and production of natural gas and crude oil and – through its branches and key companies from the Capital Group – with import, storage, sales, distribution of gaseous and liquid fuels, production of heat and electricity as well as geophysical and drilling services. Its subsidiaries and branches carry out exploration and production activities in Norway and Pakistan, gas sales in Germany and LNG trading through an office in London.




2020 June 1

08:39 MABUX: Bunker market this morning, June 1

2020 May 31

16:57 RINA: shareholders’ meeting approves the financial statement for 31 December 2019 and appoints a new Board of Directors
15:31 Board appoints non-executive director at V.Group
14:48 MM&P seeks help from Congress in battle to repatriate offshore crews
13:24 Svitzer A/S names new CEO
12:31 Subsea 7 announces cost reduction measures
10:52 Drydocks World begins second project for the Hollandse Kust Zuid Windfarm

2020 May 30

16:23 APL England master faces charges over shipping container loss
15:27 Xeneta Container Rates alert: continued global uncertainty hits rates, but worst fears yet to be realised
14:32 EC approves €600 million Finnish guarantee scheme to support maritime companies affected by the coronavirus outbreak
13:12 Bollinger Quick Repair takes delivery of new dry-dock “Mr. Eddie”
11:47 Sanmar and Svitzer deliver power and performance to Port of Sohar
10:58 Coast Guard Cutter James seizes 3,350 lbs of marijuana off Central American

2020 May 29

18:36 Port of Marseille Fos to constuct a new international ferry terminal
18:20 Sea Port of Saint-Petersburg boosts its infrastructure investments by 40%
18:06 PIL starts a new India Service - China India Express (CIX)
17:51 Petrotrans takes delivery of lead ship of Project RSD59
17:36 Rolls-Royce seals major contract covering complete MTU propulsion systems for Royal Navy Type 31 frigates
17:14 United Shipbuilding Corporation developed its own cargo ship design
17:06 ECSA welcomes TRAN opinion on future EU-UK partnership and urges rapid advancement of the talks in view of the looming deadline
16:15 Port Authorities pledging support to keep ports open during COVID-19 more than doubles within a month
15:52 Market of seaborne cargo transportation for wind farms is stable and expected to grow
15:46 Viking Line starts a passenger service from June 1
15:05 KiwiRail orders two new ferries
14:49 Admiral Makarov University introduced new GMDSS simulator class
14:05 Bollinger Shipyards delivers the USCGC MYRTLE HAZARD to the U.S. Coast Guard
13:41 Smart Delta Resources launches project to substantially reduce CO2 emissions in Scheldt-Delta region
13:09 Record engine powers world’s largest containership
12:48 Large amphibious ships of RF Navy's Black Sea Fleet conducted comprehensive exercise in sea training ground
12:30 Navigation season opens on Upper Lena and Lower Lena rivers
12:09 Global shipping body addresses the health concerns of seafarers during the COVID-19 pandemic
11:26 Vimpel Shipyard launches coast guard boat Lamantin of river-going design
11:03 LNG STS bunkering – ‚First-off‘ operations in France, Germany and Norway
10:28 Oil prices fall by over $1
10:09 DP World joins with TradeLens to digitize global supply chains
09:53 Bunker prices are stable at the port of Saint-Petersburg, Russia
09:35 Baltic Dry Index on May 28
09:20 Konecranes to deliver third mobile harbor crane to South Australia
09:17 MABUX: Bunker market this morning, May 29
08:46 CMA CGM announces FAK rates from Asia to North Africa, Mediterranean and North Europe

2020 May 28

18:37 CMA CGM ends ESS from North Europe, Scandinavia & Poland to West Med, East Med, Adriatic & North Africa
18:07 PortXchange results in shorter idle times on departure at APM Terminals Rotterdam
17:24 Independent Container Line starts new service from Cork to USA
17:20 Antwerp@C investigates potential for halving CO2 emissions in Port of Antwerp by 2030
16:49 Nevsky Shipyard launches lead ferry of Project PV22, Admiral Gennady Nevelskoy
16:17 Finland's new Water Traffic Act enters into force in June
16:05 Lubrizol joins the Getting to Zero Coalition
15:56 Wärtsilä high-efficiency propulsion solutions selected for special high-speed ferry
15:46 ABP keeps Britain trading in the safest way possible
15:02 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
14:38 Bunkering tanker intended for Baikal lake delivered to the customer
14:00 WinGD wins type approval for biggest and most powerful ever dual-fuel engines
13:00 Gasum partners up with the sustainable transport solution provider company Samskip
12:30 More Konecranes BOXHUNTER RTGs to Vietnam
12:00 Konecranes and Fluidmesh join forces to deliver world-first 100% wireless Automated Rubber Tired Gantry crane system
11:30 EPS and Equinor set sights on a trio of newbuild LPG dual-fuel vessels
11:09 Boskalis awarded two dredging contracts in Finland
10:51 Oil prices continue going down
10:30 DNV GL releases first ever traceability standard for reclaimed plastic
10:09 Port of Stockholm announces arrival of the first container ship at Norvik Port