• 2020 October 2 11:20

    New natural gas year begins at Klaipėdos nafta terminal

    KN showed extremely high operating results last year

    On 1 October, the new gas year of the liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos nafta) begins, which is welcomed by the terminal with extremely high operating results: during the last year of natural gas (until 30 September), the largest amount of natural gas was regasified and supplied to the Lithuanian natural gas system to date – 23.9 TWh, when, compared to last year, it amounted to 14 TWh.
    “The amount of regasification is a significant indicator, which is a record this year and means that the LNG terminal, which once abolished the status of Lithuania as an energy island, in its sixth year of operation fully serves as a regional infrastructure for third parties. In other words, terminal customers can deliver LNG from anywhere and at market prices. In this way, natural gas consumers are able to pay the market price for gas as well. Without an LNG terminal as an alternative to pipeline gas from Russia, this would not be possible. Our calculations show that during the gas year 2020, more than 70% of the total amount of natural gas consumption was supplied from the LNG terminal to Lithuanian natural gas consumers“, Darius Šilenskis, CEO of KN, emphasizes the role of the LNG terminal in the Lithuanian energy system. 
    According to him, the customers of the LNG terminal (5 companies) took advantage of the favorable situation in the LNG market this year, when the European natural gas storage facilities became full due to the demand shock caused by the COVID-19 virus and the warmer-than-usual winter, which also led to a decrease in LNG prices.

    “As the Klaipeda LNG terminal operates on the basis of third party access and commercial clients can use it’s services, its use directly correlates with the price of LNG in global markets, just like other terminals, for example, Zeebrugge in Belgium, Gate in the Netherlands and others. Global prices have little effect on those terminals where supply options are limited by consumption or long-term alternative contracts, for example, Świnoujście,” explains D. Šilenskis.

    During the last year of natural gas, even 74 loading operations were performed at the LNG terminal, that is the number of gas carriers who visited the LNG terminal, which is more than twice as much as in the 2019 natural gas year, when 33 gas carriers arrived. Total of 3.5 million cubic meters of LNG were delivered during 2020 gas year, compared with 2.2 million cubic meters in the natural gas comparison in 2019 gas year.
    “The increase in the number of gas carriers (+ 124%) was determined by the commercial decisions of LNG terminal users and for the truly competitive prices. As many as three LNG shipments came from the U.S. in the 2020 natural gas year. We are waiting for another cargo from the U.S. at the start line of the new natural gas year – it will be delivered next week. This shows that the gas liquefaction and LNG logistics infrastructure being developed in the U.S. increases the competitiveness and liquidity of LNG as an energy source. This is certainly beneficial for countries with LNG import and regasification infrastructure. It is gratifying that Lithuania has been on the list of such countries for six years“, the Head of KN comments.
    D. Šilenskis points out that the beginning of the gas year is also positive – this year and during the preliminary LNG terminal capacity allocation procedure, significantly more LNG terminal capacity was reserved for the gas year starting on 1 October – even 8.4 TWh.
    According to the Head of KN, this year is impressive not only in terms of the volume of operations of the great LNG terminal, but also a significant breakthrough in the use of LNG is being felt: “The customer of the LNG reloading station became the Polish PGNiG, the vessel bunkering operations in the port of Klaipėda has started, LNG as an alternative fuel also found itself in the perspective of the State. EUR 2.34 million of support has been provided from the DNA Plan of the Future Economy for the installation of LNG filling points, the Alternative Fuels Act is being considered, which provides guidelines in favor of the use of LNG, and additional support is also provided in the Climate Change Program. All this shows that the emergence of LNG infrastructure six years ago has enabled us to achieve an independent, more sustainable and more climate-neutral economy. Reflecting the emissions of gas and comparing them with the emissions of conventional, popular fuels and energy production, LNG and natural gas are clearly key energy sources for a climate-neutral economy by 2050.“
    The natural gas year runs from 1 October to 30 September.

2021 September 21

19:01 Grimaldi to launch the Civitavecchia-Arbatax-Cagliari service
18:05 RTCOMM and Konnect Russia agree to join hands in development of satellite communication services for sea and river ships
18:02 “K” LINE to procure 8 next-generation of environmentally friendly car carriers
18:01 Diana Shipping announces time charter contract for m/v Maera with ASL
17:54 ABS publishes guide to ammonia-fueled vessels
17:47 RTCOMM and Iridium join hands to develop mobile communication services to improve clients security in Russia’s hard-to-reach areas
17:37 AD Ports Group and the General Company for Ports of Iraq sign MoU to promote cooperation and investments
16:58 RTCOMM and KNS partner to expand ocean satellite communications services
15:36 Hydrographic survey vessel Gorizont returns from the Arctic expedition
15:11 MOL Group Adopts Car Carrier Operation Digital Transformation Promotion Project 'Mathematical Optimization': Part II
14:59 Wärtsilä signs five-year Optimised Maintenance agreement featuring latest digital innovations with STQ of Canada
14:07 New ESPO Green Guide 2021 outlines a vision for ports towards a green future
12:34 International Maritime Exhibition and Conference NEVA 2021 opens in St. Petersburg
12:12 AtoB@C Shipping orders six highly efficient 5,350 dwt hybrid vessels
11:52 Damen Shipyards Group set to develop its localization in Russia
11:31 Port Houston sets new record for containers in August 2021
11:05 ASD Tug 3010 Ice Arc4 series to be laid down for Atomflot in September 2021
10:58 Stena Line and Frederikshavn sign agreement for two fossil fuel free ferries by 2030
09:51 Average spot market price for Russian M100 product rose to RUB 25,185 pmt as of September 17
09:37 MABUX: Global bunker market turned into downward trend on Sep 21
09:33 Crude oil prices increase in expectation of Covid related restrictions to be eased
09:19 Baltic Dry Index as of September 20

2021 September 20

18:27 Strategic Marine announces new 42m Gen 4 Fast Crew Boat
18:07 FSG to build RoRo vessel with LNG propulsion for Australian company SeaRoad
17:45 Sovcomflot Board reviews Group’s results for H1 2021
17:26 Shell to build one of Europe’s biggest biofuels facilities at the Shell Energy and Chemicals Park Rotterdam
17:16 Maiden call of EMA service at Vado Ligure connecting Eastern Med with US East coast
17:00 Rosmorrechflot estimates Russia’s demand for technical ships in 2025-2030 at over 800 units
16:39 New DNV Naval Technical Assurance concept offers tailored solutions for naval verification
16:11 Vyborg Shipyard delivers second trawler of KMT01 design
15:25 IAPH launches Cybersecurity Guidelines for Ports and Port Facilities
14:39 FESCO acquires 300 new refrigerated containers of increased capacity
14:02 Boluda Towage celebrates naming ceremony for tug quartet
13:22 ABS study suggests dual-fuel newbuilds have the decarbonization advantage over conversion
12:53 International conference “Inland waterways: strategic potential for growth” kicked off in Saint-Petersburg
12:05 NAVTOR boosts development muscle with new base in Poland
11:58 Port of Oakland import volume edged up in August 2021
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