• 2020 January 9 16:45

    Maintenance of Klaipėda LNG terminal to cost less

    On the 30th of December the National Energy Regulatory Council (hereinafter - the NERC) has lowered a natural gas security component by 38.55%, effective from 01 January 2020. Lowering of the security component, when compared to the current security component, will save natural gas consumers 36.1 million euros per year, KN says in a press release.

    The decision was passed by the NERC after KN, the operator of oil and liquefied natural gas (hereinafter - the LNG) terminals, received a 134 million euro loan from the Nordic Investment Bank to finance part of the cost of the LNG storage facility lease.
     On 30th December 2019 NERC approved the fixed component of the LNG regasification price of 194.31 Eur/(MWh/day/year) excluding VAT. Compared to 2019, this price is twice as low (in 2019 it was 390.42 Eur/(MWh/day/year)).

    Arūnas Molis, the Head of KN Klaipėda LNG office, emphasizes that the decision, advantageous for all Lithuanian gas consumers, was the result of the increased use of the terminal, which allowed to implement the first stage of the assurance of the long-term operation of Klaipėda LNG terminal, i.e. To distribute long-term payments for the terminal more evenly.

    “Another important decision affecting sustainability has been passed, it consolidated the long-term competitiveness of LNG and promotes the use of natural gas as a clean fuel in Lithuania. In this context, we are also contributing to the implementation of the recently announced European Green Agreement, which provides for an important role for the LNG. In terms of economic benefits, most time it was more advantageous to Lithuanian and Estonian state-owned and private companies to import by large LNG vessels from Norway or the USA, or even by  small LNG vessels from Vysotsk than through pipelines, both in terms of gas prices and charges of infrastructure. The first step in the implementation of the long-term LNG supply project should provide the market with even more certainty about the future of the terminal, and stable volumes of LNG regasification will create preconditions for further reduction of the security component for Lithuanian gas consumers,” emphasizes Arūnas Molis.

    In 2019, 51 LNG vessel arrived at Klaipėda LNG terminal, and brought 3 million cubic meters of LNG, and 19.36TWh of gas was re-gasified. That’s more than twice the re-gasification rates of 2018 and corresponds to approximately 85% of Lithuanian annual natural gas consumption. The majority of natural gas (81.2%) supplied through the Klaipėda LNG terminal this year was shipped from a natural gas liquefaction plant in Norway, and at the end of the year one of the largest LNG cargoes arrived to Lithuania from the USA.




2021 August 4

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17:46 Shipyard OKA launches the Alexander Ivanov, ninth dry cargo ship of RSD59 series
17:36 PSA & Samudera strengthen strategic partnership in cargo solutions and logistics
17:16 KMZ supplied water jet ejectors for a new small sea tanker of project 03182
17:15 Iridium announces partnership with Canadian Coast Guard
16:20 Port of Tanjung Pelepas jumps to 15th in world ranking
16:05 DNV and Nakilat JDP works to improve vessel software reliability and quality
15:41 Kawasaki Heavy Industries, Yanmar Power Technology and Japan Engine Corporation establish a new company HyEng Corporation
15:36 Akhtarskaya Shipyard launches RS "Chernomorets"
15:27 Registration to Development of Icebreaking and Support Fleet Int'l Conference still underway
14:43 KhMAO-Yugra to take delivery of Meteor 120R hydrofoil duo in 2021-2022
14:11 ClassNK grants its first DSS notation for 211,000DWT bulk carrier “DREAM CLOVER”
13:59 ”K” LINE and Chubu Electric Power commence joint development agreement for tidal energy project in Canada
13:40 Vostochnaya Verf completed shipyard's sea trials of the Okhotsk
12:06 LORP fleet carried 670 000 tonnes of cargo since the start of this year shipping season
11:09 Western Australia looks to implementing stricter controls
10:09 Konecranes adds Wire Rope Monitoring to TRUCONNECT portfolio
09:59 Crude oil prices edging down on coronavirus-related restrictions
09:53 Baltic Dry Index as of Aug 3
09:29 Inland waterways Azov-Don basin’s seven-month cargo volume edges up 1%
09:21 ICTSI Honduras, Big Creek Terminals ink mutual benefit pact
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2021 August 3

18:17 Iridium Connected® Viettel S-Tracking Vessel Monitoring System wins Top 10 Sao Khuê Award
17:59 Lead passenger ship Meteor 120R of new generation launched in the Nizhny Novgorod Region
17:25 A subsidiary of KCC has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market
16:47 Petersburg Oil Terminal obtains permit for construction of its new handling facility
16:24 Nigerian Chamber of Shipping becomes full ICS member
15:22 Vard delivers “Le Commandant Charcot” to Ponant
15:00 Bunker sales at Vladivostok port in 7M’2021 fell by 30% YoY
14:41 Construction of new facilities to commence at Onezhsky Shipyard in autumn 2021 года
14:23 CMA CGM announces PSS for cargo bound for East Russia
13:42 The Panama Canal resumes seasonal measures to protect migrating marine life
13:12 CMA CGM announces THC for Novorossiysk, Russia import/export
12:57 ABP’s Ports of Ipswich and Ayr enable wheat cargo to be shipped more sustainably
12:22 Wärtsilä to provide efficient service support for Brazilian river tugs despite challenging operating conditions
11:59 MOL to build series of 4 LNG-fueled car carriers
11:58 FESCO starts seasonal delivery of cargo from ports of China and the United States to Chukotka
11:36 Finnlines announces adjustment of bunker surcharge in its own container traffic
10:54 Baltiysky Zavod shipyard casts third one-piece propeller for Project MR-50 product tankers
10:30 Tallink Grupp published its statistics for July 2021
10:09 Maersk raises full-year guidance
09:57 Oil prices decrease amid coronavirus related restrictions
09:41 Baltic Dry Index as of August 2
09:23 Yaroslavsky Shipyard launches non-self-propelled dredging ship of Project RDB 66.42М
09:08 Japan’s Ministry of Internal Affairs and Communications gives the green light to Iridium services
08:58 MABUX: Global bunker prices may drop on Aug 03 following sharp decline on crude market yesterday
08:09 The largest water-rail intermodal terminal of the Yangtze River starts operations

2021 August 2

19:09 Seven dredging ships deployed for operation on Sea Canal in the Gulf of Ob
18:35 LR unveils key appointment for its Maritime Performance Services business
17:54 CMA CGM announces PSS for cargo from the Middle East Gulf to North Europe, Scandinavia, Poland, Baltic, West Med & Adriatic, East Med, Black Sea, North Africa & Morocco
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17:30 CMA CGM has announced PSS for cargo from India to North Europe & the Mediterranean
17:28 CMA CGM announces PSS for cargo from North Europe, UK, Scandinavia, Poland & North Spain to Colombia Atlantic & Dominican Republic
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17:05 Sri Lanka Ports Authority successfully reworks leaked chemical container on board
16:54 Rhenus Group plans to acquire the Polish freight forwarding and logistics company C. Hartwig
16:30 Sea Port of Saint-Petersburg enhanced its environmental safety
16:03 Maersk’s digital logistics platform Twill increases its presence in Gdansk