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  • 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 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
10:25 Global Ports’ Consolidated Marine Container Throughput increased by 4.0% y-o-y in 9m 2021
09:53 MABUX: Bunker prices may rise on Oct 18
09:46 Northern Sea Route cargo traffic rose by 4.5%
09:29 Crude oil prices rise driven by roaring demand
09:13 Baltic Dry Index as of October 15

2021 October 17

16:28 Revenue Cutter Bear located, ending decades-long mystery
15:19 Port Everglades new Heron Garage touts solar power, moving walkway
14:38 JAXPORT welcomes passenger vessel Ocean Explorer for port-of-call visit
13:27 Canadian fishing company chooses Skipsteknisk design
12:11 Mayflower Wind signs agreement with Gladding-Hearn for design/build of hybrid electric offshore wind crew transfer vessel
11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
10:19 Star Pride delivered at the Fincantieri shipyard in Palermo
09:37 Three zero-emission harbour tugs mark Corvus Energy’s 500th project order
08:16 Rolls-Royce launches mtu hydrogen solutions for power generation

2021 October 15

18:27 Sea Machines uses biofuel to power tug Nellie Bly on long-haul autonomous journey
18:07 Dublin Port Company to open €48m Dublin Inland Port
17:53 Danfoss Editron powering the first fast crew supply vessel able to compete with helicopter transfers
17:33 Tsawwassen First Nation and the Vancouver Fraser Port Authority sign renewed Relationship Agreement
17:09 Sevmash completed manufacturing of sections for offshore ice-resistant fixed platform LSP "A"
16:40 Global Ports Holding positions Kalundborg as an alternative to Copenhagen
16:33 Duisburg Rail Terminal welcomed the one millionth unit since it started the operations in 2013
15:13 Klaveness Combination Carriers signs a Letter of Intent with Shipshave AS to implement its semi-autonomous hull cleaning solution across its fleet
14:31 Wärtsilä next generation navigation simulator to power the Centre of Excellence in Maritime Safety in Singapore
14:09 Coral Consortium working on a water drone to regularly monitor water quality in the basins of the Port of Gdańsk
13:53 Port of San Diego adopts most ambitious maritime clean air strategy of its kind in California
13:22 LNGnews.RU supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:02 A.P. Moller - Maersk enters strategic partnership with Danish Crown on global end-to-end logistics
12:36 GTT is selected by Hyundai Heavy Industries to equip the tanks of two new LNG-fueled container vessels with its membrane containment technology and smart shipping solutions
11:47 Russian-Chinese joint naval exercise is underway in the Sea of Japan
11:23 Transneft Kozmino Port starts construction of maintenance site for servicing mariculture site
10:08 MABUX: Bunker prices may continue slight upward changes on Oct.15
10:02 Port of Long Beach has second-busiest September
09:56 Port of Oakland’s Danny Wan heads statewide port group
09:51 Rosneft sells 5% in Vostok Oil to a consortium of Vitol and MME
09:32 Crude oil prices rise driven by demand growth
09:19 Baltic Dry Index as of October 14

2021 October 14

18:05 MOL, SoftBank and e5 Lab start joint studies for next-generation maritime high-speed satellite communications
17:54 Glavgosexpertiza approves construction of tank for light oil products at IPP terminal in Novorossiysk
17:35 Sembo secures $12m investment from Stena Line
17:15 Jan De Nul signs T&I contract for Gode Wind 3 & Borkum Riffgrund 3