Lithuanian LNG terminal capacity allocation starting today

The developer and future operator of Lithuanian Liquefied Natural Gas (LNG) terminal SC “Klaipedos Nafta” from today (30th April) is starting LNG terminal capacity allocation – so called “open season”. This first phase of the terminal capacity booking will last until end of July.

SC “Klaipedos Nafta” is starting the primary capacity allocation (open season) – the first contracts for LNG regasification and (or) reload services will be concluded in June-July, while the capacity will be allocated annually. However, when the terminal’s activity progresses, unallocated capacities will be regularly updated and published on the website and will be available for booking at any time according to technical possibilities.

LNG terminal offers users the opportunity to acquire terminal capacities, which include: birthing right to the LNG terminal, loading of LNG into the terminal, temporary storage of LNG until it is regasified or reloaded into small scale LNG vessel, regasification and (or) reloading LNG into small scale LNG vessel. Priority will be given to the regasification activity. Terminal operations are scheduled to start from the end of this year.

“LNG terminal project is rapidly moving forward and gaining sharper contours. FSRU (floating storage regasification unit) is already built, the infrastructure works are carried out according to plan, and now we start another major milestone – the terminal’s capacity allocation. The terminal will also have a third-party access and will be open to all global LNG market participants who may from today reserve terminal’s capacity for regasification, temporary storage of LNG and reload operations. We sincerely hope to meet the market’s expectations and to develop reliable and strong partnership with our clients,” – says Rokas Masiulis, CEO of SC “Klaipedos Nafta”.

Please note that the gas market in Lithuania is regulated by National Control Commission for Prices and Energy (NCCPE), the terminal usage rules have been approved and made public by the NCCPE and SC “Klaipedos Nafta”. The Company also announced preliminary terminal service tariffs, their upper limits will be set by the NCCPE this year. SC “Klaipedos Nafta” is appointed as LNG terminal’s operator by the decision of the Government of Lithuania.

The state owns 72.32 percent of SC “Klaipedos Nafta”.