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HomeLNGAnnual capacities of Klaipėda LNG terminal allocated

Annual capacities of Klaipėda LNG terminal allocated

A regasification capacity of 9 terawatt-hours (TWh) has been allocated for 2023 to five customers of the liquid natural gas (LNG) terminal in Klaipėda, Lithuania. This was announced following the completion of the annual LNG terminal capacity allocation procedure by the operator of the oil and LNG terminals, Klaipėdos Nafta (KN).

From 1 January 2023 to 31 December 2023, the Klaipėda LNG terminal services will be used by 7 customers: Lithuanian companies, which have been allocated a total of 19 TWh of the terminal’s regasification capacity and customers from Latvia, Estonia, Poland and Norway. A total of 33 TWh of regasification capacity has been allocated for 2023. It is also foreseen that spot market capacity (up to 6 TWh) will be allocated during the 2023 gas year, prioritised in case there is a need for isolated operation of the energy system.

“The new LNG terminal capacities allocation model systematically assesses the natural gas needs of both the region and Lithuania,” said Mindaugas Navikas, Chief Commercial Officer of KN. “We are pleased with the growing cooperation with existing and new customers, each of whom is important for the smooth functioning of the gas market in the region. We believe that a balanced capacity allocation model will ensure not only a stable gas supply to Lithuanian consumers but also the most competitive natural gas prices in our region.”

From the beginning of 2022 until 10 October 2022, 27 large gas carriers have been received at the LNG terminal (compared to 13 in the same period last year), with 9 more expected by the end of the year. During this period, around 3.6 million cubic metres (mcm) of LNG have been delivered, with the majority (72 per cent) coming from the US. In 2023, the Klaipėda LNG terminal is scheduled to receive 39 gas carriers bringing in around 5.3 mcm of LNG.

Separately, Klaipéda’s neighbouring LNG terminal in Świnoujscie, Poland, has also recorded increased supplies as the Polish natural gas distributor, PGNiG, delivered 14 liquified natural gas (LNG) cargoes between July and September this year.

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