The regasification capacity of Lithuania’s Klaipėda LNG terminal for the ongoing gas year is fully booked. In total, 23,9 terawatt-hours (TWh) of liquified natural gas (LNG) has been allocated to customers.
Mindaugas Navikas, Klaipėdos Nafta Chief Commercial Officer said that two factors have contributed to the increased interest in LNG terminal services.
“Firstly, the war in Ukraine has made it even more important for the companies operating in the Baltic region to secure a reliable alternative source of gas supply. In addition, the earlier announcement of the start of operations of the Polish-Lithuanian gas pipeline (GIPL) link is creating opportunities for businesses to take advantage of new emerging opportunities.”
Even though the terminal capacity is already fully booked, according to him, “market participants can negotiate with each other to purchase or swap quantities of gas delivered at the terminal, or to purchase terminal capacity on the secondary market.”
From March to September 2022, the Klaipėda LNG terminal is expected to receive 20 large-scale LNG cargoes and perform one reloading operation. All the planned cargo reception windows are dedicated to the large gas carriers transporting LNG cargoes of at least 138,000 cubic metres.
Klaipėdos Nafta is considering the possibility of expanding its LNG terminal’s technical regasification capacity from the current 3.75 billion cubic metres to 5 billion cubic metres by the end of the gas year.
