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KN plans to expand the annual regasification capacity of Klaipėda’s LNG terminal

The operator of Lithuania’s liquefied natural gas (LNG) terminal, Klaipėdos Nafta (KN) has started technical studies aimed at the expansion of the annual regasification capacity of the Klaipėda LNG terminal. 

The company is planning two feasibility studies: the first one will address the question of the possibility of expanding the technical capacity of the LNG terminal and the associated pipeline, while the second study will assess the increase of the terminal’s vessel’s own regasification capacity.

Both studies will analyse the possibility of infrastructure development in two possible scenarios – if the LNG terminal’s annual regasification capacity grows to 5 billion cubic metres (bcm) and if the annual capacity is increased to 6.25 bcm. Currently, the annual LNG terminal regasification capacity is 3.75 bcm.

“Europe as a whole is turning to LNG terminals as the preferred alternative to secure a reliable supply of natural gas independent of Russia,” said Mindaugas Navikas, Chief Commercial Officer (CCO) of KN. “Accordingly, the importance of the Klaipėda LNG terminal, which is currently the only gas supply alternative in the Baltic region, has increased significantly this year, with demand for the terminal’s capacity far exceeding supply. Our analysis of the terminal’s technical capacity development aims to ensure that the LNG terminal’s full potential is exploited and that we secure natural gas supplies that best meet the needs of Lithuania and the region. With the results of the studies, we will be able to more accurately assess the scope and feasibility of such a project.”

The studies initiated, which are expected to be completed by the end of this year, will help to elucidate tangible solutions to increase the LNG terminal’s capacity, assess the level of investment required and provide a tentative timetable for when additional equipment could be purchased and installed. 

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