Thursday, February 25, 2021
Tags KN

Tag: KN

Seventh LNG cargo from the US arrives at Klaipėda

The gas carrier BW Lilac will deliver LNG from the US port of Louisiana to Lithuania’s Klaipėda terminal operated by KN. This will be the seventh LNG cargo from the US in 2020 at Klaipėda terminal and the fourth in the new year of natural gas.

Despite this year’s challenges KN continues to be the most efficient energy company in the Baltics

KN’s business has been affected by oil refining margins at historic lows, geopolitical circumstances and the coronavirus pandemic but also an increase in the demand for LNG. Despite the challenges, KN has achieved high operating profitability.

Klaipėda LNG terminal increases efficiency

Klaipėda LNG terminal operated by KN benefits from the high global LNG consumption, increasing its utilisation rate from 43% last year to 48% in the first half of this year.
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