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HomeUkraine-Russia crisisLithuania's KN suspends acceptance of Novatek's LNG cargoes

Lithuania’s KN suspends acceptance of Novatek’s LNG cargoes

The operator of Lithuania’s Liquefied Natural Gas (LNG) terminal in Klaipeda, KN, informed that from 3 March acceptance of Russian Novatek cargoes at the LNG terminal is suspended.

In KN’s view, Russian oligarch Gennady Nikolayevich Timchenko, who was included in the EU sanctions list, can be considered a controlling person of the Novatek group under EU law. 

Although KN itself does not have contracts with Novatek or its related companies, the company contacted LNG terminal clients on its own initiative and asked to ensure compliance with sanctions in their operations.

KN also approached the Lithuanian authorities assessing the compliance of agreements with national security interests and coordinating the application of sanctions, asking for additional recommendations and clarification on the application of EU sanctions in the company’s activities as a terminal operator when LNG cargoes are purchased and unloaded by LNG terminal users.

In 2021, 62 per cent total of consumed gas in Lithuania, Latvia, Estonia and Finland was delivered through the LNG terminal. The biggest share was imported from the USA through the infrastructure in Klaipeda last year.

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