Klaipėdos Nafta EN

On November 8, six partners – science institutions and businesses – set up an LNG platform. The platform is aimed at strengthening and developing the LNG market and relevant activities in Lithuania, Klaipėdos Nafta writes in a press release.

Lithuanian Prime Minister Saulius Skvernelis says that strategic state-owned enterprises will not be privatized, but adds that some problem companies could be partially privatized by listing their shares on the stock market.

The prime ministers of Lithuania, Latvia and Estonia will this week attempt to agree on a common liquefied natural gas (LNG) market to be able to apply for support from the European Union (EU).

Lithuania has to be proactive in competing with Russian ports for cargoes, Prime Minister Saulius Skvernelis said on Tuesday morning.

Lithuania's talks with the European Commission on EU funding for the acquisition of the Klaipėda liquefied natural gas ( LNG) terminal's vessel will depend on whether Latvia and Estonia recognize it as a regional facility, Energy Minister Žygimantas Vaičiūnas said.

Mantas Bartuška, the new chief executive officer of Lietuvos Geležinkeliai (Lithuanian Railways, or LG), is confident that he will manage to turn the country's largest state-owned enterprise, which has recently come on the radar screen of law-enforcement, into a transparent company.

Krovinių Terminalas (Cargo Terminal), an oil product terminal owned by Achemos Grupė, last week turned to court over a deal between Klaipėdos Nafta (Klaipėda Oil) and Orlen Lietuva that allegedly violates the Law on Competition and restricts fair competition in the Klaipėda port's light petroleum pr...

The 2015 annual report on the Lithuanian state-owned enterprises (SOEs), which contains financial results of SOEs, was presented at the government meeting on 15 September, Turto bankas informed in the press release.

Lithuania wants to purchase the Klaipėda LNG terminal's floating storage and regasification unit (FSRU) from Norway's Hoegh LNG before the expiry of the 10-year lease period in an effort to reduce the terminal's costs and will seek support from the European Union for this purpose, Energy Minister Ro...

Lithuania is preparing to establish a Liquefied Natural Gas (LNG) centre of excellence in Klaipėda. Within a month, the heads of ministries will be presented a letter of intent signed with social partners and an activity plan for an LNG cluster.

Klaipėdos Nafta (Klaipėda Oil), Lithuania's state-run company managing oil and liquefied natural gas (LNG) terminals, has issued a call for tenders to secure a loan of up to EUR 300 million. The money would be partly used to pay for the rent of the LNG storage vessel.

Energy company Klaipėdos Nafta, which manages Liuthuania's Liquefied Natural Gas (LNG) terminal, has installed buoys in the Curonian Lagoon near floating storage and regasification unit (FSRU) Independence. The buoys mark a 125-metre water security zone around FSRU Independence.

Lithuania plans to purchase the Klaipėda LNG terminal’s floating storage and regasification unit (FSRU) in ten years, and not now, since the vessel’s owner, Norway’s Hoegh LNG, refuses to sell the ship before the term established in the contract.

Klaipėdos Nafta AB, an operator of the Klaipėda Oil Terminal, has signed an agreement under which the Lithuanian company will help to build a liquefied natural gas (LNG) terminal in Colombia. This is the very first this kind of agreement in the Lithuanian energy sector.

The third commercial shipment of liquefied natural gas (LNG) will be delivered to the Lithuanian LNG terminal, the first such facility in the Baltic countries, this week.

Estonian company JetGas has expressed interest to use Lithuania's future liquefied natural gas (LNG) distribution station which will be constructed in Klaipėda.

During March 2015, Lithuania's Klaipėdos Nafta reloaded 354,000 tons of petroleum products into its storage tanks of oil terminal and Subačius fuel base (SFB), i.e., by 15.5 percent more compared to March 2014, when 306,000 tons were reloaded.