Picture of Ignitis Grupe AB logo

IGN1L — Ignitis Grupe AB News Story

0.000.00%
lt flag iconLast trade - 00:00
UtilitiesConservativeMid CapTurnaround

Lithuanian LNG terminal allocates 71% capacity for 2033-2044

    OSLO, June 10 (Reuters) - Five companies have booked around
71% of the regasification capacity offered at Lithuania's
Klaipeda liquefied natural gas (LNG) terminal for the period
2033-2044, operator KN Energies said on Wednesday.
    * KN Energies offered 28 terawatt hours (TWh) of
regasification capacity, divided into 4 TWh packages per year
and options for eight or 12 consecutive years.
    * It allocated 20 TWh, with 8 TWh until 2044 inclusive and a
further 12 TWh until 2040.
    * Capacity was booked by five customers: Lithuania's
Ignitis, Latvia's Latvenergo, Norway's Equinor, as well as new
terminal customers Gasum of Finland and Ukraine's Naftogaz.
    * "This is a clear signal of trust in Lithuania’s energy
infrastructure and of the terminal’s expanding role from the
Baltic region to Northern Europe and Ukraine," said Minister of
Energy Zygimantas Vaiciunas.
    * Unallocated capacities may be offered through repeated
long-term capacity booking and annual capacity allocation
procedures for each year separately.
    * One conventional-size LNG cargo corresponds to
approximately 1 TWh


 (Reporting by Nora Buli, editing by Terje Solsvik)
 ((Nora.Buli@thomsonreuters.com; (+47) 21 04 05 56; Reuters
Messaging: nora.buli.thomsonreuters.com@reuters.net))

Recent news on Ignitis Grupe AB

See all news