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Norway's Equinor to use Lithuania’s Klaipeda LNG terminal for 1st 1ime

The Klaipeda LNG terminal can feed the gas grids of Lithuania, Latvia, Estonia and Finland, and the region is also supplied by pipeline from Russia

Norway's Equinor to use Lithuania’s Klaipeda LNG terminal for 1st 1ime

Vilnius, June 8 - Neftegaz.RU. Klaipedos Nafta reported on June 7, that companies including the new customer Norway's Equinor, have booked a record 8.9 TWh of regasification capacity at the terminal.
This compares with 8.4 TWh of capacity that were booked during the annual capacity allocation procedure for the current gas year.
A further 12.3 TWh were booked during the year.

During the current 2021 gas year (running from 1 October 2020 to 1 June 2021):
  • 49 LNG carriers have been accepted at the LNG terminal (compared to 50 in the same period of the previous year)
  • Another 11 LNG carriers are expected by the end of the gas year
  • During this period, 2 million m3 of LNG have been brought to Lithuania, most of which came from the U.S.
The 2.7 mln metric tons/year Klaipeda LNG terminal was opened in 2014.
In addition to customers in Lithuania, it also provides gas to users in Latvia, Estonia and Finland.

Sales to Finland only became possible after the completion of a gas link with Estonia at the start of 2020.
Gazprom lost a 3rd of its share of the Finnish gas market last year, after a new pipeline made it possible to import LNG from Baltic States via Klaipeda.

Mindaugas Navikas, Chief Sales Officer of Klaipeda LNG, commented on the latest regasification capacity allocation:
  • This year, the activities of the terminal will be more intensive than ever - during this capacity allocation procedure, the largest number of capacities in the entire history of the LNG terminal was ordered
  • Not only the existing customers, but also Norwegian Equinor, which is planning to support its operations in the Baltic Sea region, decided in advance to use the services and benefits of the LNG terminal
  • We’re happy that KN’s goals of increasing the competitiveness of the terminal, strengthening cooperation with existing & potential customers are now bearing fruits and attracting new strategic partners
Equinor has an LNG supply contract with the Lithuanian state gas company Ignitis.
However its liquefaction terminal at Hammerfest is not expected to be operational until March 2022 – half way through the gas year.

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