Lithuania's Klaipėda LNG Terminal Books 71% of Capacity Through 2044

Five companies, including Equinor and Naftogaz, secured long-term LNG regasification capacity at Lithuania's Klaipėda terminal.

(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 June 10.

• 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

(Pictured: Klaipėda LNG Terminal - Image source: KN Energies)