LNG

Klaipeda LNG terminal operator, AB Klaipėdos nafta (KN) has revealed that the Lithuanian State Energy Regulatory Council (VERT) approved a new version of the LNG terminal usage rules. 

The main changes are:

Higher financial requirements are imposed on LNG terminal capacity utilisation applicants seeking to participate in the long-term LNG terminal capacity allocation procedure (raising the minimum credit rating in one step and adjusting the amount of the bank guarantee for securing the validity of the offer, which becomes equal to the amount of the requested long-term LNG de-gassing capacity).

1. Changes are made to the allocation principles applied during the long-term LNG terminal capacity allocation procedure (transposition of statutory obligations on the LNG terminal operator to meet the natural gas needs of the groups of natural gas customers identified in the legislation).
2. The allocation principles applicable in the annual LNG terminal capacity procedure are being amended (the application of the principle of proportionality (pro rata) is envisaged).
3. The principles for the allocation of emergency market LNG cargo de-gassing and LNG congestion capacity are being amended, including the deadline for the submission of requests for capacity and the order of priorities, in order to ensure the proper fulfilment of the statutory obligations to the LNG terminal operator (to ensure the proper performance of the obligations imposed by the legislation on the LNG terminal operator (to ensure the service of the operation of the isolated electricity system or other services to the electricity transmission system operator, designed to ensure the security of the electricity system and reliable operation, needs for natural gas consumption).
4. A new Annex 17 was added to the list of annexes to the entitled ‘Special conditions for the allocation of long-term LNG degassing capacity for the long-term allocation of LNG terminal capacity for the period 2023/2032’. The Annex contains the specific conditions for the allocation of long-term capacity drawn up on the basis of the rules (size of the allocated capacity, period, minimum allocation limits, etc).
5. Amendments to the draft annual schedule and annual schedule of the LNG terminal and the arrival periods of LNG cargoes, which provide for the procedure for the use of long-term LNG degassing capacity for the delivery of LNG cargoes.
6. Other technical, editorial changes and additions.

Accordingly, the procedures for the allocation of capacity of Klaipeda LNG terminal for 2023 will be carried out in September, KN said.