LNG

Lithuania’s Ignitis has booked an additional 2 terawatt-hours (TWh) of annual regasification capacity at the Klaipėda LNG terminal between 2033 and 2044 on the secondary market as Baltic gas demand stays high.

Five companies – Equinor, Gasum, Ignitis, Latvenergo and Naftogaz – have booked more than 20 TWh, or around 71% of the offered regasification capacity at the Klaipėda LNG terminal in Lithuania. About 12 TWh were allocated until 2040 ad the remaining 8 TWh through 2044, marking a decisive step in securing long-term gas supply for the Baltic region. Klaipėda LNG, also called FSRU Independence, has a regas capacity of 3.75 bcm/y equalling about 3.12 mtpa.

Elenger, the largest privately owned energy company in the Finnish-Baltic region, said it received the first US liquefied natural gas cargo onboard the tanker “Vivit Americas LNG” with 174,000 cubic metres capacity to arrive at the port of Inkoo in Finland.

“We are one of the few energy companies in the region to procure gas directly from Western sources, this allows us to offer our customers greater security and better prices, and has significantly increased our market share in Finland and the Baltic countries over the past year," said Pasi Näkki, Chief Executive of Elenger Suomi in Finland.

Elenger had previously used the port of Klaipeda in Lithuania to bring LNG from the US and from Norway and now the firm has started cooperating with the Inkoo floating import terminal.

Elenger has signed agreements with LNG terminals to deliver a total of 10 cargoes by the start of the winter season this year.

Three deliveries have already arrived in Lithuania's Klaipeda port in January and March 2023 from the US and Norway, and a total of seven deliveries will arrive in Finland's Inkoo port in the spring and summer.

Cargoes procured

“Last year, Elenger procured five large shiploads of gas for its customers through the port of Klaipeda,” said the company.

Elenger offers customers natural gas in the form of pipeline gas, LNG and compressed natural gas.

The company is also developing a renewable energy portfolio in the form of solar energy and biomethane production and sales.

Elenger operates in Finland, the Baltic states and Poland and the group has a total of 50,000 customers.

Elenger in the market in the Baltic state of Estonia it is known under the Eesti Gaas brand name.

“Vitol is delighted to deliver the first LNG cargo to Elenger via Finland’s Inkoo terminal,” said Pablo Galante Escobar, Head of LNG and European Gas and Power at global commodities firm Vitol.

“The opening of the terminal will enhance energy security in Finland and the Baltic region, facilitating the flow of LNG from around the world to European industry and consumers,” Escobar added.

The cargo originated from Vitol’s portfolio of US LNG, specifically the Venture Global Calcasieu Pass facility in Louisiana.

Vitol has a global LNG portfolio with long-term sourcing contracts from producers in the US, the Middle East, Africa and Asia.

In 2022 Vitol traded over 17.5 million tonnes of LNG with around 67 percent of this volume being supplied to Europe.  

Polish state-owned oil and gas developer PGNiG Group posted revenue of PLN78.37 bill, up 214% year-on-year for the first six months of this year. 

Finland has drawn up plans to charter a liquefied natural gas floating storage and regasification unit (FSRU) in cooperation with its fellow European Union and Baltic Sea regional neighbour Estonia.

Klaipedos Nafta, the operator of oil and liquefied natural gas terminals in the Lithuanian Baltic Sea port of Klaipeda, said it had started the commissioning work at its new LNG reloading station after a commissioning cargo was delivered by a Royal Dutch Shell bunkering vessel.

July 11 (LNGJ) -  Klaipedos Nafta, the petroleum storage company and owner of the Lithuanian LNG importer terminal at the Baltic port of Klaipeda, said sales revenues for the LNG facility for June 2017 amounted to 5.4 million euros ($6.1M), 3.6 percent less than the 5.6M euros earned in the same month of 2016. These revenues come from payments for terminal use and regasification and reloading tariffs. However, the preliminary revenues of the LNG terminal for the first six months of 2017 were up, however, and amounted to 35.0M euros, a 2.6 percent increase from the 34.1M euros posted in 2016. The terminal is scheduled to receive its first US LNG shipment in August from the Cheniere Energy plant in Louisiana.

May 20 (LNGJ) – The 140,000 cubic metres capacity “Arctic Voyager” is scheduled to deliver a Norwegian cargo on May 22 to the import terminal at the Lithuanian Baltic port of Klaipeda. The 75,500 cubic metres capacity carrier “Cheikh Bouamama” was unloading a cargo from Skikda in Algeria on May 20 at the Barcelona import terminal in Spain. The “Puteri Firus Satu” has delivered a shipment from Malaysia to the Incheon import facility operated by Korea Gas Corp. The 165,500 cubic metres capacity “Woodside Donaldson” has unloaded a cargo from the Dampier export plant in Western Australia at the Japanese import terminal in the port of Nagoya.

Breaking Gazprom's 100% gas supply monopoly, Litgas, the trading arm of Lietuvos Energija, has signed a 5-year LNG supply deal with Norway's Statoil at an estimated value of up to €870 million.