KN Energies

KN Energies

Company type	State controlled
Traded as	Nasdaq Baltic: KNE1L
Industry	Oil and gas industry
Founded	1994 (1994)
Headquarters	Klaipėda , Lithuania
Key people	Darius Šilenskis (CEO)[1]
Services	Oil and LNG terminals operator
Revenue	€83.525 million (2023)[2]
Owner	Ministry of Energy (Lithuania) (72.5%), Achema (10.4%) [3]
Number of employees	337 (2022)
Website	www.kn.lt

KN Energies (KN, Klaipėdos Nafta until 2024) is a liquid energy product and LNG terminals operator based in Klaipėda, Lithuania. The company was founded in 1994. The company operates the Klaipėda, Subačius and Marijampolė liquid energy products terminals, Klaipėda LNG terminal, Klaipėda small-scale LNG reloading station, other LNG terminals in Brazil and Germany. Since 2015 company have been actively engaged in the development of numerous LNG projects worldwide providing LNG business development services.[4]

Klaipėda Liquid Energy Products Terminal

The Klaipėda Liquid Energy Products Terminal was commissioned on 27 November 1959 and its exported fuel oil from Soviet oil refineries in Yaroslavl, Perm, and Ryazan. As of today, the main customer of the terminal is the ORLEN Lietuva oil refinery in Mažeikiai.[5] The terminal served also crude oil shipments to Belarus.[6]

LNG terminal

Main article: Klaipėda LNG FSRU

KN Energies is an operator of the Lithuanian LNG terminal and owner of its floating storage and regasification unit FSRU Independence. The consultant of the project was Fluor Corporation.[7] The terminal was launched on December 3, 2014.[8] The terminal is using a liquefied natural gas floating storage and regasification unit with a capacity up to 3.75 billion cubic metres (132 billion cubic feet)[9] of natural gas per year.[10]

References

1. "Regarding the election of CEO of AB Klaipedos Nafta".
2. "Consolidated KN Energies financial data", rekvizitai.vz.lt
3. "KN - Knowledge driven".
4. "KN - Knowledge driven".
5. "Klaipėda Oil terminal cuts scale of operations". The Baltic Times. 2006-10-18. Retrieved 2011-09-21.
6. "Klaipėda terminal could get trial shipment of oil for Belarus in autumn". Lithuania Tribune. 2010-04-08. Archived from the original on 2013-01-28. Retrieved 2011-09-21.
7. Seputyte, Milda (2011-07-01). "Klaipedos Nafta Hires Flour as Advisor to Build LNG Terminal". Bloomberg. Retrieved 2011-09-21.
8. Pradeda veikti SGD terminalas. Vakarų ekspresas, 2014-12-03
9. https://www.kn.lt/en/our-activities/lng-terminals/klaipeda-lng-terminal/559#sbi823
10. Adomaitis, Nerijus (2011-08-30). "Lithuania to call tender on LNG FSRU in October". CNBC. Reuters. Retrieved 2011-09-21.^[dead link‍]

External links

• Official website