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The power terminal operator, AB Klaipedos Nafta (KN), has concluded the annual Klaipeda LNG terminal capability allocation process, with the LNG terminal’s 6 TWh regasification capability for the 2024 terminal fuel yr allotted to 4 prospects from Lithuania and Estonia.
In 2024, a complete of about 34 TWh of pure fuel is predicted to be regasified, with cargoes to be delivered by 34 standard LNG carriers. A lot of the pure fuel (24 TWh) can be delivered to prospects from Lithuania, Latvia, and Poland, which booked long-term LNG terminal capability final yr. An extra 4 TWh of capability from the spot market can be allotted over the following yr, based mostly on the necessity to import pure fuel to make sure the remoted operation of the electrical energy system and, within the absence of such a necessity, to fulfill pure fuel demand on a case by case foundation.
“The worldwide pure fuel market remains to be stuffed with uncertainties, subsequently it’s of utmost significance that in such turbulent instances Klaipeda LNG terminal operates easily and nearly at most capability, and KN absolutely ensures the availability of regasification companies in keeping with the wants of the regional market. A complete of six prospects will use the LNG terminal companies subsequent yr. We’re delighted that the capability allocation mannequin, which was up to date in 2022, has contributed to the soundness in the usage of the LNG terminal and permits the terminal customers to plan their cargo deliveries precisely, thus guaranteeing a dependable pure fuel provide on the best worth available on the market for the shoppers in Lithuania and the encompassing international locations,” mentioned Mindaugas Navikas, Chief Business Officer of KN.
From the start of the yr till 23 July 2023, the LNG terminal has obtained 20 giant scale LNG carriers, and the identical variety of LNG carriers is deliberate to be obtained by the tip of the yr. Throughout this era, 2.9 million m3 of LNG have been delivered, with the bulk (48%) coming from Norway. In 2023, pure fuel was additionally imported from the USA, Nigeria and Algeria. It’s deliberate that about 37 TWh of pure fuel can be regasified at Klaipeda LNG terminal this yr.
By comparability, in 2022, 46 LNG carriers introduced in nearly 5 million m3 of LNG, with the bulk (65%) coming from the US. Final yr, the LNG terminal regasified a complete of 32.1 TWh of pure fuel.
As of 1 Could 2022, every LNG terminal person, i. e., firms importing pure fuel by Klaipeda LNG terminal, pays the identical mounted worth for LNG terminal companies. In the meantime, the safety complement paid by pure fuel shoppers in Lithuania doesn’t presently embrace the prices of sustaining the LNG terminal.
Learn the article on-line at: https://www.lngindustry.com/regasification/03082023/klaipda-lng-terminal-capacity-allocated-for-2024/
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