ORLEN Secures Entry to LNG Station in Lithuania

ORLEN Group has secured entry to a liquefied pure gasoline (LNG) reloading wharf station in Lithuania.

The Polish multinational stated in a information launch it has entered right into a five-year unique settlement with Lithuania’s KN Energies, beforehand referred to as Klaipedos Nafta, granting it sole entry to a small-scale LNG reloading wharf station in Klaipėda.

The settlement will bolster gasoline provide to northeastern Poland and the broader Baltic area, ORLEN stated. Because the initiation of an earlier contract, ORLEN said that it has obtained almost 60 thousand metric tons of LNG through the Klaipėda terminal.

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Efficient till the tip of March 2030, the settlement with KN Energies ensures that LNG obtained by ORLEN on the Lithuanian reloading station might be transported by street tankers to prospects, predominantly in northeastern Poland, the corporate stated.

In line with the discharge, the LNG provide might be essential for enterprise purchasers and LNG regasification stations in areas past the attain of the prevailing gasoline community. The transport route is “considerably extra environment friendly” than relying solely on shipments from the Świnoujście terminal, which stays Poland’s major LNG import hub, ORLEN said.

The Klaipėda reloading terminal, equipped by vessels with a capability 30 occasions smaller than standard ocean-going methane carriers, is supplied with 5 LNG tanks, providing a complete capability of 176,500 cubic ft (5,000 cubic meters) of liquefied gasoline. It additionally options wharf infrastructure designed to deal with LNG cargoes, reloading them onto smaller vessels, in response to the discharge.

“The extension of our partnership with KN Energies is a big milestone in reinforcing our place within the Baltic area’s LNG market,” Ireneusz Fąfara, CEO and President of the Administration Board of ORLEN, stated. “Whereas the Świnoujście terminal stays an important hub for our LNG operations, the Klaipėda reloading station performs an important complementary position, permitting us to optimize the price of logistics. Past serving the Polish market, the LNG sourced there’s additionally equipped to Lithuania, Latvia and Estonia, the place we’re witnessing rising curiosity in cooperation with ORLEN”.

“We consider that this settlement will flourish additional cooperation with Orlen and can present favorable circumstances for even larger LNG loading volumes by means of the reloading station to LNG semitrailers and can create added worth for our consumer and your complete Polish and Baltic area,” KN Energies CEO Darius Šilenskis stated. “Though it’s a small-scale LNG terminal, it has large potential and significance for your complete LNG worth chain. We admire the constructive cooperation with our companions in Poland”.

Past small-scale LNG operations, ORLEN stated it additionally imports massive volumes of LNG by means of a floating terminal operated by KN Energies in Klaipėda. It has secured long-term regasification capability, reserved till 2032, permitting it to import through the terminal over 17.66 billion cubic ft (0.5 billion cubic meters) of pure gasoline per yr.

So far, ORLEN has obtained 10 cargoes, totaling roughly 656 thousand metric tons. After regasification, the LNG is distributed between prospects within the Baltic states and the Polish market, flowing by means of the Fuel Interconnection Poland–Lithuania (GIPL) pipeline, which has been operational since Could 2022.

KN Energies describes itself as a global power terminal operator that ensures protected and dependable flows of liquid power merchandise and LNG for customers within the Baltic Sea area. The corporate helps purchasers worldwide develop sustainable power infrastructure initiatives with its data and abilities.

KN Energies at the moment operates three liquid power product terminals in Lithuania and operates LNG terminals in Lithuania, Germany, and Brazil. Moreover, it supplies industrial operation companies for 4 floating LNG terminals in Germany.

To contact the writer, e-mail rocky.teodoro@rigzone.com