Announcement of Non Binding Open Season Procedure for Klaipeda LNG Terminal Capacity Expansion

Source: 12/19/2022, Location: Not categorized

AB Klaipedos nafta (hereinafter – KN) as the operator of Klaipeda LNG Terminal together with gas transmission system operator AB Amber Grid (hereinafter – Amber Grid) seek to evaluate possibilities to expand current Klaipeda LNG terminal regasification capacity as well capacity of gas transmission system in relevant entry and exit points and create possibility to book additional LNG import capacity in the future (hereinafter – the Project). The implementation of the Project should create additional LNG import capacity of up to 2.5 bcm/year preliminary starting from 2nd half of 2026.

As the first step of the Project, KN and Amber Grid (hereiafter together – the Operators) seek to assess the market participants’ demand of Expanded Capacity. Therefore, the Operators announce joint process of Open Season procedure at Klaipeda LNG Terminal and Lithuanian gas transmission system. Procedure will start with non-binding phase and afterwards will continue with the binding phase (if sufficient demand for additional capacity would be identified during the non-binding phase).

Non-binding phase of Open Season Procedure starts at 19th of December 2022 and lasts until 1st of February 2023. Announcement of the decision to conduct the binding phase of the Open Season Procedure will follow afterwards and be published by 1st of March 2023.

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