Information Regarding LNG Terminal Regasification Capacilities

Source: www.gulfoilandgas.com 3/6/2023, Location: Not categorized

AB Klaipedos nafta as LNG Terminal Operator (hereinafter – the Operator), announces that requests for the Klaipeda LNG Terminal secondary market Capacity Allocation are being accepted starting from 6th of March, 2023 until 24th of March (or until first duly submitted request is received), 2023. With this announcement the Operator seeks to allocate one Conventional LNG cargo scheduled on 9th/10th of June, 2023 regasification capacity with fixed regasification profile: from 1st of May, 2023 until 30th of June, 2023.

According to the Regulations or use of the LNG terminal, after the terminal user informs the Operator about the regasification capacity which is not planned to be used, the Operator, following the principles and procedures of terminal capacity congestion management, announces the respective capacity availability to book on the Secondary capacity market. Market participants are granted the right to submit a request for the allocation of these capacities in accordance with the procedure mentioned in the Regulations.

Considering that the Klapeda LNG terminal is regulated infrastructure, the price of the capacity allocated on the Secondary market is equal to the LNG gasification price (1.41 EUR/MWh) which is set by the National Energy Regulatory Council for the period of 2023.

Requests should be submitted and the Operator should allocate the aforementioned Terminal capacities in accordance with the terms and conditions set for the allocation of capacities for Spot Cargo (Section 7 of Chapter IV of the Regulations).

Requests, together with the documents specified in clauses 46-47 of the Regulations, shall be submitted to the Operator via e-mail: paslaugos@kn.lt. Requests for allocation of Terminal Capacities are considered and decisions are made not later than in 3 (three) business days after the deadline for submission of requests specified in the Invitation.

Capacities being allocated on the Secondary market: LNG regasification
Size of the capacity: 1 000 000 000 kWh
Period of use of terminal capacities: from 1st of May, 2023 until 30th of June, 2023
Average regasification: 17 276 535 kWh/day
Arrival Period: 9th/10th of June
Regasification price: 1.41 Eur/ MWh

Borrowing/lending mechanism is applied.





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