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Published: 2016-10-07 07:51:03 CEST
KN Energies
Notification on material event

AB Klaipedos Nafta preliminary transhipment and revenue results for the September 2016

During September 2016 AB Klaipedos Nafta (hereinafter – the Company) reloaded 397 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. grater by 1.0 per cent compared to September 2015, when 393 thousand tons were reloaded.

During January - September of 2016 the Company in total reloaded 5,810 thousand tons of petroleum products into its storage tanks or greater by 24.1 per cent compared to the same period of 2015 when 4,683 thousand tons were reloaded. Total transhipment volume for the 3 quarters of 2016 is significantly higher (by 1,127 tons) compared to the same period of previous year because of periodic increased petroleum products freights from Byelorussia, and increased petroleum products transhipment of AB ORLEN Lietuva.

During September 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company 1.159 thousand MWh of the natural gas were re-gasified and supplied to the natural gas transmission system, i.e. grater by 3.6 times compared to September 2015, when 320 thousand MWh where re-gasified. During nine months of 2016 the Company in total re-gasified 12,218 thousand MWh of the natural gas, i.e. grater by 3.3 times compared to the same period of 2015 when 3,680 thousand MWh natural gas was re-gasified.

The preliminary sales revenues during January – September of 2016 of the Company’s oil terminal and SFB comprise EUR 29.7 million and are less by 2.3 per cent compared to the same period of 2015 (EUR 30.4 million). The sales revenue of AB Klaipedos Nafta oil terminal and SFB for the September 2016 comprise EUR 1.9 million that is less by 34.5 per cent compared to the revenue of September 2015 (Eur 2.9 million). It must be noted that by the end of September 2015 the Company was paid for the reserved capacities following the contracts that were in place.

The preliminary sales revenues of the Company’s LNG Terminal for September 2016 comprise EUR 5.5 million (July 2015 – EUR 5.4 million, increase by 1.9 per cent), which consist of the liquefaction and regasification activity revenues for the period calculated based on the tariffs approved by the National Control Commission for Energy control and prices. The preliminary revenue of the LNG terminal for the 9 months of 2016 comprise EUR 50.5 million and are grater by 3.9 per cent compared to the same period 2015 (EUR 48.6 million).

Total preliminary sales revenues of the Company for the 9 months of 2016 comprise EUR 80.2 million, i.e. 1.6 per cent grater compared to same period 2015 (EUR 79.0 million).

Petroleum products transshipment and LNG re-gasification:

  September January – September
  2016 2015 Change, % 2016 2015 Change, %
Petroleum products transshipment, thousand tons 397 393 1.0% 5,810 4,683 24.1%
LNG re-gasification, thousand MWh 1.159 320 262.2% 12,218 3,680 232.0%

 

Preliminary revenues of the Company, EUR million:

  September January – September
  2016 2015 Change, % 2016 2015 Change, %
Klaipeda oil terminal activity 1.6 2.7 -40.7% 27.6 28.6 -3.5%
Subacius fuel base activity 0.3 0.2 50.0% 2.1 1.8 18.3%
LNG terminal activity 5.5 5.4 1.9% 50.5 48.6 3.9%
Total: 7.4 8.3 -10.8% 80.2 79.0 1.6%

 

         Marius Pulkauninkas, Director of Finance and Administration Department, +370 46 391 763