Klaipėdos Nafta revenues down in first quarter but increase in April

In April 2019 AB Klaipėdos nafta (KN) has reloaded 433 thousand tonnes of petroleum products in Klaipėda and Subačius oil terminals, an increase of 7.4 percent on the same period last year.

During the first four months of 2019 the company in total reloaded 1,974 thousand tonnes of petroleum products into its storage tanks, 19.2 percent less than the first quarter of last year when 2,442 thousand tonnes were reloaded. The overall decrease in loading volumes for the four months mainly was affected by the lower quantities from ORLEN Lietuva oil refinery and by the lower transshipment quantities of heavy oil products transit during the first quarter of this year.

The preliminary sales revenue of the company’s oil terminals for April 2019 reached €2.4 million. The preliminary sales revenue for January – April 2019 was €10.6 million, down from €13.8 million in the same period last year.

In April 2019 the company’s LNG terminals have re-gasified and reloaded 1,475 thousand MWh of natural gas, compared to 1,150 thousand MWh in the same period of 2018. During the first four months of 2019 the company in total re-gasified and reloaded 2,215 thousand MWh of the natural gas, down from 2,250 thousand Mwh.

The preliminary sales revenue of KN’s LNG Terminal for April 2019 was €7.7 million, up from €5.3 million. Revenue consists of the re-gasification tariff fixed part (for booked annual capacities) and variable part for amount of re-gasified LNG, reloading revenues and additional income related to impact of currency exchange for lease liabilities. The preliminary revenue of the LNG terminal for the first four months of 2019 was €30.6 million, and increase of 39.1 percent compared to the same period of 2018 (EUR 22.0 million).

Total preliminary sales revenue of the company in January – April of 2019 amount to €41.2 million, 15.1 percent higher compared to the same period of 2018, which was €35.8 million.

For more information visit www.kn.lt

13th May 2019