Energy, Gas, Good for Business, Lithuania, Oil, Port, Transport

Mindaugas Jusius, the company's CEO, says September did not only mark recovery of loading operations at the LNG terminal but also set the terminal's all-time record of handled gas carriers.

"In September, the Klaipeda port welcomed three large-scale LNG carriers and a small-scale LNG bunkering vessel. We worked at a maximum capacity of 90%, we reached the peak of the terminal's use, which led to a considerable increase in degasification figures," Jusius said in a press release.

The company said its September revenue was 8.8 million euros in September, up by 18.9% year-on-year: oil product loadings at the terminal soared by 68.4% to 3.2 million euros last month and LNG loading went up by 1.8% to 5.6 million euros. In the first three quarters of 2017, revenue stood at 79.8 million euros, down by 0.9% year-on-year: dropping by 6.5% to 28.1 million euros from oil product loading and up by 2.4% to 51.7 million euros from LNG.

The company handled 5.22 million tons of oil products i n the January-September period , which is a decline by 10.1% year-on-year, and 666,000 euros in September alone (up by 67.8%), while respective degasification figures were 10.67 million MWh of gas (down by 12.7%) and 1.96 million MWh of gas, as compared with 1.1 million MWh in September of 2016.

The state owns 72.32% of shares in Klaipedos Nafta , which is quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.