AB Klaipėdos Nafta Preliminary Activity & Revenue Results for the April 2019
05.10.2019 - NEWS

May 10, 2019 [Globe Newswire] – In April 2019 AB Klaipėdos nafta (hereinafter – the Company or KN) has reloaded 433 thousand tons of petroleum products in Klaipėda and Subačius oil terminals. Comparing with the same period of 2018 (403 thousand tons) were reloaded more by 7.4 per cent.

 
During the first four months of 2019 the Company in total reloaded 1,974 thousand tons of petroleum products into its storage tanks or less by 19.2 per cent compared to the same period of 2018 when 2,442 thousand tons were reloaded. The overall decrease in loading volumes for the four months mainly were 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 EUR 2.4 million. The preliminary sales revenue for January – April 2019 of the Company’s oil terminals comprise EUR 10.6 million (during the same period of 2018 – EUR 13.8 million).

In April 2019 the Company’s Liquefied Natural Gas (LNG) terminals have re-gasified and reloaded 1,475 thousand MWh of natural gas, comparing to the same period of 2018 (1,150 thousand MWh) it is more by 28.3 per cent. During the first four months of 2019 the Company in total re-gasified and reloaded 2,215 thousand MWh of the natural gas (during the same period of 2018 – 2,250 thousand MWh).

The preliminary sales revenue of the Company’s LNG Terminal for April 2019 comprised EUR 7.7 million (during the same period of 2018 – EUR 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 comprise EUR 30.6 million and are higher by 39.1 per cent 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 EUR 41.2 million, or more by 15.1 per cent compared to the same period of 2018 – EUR 35.8 million.

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