Lithuanian oil and LNG terminal operator AB Klaipedos Nafta (KN) announced the appointment of Linas Kilda as its new LNG business development director
Mr Kilda will be responsible for leading the company’s global LNG terminals developments.
In a social media post congratulating Mr Kilda, KN said he joined the company seven years ago just prior to the launch of Klaipėda FSRU-based LNG terminal construction.
Mr Kilda said the business development team would "compete on global LNG opportunities, secure the company’s involvement in new floating terminal projects and implement the company’s Strategy 2030".
KN’s strategy includes the ambition to transform itself into a "leading regional oil and LNG hub operator and valued partner for global LNG solutions".
Due to extremely favourable international LNG prices, said KN, the demand for the services at the Klaipėda LNG terminal have increased significantly. During H1 2020, the LNG terminal received 35 gas carriers – more than twice as many as in 2019. Accordingly, 11.1 TWh of LNG was regasified and transhipped during this period, up from 6.3 TWh in 2018. In 2020, the net operating profit of the LNG terminal was €5.5M (US$6.5M) – 67% higher than in the corresponding period in 2019. LNG terminal revenue decreased from €36M (US$42.2M) in the comparable period to €22M (US$25.8M).
Meanwhile, KN’s transhipment activity in oil and products at its terminals slowed during H1 2020. KN reported 2.6M tonnes of oil and products were transhipped at KN oil terminals, some 8% less than the same period in 2019. Revenue for KN oil terminals in H1 2020 was €16.1M (US$18.8M) and the net profit amounted to €3.1M (US$3.6M).
Besides the Klaipėda LNG terminal in Lithuania, KN has been named the operator of the Açu LNG terminal in Açu Port in Brazil. Açu Port, Gas Natural Açu, a joint venture owned by Prumo Logistica, BP and Siemens, is implementing a project of natural gas power plants, which is the largest in Latin America. It includes two natural gas-fired powered plants and the LNG import terminal.
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