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AB Klaipėdos Nafta preliminary activity and revenue results for the October 2017

Friday, 10 November 2017 | 00:00

During October 2017 in Klaipėda and Subačius oil terminals of AB Klaipėdos nafta (hereinafter – the Company) comprised 471 thousand tons of petroleum products were reloaded into its storage tanks, i.e. greater by 16.9 per cent compared to October 2016, when 403 thousand tons were reloaded.

During the first ten months of 2017 the Company in total reloaded 5,697 thousand tons of petroleum products into its storage tanks or less by 8.3 per cent compared to the same period of 2016 when 6,214 thousand tons were reloaded.

These changes are explained with great transhipment results recorded in the first half of 2016 significantly reduced in the second half. In the spring of 2017, transhipment volumes started its recovery and growth reflected by the changes in geopolitical situation and influence of the new clients' petroleum products.

In October 2017 in the Liquefied Natural Gas (LNG) terminal of the Company 1,034 thousand MWh of the natural gas were re-gasified and supplied to the natural gas transmission system, while in October 2016 – 631 thousand MWh. During the first ten months of 2017 the Company in total re-gasified and reloaded 11,660 thousand MWh of the natural gas (during the same period of 2016 – 12,850 thousand MWh). The LNG terminal activity level is lower in relation with lower capacities ordered by the terminal users.

The preliminary sales revenues for October 2017 of Company's oil terminals' comprise EUR 2.5 million and are higher by 30.8 percent compared to the same period of 2016 (EUR 1.9 million). The preliminary sales revenues for January – October 2017 of the Company's oil terminals comprise EUR 30.2 million and are less by 5.0 per cent compared to the same period of 2016 (EUR 31.8 million).

The preliminary sales revenues of the Company's LNG Terminal for October 2017 comprise EUR 5.5 million (October 2016 – EUR 5.4 million). These revenues comprise from the part of security supplement dedicated for compensation of LNG terminal exploitation expenses, as well as regasification and reloading tariffs. The preliminary revenues of the LNG terminal for the first ten months of 2017 comprise EUR 57.2 million and increased by 2.1 per cent compared to the same period of 2016 (EUR 56.0 million).

Total preliminary sales revenues of the Company for the first ten months of 2017 comprise EUR 87.5 million, i.e. 0.2 per cent lower compared to same period 2016 (EUR 87.7 million).

Petroleum products transhipment and LNG re-gasification and reloading:

OctoberJanuary – October
20172016Change, %20172016Change, %
Petroleum products transhipment, thousand tons47140316.9%5,6976,214-8.3%
LNG re-gasification and reloading, thousand MWh1,03463163.9%11,66012,850-9.3%

Petroleum products transhipment and LNG re-gasification and reloading in 2017 by month:

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober
Petroleum products transhipment, thousand tons625561368435668605671627666471
LNG re-gasification and reloading, thousand MWh7841056521,4361,2336591,6682,1761,9641,034

Preliminary revenues of the Company, EUR million:

OctoberJanuary – October
20172016Change, %20172016Change, %
Oil terminals' activity2.51.930.8%30.231.8-5.0%
LNG terminal activity5.55.41.9%57.256.02.1%
Total:8.07.39.6%87.587.7-0.2%

Source: Klaipedos Nafta

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