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

Vilnius, LITHUANIA


During March 2017 AB Klaipėdos Nafta (hereinafter – the Company) reloaded 368 thousand tons of petroleum products into its storage tanks of Klaipėda and Subačius oil terminals, i.e. less by 52.9 per cent compared to March 2016, when 782 thousand tons were reloaded. The reduce in transhipment volume is explained by the planned turnaround of AB ORLEN Lietuva refinery and respectively temporary reduction of petroleum products export by this company also by the reduce in transit cargos from Belorussia refineries in connection with reduction of crude oil supply into these refineries.

During the first three months of 2017 the Company in total reloaded 1,554 thousand tons of petroleum products into its storage tanks or less by 33.0 per cent compared to the same period of 2016 when 2,321 thousand tons were reloaded.

In the Liquefied Natural Gas (LNG) terminal of the Company during March 2017 re-gasified and supplied to the natural gas transmission system total 652 thousand MWh of the natural, while in March 2016 - 2.313 thousand MWh. During the first three months of 2017 the Company in total re-gasified and reloaded 1,542 thousand MWh of the natural gas (during the same period of 2016 - 5,088 thousand MWh). The LNG terminal activity level decreased in relation with lower capacities ordered by the terminal users.

The preliminary sales revenues for March 2017 of Klaipėda and Subačius oil terminals comprise EUR 3.3 million and are less by 23.3 percent compared to the same period of 2016 (EUR 4.3 million). The preliminary sales revenues for January-March 2017 of the Company’s oil terminals comprise EUR 8.7 million and are less by 28.2 per cent compared to the same period of 2016 (EUR 12.1 million).

The preliminary sales revenues of the Company’s LNG Terminal for March 2017 comprise EUR 5.4 million (March 2016 – EUR 5.8 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 three months of 2017 comprise EUR 18.5 million and increased by 2.2 per cent compared to the same period of 2016 (EUR 18.1 million).

Total preliminary sales revenues of the Company for the 2017 comprise EUR 27.2 million, i.e. 10.0 per cent less compared to same period 2016 (EUR 30.2 million).

Petroleum products transshipment and LNG re-gasification and reloading

  March January – March
  2017 2016 Change, % 2017 2016 Change, %
Petroleum products transshipment, thousand tons 368 782 -52.9% 1,554 2,321 -33.0%
LNG re-gasification and reloading, thousand MWh 652 2,313 -71.8% 1,542 5,088 -69.7%

 

Preliminary revenues of the Company, EUR million

  March January – March
  2017 2016 Change, % 2017 2016 Change, %
Klaipėda oil terminal activity 3.1 4.1 -24.4% 8.1 11.4 -28.9%
Subačius oil terminal activity 0.2 0.2 0.0% 0.6 0.7 -15.7%
LNG terminal activity 5.4 5.8 -6.9% 18.5 18.1 2.2%
Total: 8.7 10.1 -13.9% 27.2 30.2 -10.0%

 

         Acting General Manager Marius Pulkauninkas, tel. +370 46 391763