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

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| Source: Klaipedos Nafta
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Transhipment during September 2017 in Klaipėda and Subačius oil terminals of AB Klaipėdos nafta (hereinafter – the Company) remained high, 666 thousand tons of petroleum products were reloaded into its storage tanks during September 2017, i.e. greater by 67.8 per cent compared to September 2016, when 397 thousand tons were reloaded.

During the first nine months of 2017 the Company in total reloaded 5,226 thousand tons of petroleum products into its storage tanks or less by 10.1 per cent compared to the same period of 2016 when 5,810 thousand tons were reloaded.

These changes are related 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 September 2017 in the Liquefied Natural Gas (LNG) terminal of the Company 1,964 thousand MWh of the natural gas were re-gasified and supplied to the natural gas transmission system, while in September 2016 – 1,159 thousand MWh. During the first nine months of 2017 the Company in total re-gasified and reloaded 10,667 thousand MWh of the natural gas (during the same period of 2016 – 12,218 thousand MWh). The LNG terminal activity level is lower in relation with lower capacities ordered by the terminal users.

The preliminary sales revenues for September 2017 of Klaipėda and Subačius oil terminals comprise EUR 3.2 million and are higher by 68.4 percent compared to the same period of 2016 (EUR 1.9 million). The preliminary sales revenues for January- September 2017 of the Company’s oil terminals comprise EUR 28.1 million and are less by 6.5 per cent compared to the same period of 2016 (EUR 30.0 million).

The preliminary sales revenues of the Company’s LNG Terminal for September 2017 comprise EUR 5.6 million (September 2016 – EUR 5.5 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 nine months of 2017 comprise EUR 51.7 million and increased by 2.4 per cent compared to the same period of 2016 (EUR 50.5 million).

Total preliminary sales revenues of the Company for the first nine months of 2017 comprise EUR 79.8 million, i.e. 0.9 per cent lower compared to same period 2016 (EUR 80.5 million).

Petroleum products transshipment and LNG re-gasification and reloading:

  September January – September
  2017 2016 Change, % 2017 2016 Change, %
Petroleum products transshipment, thousand tons 666 397 67.8% 5,226 5,810 -10.1%
LNG re-gasification and reloading, thousand MWh 1,964 1,159 69.5% 10,667 12,218 -12.7%

 

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

  January February March April May June July August September
Petroleum products transshipment, thousand tons 625 561 368 435 668 605 671 627 666
LNG re-gasification and reloading, thousand MWh 784 105 652 1,436 1,233 659 1,668 2,176 1,964

 

Preliminary revenues of the Company, EUR million:

  September January – September
  2017 2016 Change, % 2017 2016 Change, %
Oil terminals’ activity 3.2 1.9 68.4% 28.1 30.0 -6.5%
LNG terminal activity 5.6 5.5 1.8% 51.7 50.5 2.4%
Total: 8.8 7.4 18.9% 79.8 80.5 -0.9%

 

         Marius Pulkauninkas, Chief Financial Officer, 8 46 391 763