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

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| Source: Klaipedos Nafta
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During November 2017 in AB Klaipėdos nafta (hereinafter – the Company) reloaded 646 thousand tons of petroleum products into its storage tanks of Klaipėda and Subačius oil terminals, i.e. greater by 18.8 per cent compared to November 2016, when 544 thousand tons were reloaded.

During 11 months of 2017 the Company in total reloaded 6,342 thousand tons of petroleum products into its storage tanks or less by 6.2 per cent compared to the same period of 2016 when 6,758 thousand tons were reloaded.

Improved geopolitical situation and Company’s ability to attract new clients and new oil products in the second half of 2017 enables the Company to get closer to the transhipment level of 2016 year.

In November 2017 in the Liquefied Natural Gas (LNG) terminal of the Company 1,641 thousand MWh of the natural gas were re-gasified and supplied to the natural gas transmission system, while in November 2016 – 911 thousand MWh. During the first eleven months of 2017 the Company in total re-gasified and reloaded 13,301 thousand MWh of the natural gas (during the same period of 2016 – 13,761 thousand MWh).

The preliminary sales revenues for November 2017 of Company’s oil terminals’ comprise EUR 3.5 million and are higher by 40.0 percent compared to the same period of 2016 (EUR 2.5 million). The preliminary sales revenues for January - November 2017 of the Company’s oil terminals comprise EUR 33.7 million and are less by 1.7 per cent compared to the same period of 2016 (EUR 34.3 million).

The preliminary sales revenues of the Company’s LNG Terminal for November 2017 comprise EUR 5.6 million (November 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 eleven months of 2017 comprise EUR 62.8 million and increased by 2.1 per cent compared to the same period of 2016 (EUR 61.5 million).

Total preliminary sales revenues of the Company for the first eleven months of 2017 comprise EUR 96.5 million, i.e. 0.7 per cent higher compared to same period 2016 (EUR 95.8 million).

 

Petroleum products transhipment and LNG re-gasification and reloading:

  November January – November
  2017 2016 Change, % 2017 2016 Change, %
Petroleum products transhipment, thousand tons 646 544 18.8% 6,342 6,758 -6.2%
LNG re-gasification and reloading, thousand MWh 1,641 911 80.1% 13,301 13,761 -3.3%

 

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

  January February March April May June July August September October November
Petroleum products transhipment, thousand tons 625 561 368 435 668 605 671 627 666 471 646
LNG re-gasification and reloading, thousand MWh 784 105 652 1,436 1,233 659 1,668 2,176 1,955 993 1,641

 

Preliminary revenues of the Company, EUR million:

  November January – November
  2017 2016 Change, % 2017 2016 Change, %
Oil terminals’ activity 3.5 2.5 40.0% 33.7 34.3 -1.7%
LNG terminal activity 5.6 5.5 1.8% 62.8 61.5 2.1%
Total: 9.1 8.0 13.8% 96.5 95.8 0.7%

 

         Marius Pulkauninkas, Chief Financial Officer, 8 46 391 763