AB Klaipėdos Nafta preliminary activity and revenue results for the October 2018
In October 2018 AB Klaipėdos nafta (hereinafter – the Company or KN) has reloaded 504 thousand tons of petroleum products in Klaipėda and Subačius oil terminal, comparing to the same period of 2017 has reloaded more by 7 per cent.
During the first ten months of 2018 the Company in total reloaded 5,534 thousand tons of petroleum products into its storage tanks or less by 2.9 per cent compared to the same period of 2017 when 5,697 thousand tons were reloaded. The overall decrease in loading volumes for the ten months mainly was affected by the lower of light oil products from ORLEN Lietuva refinery.
The preliminary sales revenue of the Company’s oil terminals’ for October 2018 were the same as 2017 and amount to EUR 2.5 million. The preliminary sales revenue for January – October 2018 of the Company’s oil terminals comprise EUR 29.8 million (during the same period of 2017 - EUR 30.3 million).
In October 2018 the Company’s Liquefied Natural Gas (LNG) terminals has re-gasified and reloaded 709 thousand MWh of natural gas in the same period of 2017 were reloaded 993 thousand MWh. During the first ten months of 2018 the Company in total re-gasified and reloaded 7,811 thousand MWh of the natural gas (during the same period of 2017 – 11,660 thousand MWh).
The preliminary sales revenue of the Company’s LNG Terminal for October 2018 comprise to EUR 5.4 million (October 2017 – EUR 5.5 million or less by 1.8 per cent). Revenue consists of the re-gasification tariff fixed part (for booked annual capacities) and variable part for amount of regasified LNG as well as and reloading tariffs. The preliminary revenue of the LNG terminal for the first ten months of 2018 comprise EUR 53.9 million and are lower by 5.9 per cent compared to the same period of 2017 (EUR 57.3 million).
Total preliminary sales revenue of the Company in the first ten months of 2018 amount to EUR 83.7 million, or less by 4.5 per cent compared with the same period of 2017 - EUR 87.6 million.
Petroleum products transhipment and LNG re-gasification and reloading:
| October | January - October | |||||
| 2018 | 2017 | Change, % | 2018 | 2017 | Change, % | |
| Petroleum products reloaded, thousand tons | 504 | 471 | 7.0% | 5,534 | 5,697 | -2.9% |
| LNG re-gasification and reloading, thousand MWh | 709 | 993 | -28.6% | 7,811 | 11,660 | -33.0% |
Petroleum products transshipment, LNG re-gasification and reloading volumes in 2018:
| January | February | March | April | May | June | July | August | September | October | |
| Petroleum products reloaded, thousand tons | 776 | 664 | 599 | 403 | 637 | 516 | 514 | 487 | 434 | 504 |
| LNG re-gasification and reloading, thousand MWh | 263 | 328 | 509 | 1,150 | 1,450 | 819 | 838 | 644 | 1,101 | 709 |
Preliminary revenue of the Company, EUR million:
| October | January - October | |||||
| 2018 | 2017 | Change, % | 2018 | 2017 | Change, % | |
| Oil terminals’ activity | 2.5 | 2.5 | 0.0% | 29.8 | 30.3 | -1.7% |
| LNG terminal activity | 5.4 | 5.5 | -1.8% | 53.9 | 57.3 | -5.9% |
| Total: | 7.9 | 8.0 | -1.3% | 83.7 | 87.6 | -4.5% |
Jonas Lenkšas, Chief Financial Officer,
