KNF1L Klaipedos Nafta AB

KN Energies signs Grant Agreement with the European Commission

KN Energies signs Grant Agreement with the European Commission

International energy terminal operator AB KN Energies (hereinafter – KN, the Company) has signed a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is a part of the CCS Baltic Consortium’s cross-border carbon dioxide (CO2) capture, transport and storage value chain currently under development across Lithuania and Latvia.  

Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipėda technical and commercial studies from the Connecting Europe Facility programme for Energy (CEF).  

The EU will co-finance 50% of the study costs. The funding will support technical, commercial, and environmental assessments, enabling a Final Investment Decision (FID) by the end of 2027. The CO₂ terminal is expected to begin commercial operations in 2030. 

The CCS Baltic Consortium, coordinated by the Company, aims to create the first integrated carbon capture, transport, and storage (CCS) value chain in the Baltic region. 

In recognition of its strategic cross-border importance, the project was granted Project of Common Interest (PCI) status by the European Commission at the end of 2023, making it eligible for CEF funding. 

Formed in 2022, the CCS Baltic Consortium currently includes Akmenės Cementas AB, KN Energies AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA. The consortium also collaborates with gas transmission system operators Amber Grid (Lithuania) and Conexus Baltic Grid (Latvia) to assess CO₂ transportation via onshore pipeline the consortium remains open to the participation of other regional emitters. 



Tomas Tumėnas, Chief Financial Officer,

 



EN
12/06/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Klaipedos Nafta AB

 PRESS RELEASE

Pranešimas apie šaukiamą AB „KN Energies“ neeilinį visuotinį akcininkų...

Pranešimas apie šaukiamą AB „KN Energies“ neeilinį visuotinį akcininkų susirinkimą Pranešame, kad AB „KN Energies“, juridinio asmens kodas 110648893, buveinė registruota adresu Burių g. 19, Klaipėda (toliau – Bendrovė), valdybos iniciatyva ir sprendimu 2025 m. rugpjūčio 18 d. 13:00 val. sušaukiamas Bendrovės neeilinis visuotinis akcininkų susirinkimas. Susirinkimas vyks Bendrovės administracijos patalpose J. Janonio g. 6B, Klaipėda (III aukšto posėdžių salėje). Susirinkimo darbotvarkė: 1. Dėl AB „KN Energies“ stebėtojų tarybos nario išrinkimo. 2. Dėl atlygio naujai išrinktam stebėtojų ta...

 PRESS RELEASE

Notice on Convocation of Extraordinary General Meeting of Shareholders...

Notice on Convocation of Extraordinary General Meeting of Shareholders of AB “KN Energies” Notice is hereby given that on the initiative and by the resolution of the Board of AB “KN Energies”, legal entity code 110648893, with the registered office at Burių str. 19, Klaipėda (hereinafter - the Company), Extraordinary General Meeting of Shareholders of the Company will be held on 18 August 2025 at 1:00 p.m. The meeting will be held in the Company’s administrative office, J. Janonio str. 6B, Klaipėda (in the hall of the meeting on the 3rd floor). Agenda of the meeting: 1. Regarding the elec...

 PRESS RELEASE

„KN Energies“ pasirašė dotacijos sutartį su Europos Komisija

„KN Energies“ pasirašė dotacijos sutartį su Europos Komisija Tarptautinė energijos terminalų operatorė AB „KN Energies“ (toliau – KN, Bendrovė) pasirašė dotacijos sutartį su Europos Komisija dėl planuojamo CO₂ terminalo Klaipėdoje techninių ir komercinių studijų įgyvendinimo. Šis terminalas yra „CCS Baltic Consortium“ tarpvalstybinės anglies dioksido (CO₂) surinkimo, transportavimo ir saugojimo vertės grandinės, apimančios Lietuvą ir Latviją, dalis.  Pagal pasirašytą susitarimą Europos Komisija skirs daugiau nei 3 mln. eurų CO₂ terminalo Klaipėdoje techninėms ir komercinėms studijoms pagal...

 PRESS RELEASE

KN Energies signs Grant Agreement with the European Commission

KN Energies signs Grant Agreement with the European Commission International energy terminal operator AB KN Energies (hereinafter – KN, the Company) has signed a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is a part of the CCS Baltic Consortium’s cross-border carbon dioxide (CO2) capture, transport and storage value chain currently under development across Lithuania and Latvia.   Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipė...

 PRESS RELEASE

The selection of a member of the Supervisory Board of AB KN Energies –...

The selection of a member of the Supervisory Board of AB KN Energies – a civil servant has been announced On 26 May 2025, the Ministry of Energy of the Republic of Lithuania announced the ongoing selection procedure for the position of a state-delegated member of the Supervisory Board – civil servant in the public limited liability company KN Energies (hereinafter – the Company) until the expiry of the term of office of the current Supervisory Board – 20 October 2026. The selection of a member of the Supervisory Board shall be carried out in accordance with the Description of Selection of ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch