Lithuania's KN secures LNG terminal concession in Brazil

Lithuania's oil and LNG terminals operator Klaipėdos Nafta has been appointed as the operator of a liquefied natural gas

The world's first LNG-powered 23,000-TEU container ship

Klaipėda (Lithuania) - Lithuania's oil and LNG terminals operator Klaipėdos Nafta has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu. KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed a respective agreement for the provision of the services.
 
Following the signing of the agreement, KN assumes the responsibility for the provision of safe, reliable and efficient operations, including maintenance of the jetty and its installations, gas pipeline and gas metering stations as well as supporting the commissioning of the LNG Terminal. The agreement will become effective once GNA receives remaining corporate and lenders approvals. The initial term of the agreement is for a 13-year operational period following the completion of the terminal and can be extended upon mutual agreement. LNG terminal at the port of Açu is due to start operations in 2020 for the commissioning of GNA’s Thermal Power Plant, UTE GNA I.
 
“I am excited that today KN brings its expertise to a key project in the expanding Brazilian energy market and I believe that by choosing an independent operator GNA has established the most effective setup for the operations at the Port of Açu LNG terminal. This year marks the 60th anniversary of KN as a company and 5 years of successful operations at the Klaipeda LNG terminal and I am proud to see the increasing demand for our services internationally, - says Darius Šilenskis, CEO of KN. - The highest standards achieved in implementation of the LNG terminal project in Lithuania are recognised internationally. Over time, we have accumulated competences that we seek to utilize globally to earn returns for our shareholders.”
 
The LNG to power project, developed by GNA at the Port of Açu in Brazil, is the largest of its kind in South America. The project includes two natural gas-fired power plants with a combined capacity of 3GW and the LNG import terminal with a regasification capacity of 21mm m3/day. The newly built FSRU BW Magna of 170,000 cubic meter storage capacity is delivered and operated by BW, while the liquefied natural gas will be supplied by BP, also a shareholder at GNA.
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