For the first time, Naftogaz Group has secured long-term LNG regasification capacity in Europe. The capacity provides access to the LNG terminal in Klaipėda, Lithuania, for the period from 2033 to 2044.

The allocation procedure was successfully completed by the terminal operator, KN Energies. Naftogaz was one of five companies that secured the right to use the terminal on a long-term basis. The other successful participants were Equinor, Ignitis, Latvenergo and Gasum.

For Ukraine, this is an important step toward diversifying natural gas supply sources and routes, as well as strengthening the country’s energy security.

Previously, Naftogaz carried out similar operations in cooperation with international companies. Direct capacity booking opens up new opportunities for Naftogaz in terms of long-term supply planning and participation in the global LNG market.

This marks a new level of cooperation and supply planning. Decisions like this are strategically important for Ukraine’s energy security. They expand our access to the global LNG market and strengthen the long-term resilience of Ukraine’s gas supply. I would like to thank the Government of Ukraine and our Lithuanian partners for their cooperation and trust. This is another important step toward strengthening the energy security of Ukraine and the wider European region,” said Sergii Koretskyi, Chief Executive Officer of Naftogaz.

The booking of long-term LNG terminal capacity in Klaipėda is part of Naftogaz Group’s broader efforts to expand access to alternative natural gas supply sources and strengthen Ukraine’s energy resilience during the war.

About Naftogaz

Naftogaz is the national oil and gas company of Ukraine, which was established in 1998. Headquartered in Kyiv, the company covers a full range of activities in the oil and gas business including: production and refinery; transportation and storage; wholesale trade and distribution as well as technical support.

About KN

KN is an international energy terminal operator that provides safe and reliable flows of liquid energy, loading of chemicals and raw materials for consumers of the Baltics region, while providing clients around the world with the knowledge and skills to develop infrastructure projects of sustainable energy. The company currently operates three terminals for liquid energy products in Klaipėda, Subačius, and Marijampole, and is the operator of liquefied natural gas (LNG) terminals in Lithuania and Brazil. KN also provides commercial operation services for four floating LNG terminals of Germany.