Akcinė bendrovė „Klaipėdos nafta“ (KN)

Akcinė bendrovė „Klaipėdos nafta“ (often abbreviated as KN) is a Lithuanian state-controlled energy infrastructure company that develops and operates oil and liquefied natural gas (LNG) terminals, storage facilities, and related services. The company’s activities include crude oil and petroleum product handling, LNG regasification, small-scale LNG distribution, and international terminal operations advisory. KN is listed on Nasdaq Vilnius.

Company Overview

Legal name: Akcinė bendrovė „Klaipėdos nafta“ (AB „Klaipėdos nafta“)
Founded: 1994 (as a public company; the Klaipėda oil terminal infrastructure dates back to the Soviet-era port development)
Headquarters: Burių g. 19, LT-91249, Klaipėda, Lithuania
Industry sector: Energy infrastructure; Oil terminals; LNG terminals; Storage and logistics; Consulting and operations (O&M) for LNG terminals
Stock exchange: Nasdaq Vilnius (ticker commonly referenced as KNF1L)

Legal Information

Įmonės kodas (company code): 110648893
PVM mokėtojo kodas (VAT code): Not confirmed in available public sources used for this profile. It is typically presented with the LT prefix; please verify via the official registry or company website.
Oficiali svetainė (official website): https://www.kn.lt
El. paštas (email): info@kn.lt (general inquiries)
Registruotos buveinės adresas: Burių g. 19, LT-91249, Klaipėda, Lietuva
Telefonas (registered office, main switchboard): Not confirmed in the sources used; a general switchboard number is typically published by the company—please verify on the KN contacts page.

Business Operations

Main products/services: Petroleum product transshipment and storage at Klaipėda Oil Terminal; LNG regasification via the Klaipėda LNG terminal (FSRU „Independence“); small-scale LNG reload station and distribution services; strategic and operational advisory/O&M services for international LNG terminals; storage of petroleum products at the Subačius terminal.

Business model: KN operates regulated and commercial infrastructure assets. Revenue streams include regulated LNG terminal tariffs (subject to national regulator oversight), handling and storage fees at oil terminals, small-scale LNG reload services, and consulting/O&M service contracts internationally. The company leverages port connectivity, established infrastructure, and operational expertise to drive stable cash flows, while expanding into global advisory engagements.

Market position: KN is Lithuania’s principal oil and LNG terminal operator and one of the key energy infrastructure companies in the Baltic Sea region. The Klaipėda LNG terminal has been instrumental in regional gas supply diversification. With small-scale LNG capabilities and Subačius storage, KN maintains a leading domestic position and a recognized regional profile.

History

Founding and early years (1994–2013): AB „Klaipėdos nafta“ was established in 1994 as a public limited company to manage and develop oil terminal infrastructure in Klaipėda Port. Over the late 1990s and 2000s, KN modernized the oil terminal, expanded storage capacity, and improved environmental and safety standards, becoming a critical logistics link for petroleum products in the Baltics.

LNG era and diversification (2014–present): In 2014, Lithuania launched the Klaipėda LNG terminal utilizing the FSRU „Independence,“ with KN assigned as the operator. The project marked a strategic shift in Lithuania’s energy independence. In 2017, KN commissioned the small-scale LNG reloading station, enabling bunkering and regional LNG distribution. The company also integrated the Subačius oil product storage facility, enhancing strategic reserves and commercial storage capabilities. Since the late 2010s, KN expanded internationally by advising and supporting operations of LNG terminals abroad under O&M and consultancy arrangements.

Key milestones:
- 1994: Incorporation as AB „Klaipėdos nafta“.
- 2014: Start of commercial operations at the Klaipėda LNG terminal (FSRU „Independence“).
- 2017: Commissioning of the small-scale LNG reload station in Klaipėda.
- 2010s–2020s: Development of international LNG terminal advisory/O&M services; continued modernization of oil and storage infrastructure.
- 2024–2025: Lithuanian authorities progressed plans regarding continued operation/ownership framework of the FSRU, with KN remaining the operator; consult official releases for the latest status.

Financial Information

Revenue: KN publishes audited annual and interim financial statements. Consolidated revenues historically reflect a mix of regulated LNG fees and commercial oil/logistics activities. Exact figures for the latest fiscal year should be taken from the official annual report and Nasdaq Vilnius disclosures.

Funding and listings: KN is a publicly listed company on Nasdaq Vilnius. Financing has included retained earnings, bank facilities, and, where applicable, state-supported frameworks for regulated infrastructure. No venture-style funding rounds apply due to the company’s public and state-controlled nature.

Ownership structure: The Republic of Lithuania (via the Ministry of Energy) holds the controlling stake (historically circa 70–75%). The remaining shares are free float held by institutional and retail investors via Nasdaq Vilnius. Refer to the latest shareholder structure disclosure for precise percentages.

Leadership and Management

Vadovai (key executives):
- Generalinis direktorius (CEO): Darius Šilenskis (as publicly reported in recent years)
- Other executive roles (CFO, COO, CCO, LNG/Oil terminal directors) are disclosed on the company’s official website and may change over time. Please consult KN’s “Management” page for current names and titles.

Valdyba / Stebėtojų taryba (Board/Supervisory Board): KN operates under Lithuanian corporate governance provisions with a Board and, where applicable, a Supervisory Board. Composition (chairpersons and members) is periodically renewed and disclosed publicly. For up-to-date board member names and positions, refer to the company’s governance disclosures on kn.lt and Nasdaq Vilnius.

Office Locations

HQ / Registered office:
AB „Klaipėdos nafta“
Burių g. 19, LT-91249, Klaipėda, Lithuania
Phone: Not confirmed in sources used; please verify on the official KN contacts page.

Klaipėda Oil Terminal:
Operational facilities within Klaipėda Port (Malkų įlanka area). Specific operational addresses and gate contacts are published for contractors and carriers via KN’s website. Phone numbers for terminal operations are typically provided to business partners; verify on kn.lt.

Klaipėda LNG Terminal and Small-scale LNG Reload Station:
Located near the Klaipėda Port area (FSRU berth and adjacent small-scale jetty). Operational contacts are provided to clients and shipping agents via KN’s LNG business pages.

Subačius Oil Product Storage Terminal:
Subačius terminal (Kupiškio r. sav.). A detailed site address and operational phone contacts are available from KN’s official materials for business counterparties. Not publicly confirmed in the sources used here.

Market Position

Competitors and alternatives: In oil product handling, regional competition includes terminals in the Baltic Sea basin (e.g., Latvia’s Ventspils, Lithuania’s Būtingė offshore terminal operated by ORLEN Lietuva) and other EU ports. In LNG regasification, regional alternatives include Poland’s Świnoujście LNG terminal and Finland’s Inkoo FSRU terminal. KN’s small-scale LNG services also compete with emerging bunkering and micro-distribution networks in the Baltic region.

Competitive advantages: Strategic location within Klaipėda Port; diversified portfolio (oil, LNG, storage, small-scale LNG); established safety and environmental management systems; regulated revenue base from LNG; strong operational expertise enabling international advisory/O&M contracts; role in national energy security and regional supply diversification.

Market share: Domestically, KN is the primary LNG regasification operator and among the main petroleum product terminal operators. Precise market share varies year-to-year with cargo flows and regional demand; consult regulator and port statistics for current figures.

Recent Developments

- Continued optimization of LNG and small-scale LNG operations in Klaipėda, including commercial services for bunkering and regional distribution.
- Ongoing involvement in international LNG terminal advisory and O&M services, expanding KN’s global footprint.
- Lithuanian government and KN have advanced the framework for long-term operation of the FSRU „Independence“ beyond the initial lease period; refer to official announcements for ownership/contracting status updates in 2024–2025.
- Process improvements and ESG initiatives focused on safety, environmental performance, and stakeholder engagement, as reflected in annual sustainability reporting.

Contact Information

Registered office: Burių g. 19, LT-91249, Klaipėda, Lithuania
Website: https://www.kn.lt
Email: info@kn.lt
Phone: Not confirmed; please refer to the KN contacts page for the main switchboard and department-specific numbers.
Media/Investor relations: Designated contacts are listed under the “Investors” and “Media” sections on kn.lt.

Sources and References

- AB „Klaipėdos nafta“ official website (About KN, Operations, LNG, Investors, Contacts): kn.lt
- KN annual and interim reports (financial statements, management and governance disclosures).
- Nasdaq Vilnius issuer profile and disclosures for AB „Klaipėdos nafta“ (ticker commonly referenced as KNF1L).
- Lithuanian National Energy Regulatory Council (VERT) publications on LNG terminal regulation and tariffs.
- Public press releases and governmental announcements regarding the FSRU „Independence“ and Lithuania’s LNG policy.

Note: Certain specific legal/contact details (e.g., VAT code, direct phone numbers for sites) were not confirmed in the sources used for this profile. For authoritative and current information, consult KN’s official website, the Lithuanian Centre of Registers (JAR), and Nasdaq Vilnius regulatory disclosures.