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Mantas Bartuska
General manager
SC Klaipėdos Nafta
Klaipėda LNG Terminal – a Game
Changer in the Baltic Sea Region
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1. Introduction to SC Klaipėdos Nafta
A Diversified Oil Product and LNG Terminal Operator
40+ years of oil product terminal
operations
Successful fast track LNG
terminal project implementation
LNG reloading and bunkering
station projectLNG bunkering vessel project
State fuel reserves
LNG terminal consulting projects
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1. Introduction to SC Klaipėdos Nafta
A New LNG Terminal Started Operation from the 1st Of January
FSRU Independence
Arrived on the 27th of October
2014
Commissioning cargo
Delivered 28th of October
2014
Commercial operations
First commercial send-out from 1st
of January 2015
First commercial cargo
Delivered 23rd of December
2014
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Single FSRU – a Solution To Many Regional Demands?
2. Global price3. Reliability &
Access
1. Energy security
4. Flexibility & Cost Efficiency
5. Break-bulk
6. Bunkering & Clean Fuel
LNG
7. Off-grid demand
8. Market enabler
9. Missing gap in new supply chain ?
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RUSSIA
Third Party Access infrastructure
Limited or no TPA
GIPL (Gas interconnection Poland Lithuania)
Possible gas flows from Klaipeda LNG terminal
Security of gas supply - availability
The European Commission (from the stress test report):
• <...>An example is the envisaged agreement between Estonia and Lithuania on the basis of which the protected customers of both countries will be
served ahead of the non-protected customers in either country. <...>
• <...> The Commission welcomes the forthcoming commissioning of the Klaipeda LNG terminal in Lithuania. The existence of such infrastructure
enabling supply diversification is vital both in order to diversify supply but also to ensure a more flexible gas network.<...>
• Klaipeda LNGT, if needed, can cover:
• 100% demand of vulnerable customers in all
three Baltic states
• 100% of demand in Lithuania
• 90% of all demand in the Baltics
• Klaipeda LNGT may deliver significant volumes
of natural gas to Ukraine, if transit is permitted
Klaipeda LNG
terminal
GIPL
Baltic-connector to
Finland ESTONIA
LATVIA
BELARUS
UKRAINE
POLAND
LITHUANIA
Incukalns gas
storage
2.6
BCM/yr
1.3
BCM/yr
0.6
BCM/yr
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1. Energy Security
Ensured Security of Natural Gas Supply for the Whole Region
Gas supply disruption 6 months, cold spell scenario
After the completion of LNG terminal and Klaipėda –
Kuršėnai pipeline> 50%
25 – 50%
10 – 25%
5 – 10%
< 5%
Full supply
Before the completion of LNG terminal
Source: Energy Security Stress Test coordinated by the European Commission: Joint report by Estonia, Latvia, Lithuania and Finland ( adjusted by Klaipėdos Nafta to reflect post-Stress Test conditions)
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28
30
32
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36
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2012 2013 2014 2015 H1
EU average RU-DE boarder Regional average Lithuania NBP+3.5
Average annual natural gas import priceEUR/ MWh
Klaipėda LNG
Terminal is in
Operation
(LT, LV, EE, FI)
LNG price sets
natural gas price cap
2. Global Natural Gas Prices
A Cap for Natural Gas Prices in the Region
Sources: NCC,GetBaltic, Latvijas Gaze, Elering, Energiavirasto, The ICE, Indexmundi, ycharts, x-rates.com
Monthly prices are averaged to get the annual average price; Respective month exchange rates are used for currency conversions where needed; Reference for the last 3 months of 2015 H1 price in Lithuania is the GetBaltic fulfilled transaction
weighted average price for transactions carried out within a month; 3.5 EUR/MWh are added to the NBP price to represent LNG shipping, supplier margin and any other additional costs; 10.4 MWh/1000 nm3 natural gas for conversions where
needed.
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3. Reliability and Access
Full TPA, Constant Operational Readiness and Transparency
Unused
capacity
Terminal User
Unused
capacity
Unused
capacity
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Terminal User
Terminal User
Terminal User
Terminal capacities are available through an open booking procedure
Capacity available for traders Ensured minimum operational send-out
Nm3/day
Third Party Access
infrastructure
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Low capital investment cost
FSRU (Floating Storage & Regasification Unit)
Short construction schedule
Low construction risks
Low environmental impact
High flexibility
Land-based terminal
4. Flexibility and Cost Efficiency
FSRU – Most Flexible and Cost Efficient Gas Supply Solution
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Gävle project
Expected start-up: 2018
Size: 20,000-30,000 m3
Nynäshamn project
Operational from: 2011
Size: 20,000 m3
Gothenburg project
Expected start-up: 2017
Size: 9,600 m3
Tallinn-Muuga project
Expected start-up: 2017
Size: 5,000 m3
Tallinn-Muuga project
Expected start-up: 2017
Size: 2,000 m3
Haminan project
Expected start-up: 2017-
2018
Size: 20,000-30,000 m3
Rauma project
Expected start-up: 2017-
2018
Size: 20,000 m3
Pori project
Expected start-up: 2016
Size: 30,000 m3
Manga project
Expected start-up: 2017-
2018
Size: 50,000 m3
Regional hub
Expected start-up: 2017
Size: 5,000-6,000 m3
5. Break-Bulk
Klaipėda LNG Terminal as a Hub to Meet Small-Scale Demand
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6. Bunkering & Clean Fuel
Klaipėda‘s Small Scale LNG to Meet Regional Bunkering Needs
LNG loading
Boil-off gas is used up in the boiler plant
Jetties can hold additional equipment
Powerful fire-prevention equipment
Existent electricity and air supply
Qualified personnel
Sufficient safety measures
Hydrocarbons are being loaded into trucks
Safe distance from neighbours
12
500 km
Current LNG consumption
Potential LNG consumption
Ferry to Karlsham
7. Off-Grid Demand
Small-Scale LNG Facility to Meet Gas Demand in Off-Grid Locations
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8. Market Enabler
The LNG Terminal Is a Catalyst for Many Energy Sectors
LPG
LNG
Industrial
companies
District heating
supply
companies
Heat
Cold energy
Vehicles LNG fuel
Compressed
natural gas as a
fuel
Air separators
Electricity
generation
Regular source
of energy
Source of peak
energy
Stand-by source
of energy
Low temperature
generation
Food
processing
establishments
Vessels
Buses/
trucks
Cars
ElectricityBiomass Diesel fuel
XX X
X
X
X
X
X
X
X
X
X
X – competing source of energy
Market Segments
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Summary
Global Price Reliability & Access
Regional energy security
Flexibility & Cost Efficiency
Break-bulk
Bunkering & Clean Fuel
LNG
Off-grid demand
Market enabler
Missing gap in new supply chain
