June 6, 2016 - 10:01 PM EDT
Print Email Article Font Down Font Up
SC Klaipedos Nafta preliminary transhipment and revenue results for the May 2016

During May 2016 SC Klaipedos Nafta (hereinafter – the Company) reloaded 875 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. grater by 24.3 per cent compared to May 2015, when 704 thousand tons were reloaded.

During the five months of 2016 the Company in total reloaded 3,715 thousand tons of petroleum products into its storage tanks or greater by 37.8 per cent compared to the same period of 2015 when 2,695 thousand tons were reloaded. The transhipment growth is mainly affected by the increased petroleum products freights from Byelorussia and increased transhipment volumes of SC ORLEN Lietuva.

During May 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company 1,406 thousand MWh of the natural gas were re-gasified and supplied to the natural gas transmission system, i.e. grater by 2,3 times compared to May 2015, when 430 thousand MWh where re-gasified. During five months of 2016 Company re-gasified 7,884 thousand MWh of the natural gas, i.e. grater 2.4 times compared to the same period of 2015, when 2,289 thousand MWh natural gas was re-gasified.

The sales revenue of SC Klaipedos Nafta oil terminal and SFB for the May 2016 comprise EUR 4.0 million that is grater by 8.1 per cent compared to the revenue of May 2015 (Eur 3.7 million). The preliminary sales revenues for the five months 2016 of the Company’s oil terminal and SFB comprise EUR 19.7 million and are greater by 7.6 per cent compared to the same period of 2015 (EUR 18.3 million).

The preliminary sales revenues of the Company’s LNG Terminal for May 2016 comprise EUR 6.0 million (May 2015 – EUR 5.4 mln., change +11.1 per cent), which is equal to the one twelfth of the liquefaction revenues approved by the National Commission for Energy Control and Prices for the year 2016 and actual regasification tariff revenues for the period. The preliminary revenue of the LNG terminal for the January-May  2016 comprise EUR 29.0 million and it’s grater by 7.4 per cent compared to the same period 2015 (EUR 27.0 mln.).

Total preliminary sales revenues of the Company for the five months of 2016 comprise EUR 48.7 million, i.e. 7.5 per cent grater compared to same period 2015 (EUR 45.3 million).         

Petroleum products transshipment and LNG re-gasification

  May January – May
  2016 2015 Change, % 2016 2015 Change, %
Petroleum products transshipment, thousand tons 875 704 24.3% 3,715 2,695 37.8%
LNG re-gasification, thousand MWh 1,406 430 227.0% 7,884 2,289 244.4%

 

Preliminary revenues of the Company, EUR million

  May January – May
  2016 2015 Change, % 2016 2015 Change, %
Klaipeda oil terminal activity 3.7 3.5 5.7% 18.5 17.4 6.3%
Subacius fuel base activity 0.3 0.2 50.0% 1.19 0.9 32.2%
LNG terminal activity 6.0 5.4 11.1% 29.0 27.0 7.4%
Total: 10.0 9.1 9.9% 48.7 45.3 7.5%

         Marius Pulkauninkas, Director of Finance and Administration Department, tel. 8 46 391763

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Source: Equities.com News (June 6, 2016 - 10:01 PM EDT)

News by QuoteMedia
www.quotemedia.com