AB Klaipedos nafta preliminary revenue for July 2021

The preliminary sales revenue of the Company’s oil terminals for July 2021 comprises EUR 1.6 million and is lower by EUR 0.8 million or by 33.3 % compared to July of 2020. The preliminary sales revenue of the Company’s oil terminals for the seven months of 2021 comprises EUR 12.4 million and is lower by 33.0 % compared to the same period of 2020.
                                                                                                                                   
The preliminary sales revenue of the Company’s Klaipeda LNG terminal for July 2021 comprises EUR 2.7 million (during the same month of 2020 – EUR 3.6 million). Klaipeda LNG terminal revenue from regulated activities consists of the regasification tariff fixed part (for booked annual capacities), variable part for amount of re-gasified LNG and reloading revenue. The level of Klaipeda LNG terminal revenue (for booked annual capacities) does not depend on regasification volume. Revenue is confirmed by the National Energy Regulatory Council (NERC) based on the approved methodology of State regulated prices in the Natural Gas sector and is calculated for the whole upcoming year. The preliminary sales revenue of Klaipeda LNG terminal for the seven months of 2021 decreased by 20.2 % compared to the same period of 2020. The main reason for the lower revenue is  proportionate reduction of security supplement in 2021, based on the surplus of LNG return from the period 2014-2019, which was established for the regulated activities of the Company, and is equal to EUR 1.9 million.

The preliminary sales revenue of the Company’s commercial LNG activity for July 2021 comprises EUR 0.2 million and is at the same level compared to July of 2020. The preliminary sales revenue of the Company’s commercial LNG activity for the first seven months of 2021 comprises EUR 1.5 million and is lower by 6.3 % compared to the same period of 2020.

Total preliminary sales revenue of the Company for January-July 2021 amounts to EUR 34.5 million and is lower by 24.8 % compared to the same period of 2020 – EUR 45.9 million.

Preliminary revenue of the Company, EUR million:

Indre Kisieliene, Acting Chief Financial Officer, +370 686 16276