Klaipedos Nafta - Notification on material event

AB Klaipedos Nafta preliminary transhipment and revenue results for the August 2016

During August 2016 AB Klaipedos Nafta (hereinafter – the Company) reloaded 436
thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius fuel base (SFB), i.e. grater by 6.1 per cent compared to
August 2015, when 411 thousand tons were reloaded. 

During January - August of 2016 the Company in total reloaded 5,413 thousand
tons of petroleum products into its storage tanks or greater by 26.2 per cent
compared to the same period of 2015 when 4,289 thousand tons were reloaded.
Total transhipment volume for 8 months of 2016 is significantly higher (by
1,124 tons) compared to the same period of previous year because of increased
petroleum products freights from Byelorussia, increased import transhipment
volumes and increased petroleum products transhipment of AB ORLEN Lietuva. 

During August 2016 in the Liquefied Natural Gas (LNG) Terminal of the Company
840 thousand MWh of the natural gas were re-gasified and supplied to the
natural gas transmission system, i.e. grater by 2.1 times compared to August
2015, when 394 thousand MWh where re-gasified. During eight months of 2016 the
Company in total re-gasified 11,059thousand MWh of the natural gas, i.e. grater
by 3.3 times compared to the same period of 2015 when 3,361 thousand MWh
natural gas was re-gasified. 

The preliminary sales revenues during January – August of 2016 of the Company’s
oil terminal and SFB comprise EUR 27.9 million and are greater by 1.5 per cent
compared to the same period of 2015 (EUR 27.5 million). The sales revenue of AB
Klaipedos Nafta oil terminal and SFB for the August 2016 comprise EUR 2.1
million that is less by 25.0 per cent compared to the revenue of August 2015
(Eur 2.8 million). 

The preliminary sales revenues of the Company’s LNG Terminal for August 2016
comprise EUR 5.5 million (July 2015 – EUR 5.4 million, increase by 1.9 per
cent), which consist of the liquefaction and regasification activity revenues
for the period calculated based on the tariffs approved by the National Control
Commission for Energy control and prices. The preliminary revenue of the LNG
terminal for the eight months of 2016 comprise EUR 45.0 million and are grater
by 4.3 per cent compared to the same period 2015 (EUR 43.2 million). 

Total preliminary sales revenues of the Company for the eight months of 2016
comprise EUR 72.9 million, i.e. 3.1 per cent grater compared to same period
2015 (EUR 70.7 million). 



Petroleum products transshipment and LNG re-gasification

                                            August           January – August   
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                                     2016  2015  Change,   2016    2015  Change,
                                                    %                       %   
--------------------------------------------------------------------------------
Petroleum products transshipment,     436   411   6.1%     5,413  4,289   26.2% 
 thousand tons                                                                  
--------------------------------------------------------------------------------
LNG re-gasification, thousand MWh     840   394   112.1%  11,059  3,361   229.0%
--------------------------------------------------------------------------------



Preliminary revenues of the Company, EUR million

                                       August             January – August  
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                                2016  2015  Change, %  2016  2015  Change, %
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Klaipeda oil terminal activity   1.9   2.6   -26.9%    26.0  25.9     0.4%  
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Subacius fuel base activity      0.2   0.2     0.0%     1.9   1.6    18.7%  
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LNG terminal activity            5.5   5.4     1.9%    45.0  43.2     4.3%  
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Total:                           7.6   8.2    -7.3%    72.9  70.7     3.1%  
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         Gerimantas Bakanas, Chief Administrative Officer, tel. 8 46 391 660