Klaipedos Nafta - Notification on material event

AB Klaipėdos Nafta preliminary transhipment and revenue results for the January 2017

During January 2017 AB Klaipėdos Nafta (hereinafter – “the Company”) reloaded
625 thousand tons of petroleum products into its storage tanks of Klaipeda oil
terminal and Subacius oil terminal (SOT), i.e. less by 21.1 percent compared to
January 2016, when 792 thousand tons were reloaded. The transhipment decrease
is related with the lower volume of petroleum products delivered from
Belorussia refineries. 

In the Liquefied Natural Gas (LNG) Terminal of the Company 619 thousand MWh of
the natural gas were re-gasified and supplied to the natural gas transmission
system during January 2016, i.e. less by 42.2 percent compared to January 2016,
when 1.071 thousand MWh of the natural gas were re-gasified. The volume
decreased because terminal users ordered lower capacities. 

The preliminary sales revenues for January 2017 of AB Klaipėdos Nafta oil
terminal and SOT comprise EUR 2.8 million and are less by 31.7 percent compared
to the same period of 2016 (EUR 4.1 million). 

The preliminary sales revenues of the Company’s LNG Terminal for January 2017
comprise EUR 5.8 million (January 2016 – EUR 6.1 million), which consist of the
one twelfth of the liquefaction activity revenues for the year 2017 approved by
the National Control Commission for Energy Control and Prices. 



Petroleum products transhipment and LNG re-gasification

                                                  January             
----------------------------------------------------------------------
                                                2017   2016  Change, %
----------------------------------------------------------------------
Petroleum products transhipment, thousand tons   625   792    -21.1%  
----------------------------------------------------------------------
LNG re-gasification, thousand MWh                619  1,071   -42.2%  
----------------------------------------------------------------------



Preliminary revenues of the Company, EUR million

                                 January             
-----------------------------------------------------
                                2017  2016  Change, %
-----------------------------------------------------
Klaipeda oil terminal activity   2.6   3.9   -33.3%  
-----------------------------------------------------
Subacius fuel base activity      0.2   0.2     0.0%  
-----------------------------------------------------
LNG terminal activity            5.8   6.1    -4.9%  
-----------------------------------------------------
Total:                           8.6  10.2   -15.7%  
-----------------------------------------------------






         Marius Pulkauninkas, Acting General Manager, tel. 8 46 391763