AB KN Energies is expanding its activities in Germany
03 Maggio 2024 - 1:40PM
UK Regulatory
AB KN Energies is expanding its activities in Germany
International energy terminal operator AB KN
Energies (KN or the Company) is expanding its activities in
Germany. The Company has won a tender launched by Deutsche Energy
Terminal GmbH (DET), the state-owned operator of Germany's floating
LNG terminals, to provide technical operation and maintenance
services for the LNG terminal Wilhelmshaven 2.
The contract signed in the beginning of May
between KN and DET specifies that Company will carry out for DET
the preparatory work for the technical operation of the LNG
terminal Wilhelmshaven 2 by setting up an operational company in
Germany, a well trained engineering team, and preparing the
terminal's technical operating documentation. Upon the start of
commercial operations of the terminal, KN will be responsible for
the technical operations and maintenance of the terminal's
infrastructure - the jetty, its equipment and the pipeline,
organizing the work of the on-site team, as well as the
coordination of preventive and corrective actions.
The agreement between the two parties is
concluded for preparatory phase until start of commercial
operations and thereafter for a 5-year period of operational phase
with a possibility to extend the agreement.
This will be the first time KN will provide
technical operation and maintenance services to an LNG terminal in
Germany, and the expected annual turnover of the services could
reach up to 5% of the company's annual revenue.
DET, part of the German Federal Ministry for
Economic Affairs and Climate Action, operates four LNG terminals on
the German North Sea coast - Wilhelmshaven 1 and Brunsbüttel, as
well as the Wilhelmshaven 2 and Stade LNG terminals, which both are
currently under construction. Until 2024, KN provided commercial
management services for the first Wilhelmshaven and Brunsbüttel LNG
terminals, while following the takeover of their operation by DET
and the launch of a new consolidated tender for the commercial
management of all four LNG terminals earlier this year, KN took
over the services for commercial management of all four terminals
on behalf of DET.
For more information:
Tomas Tumėnas,
Chief Financial Officer
Ph. +370 46 391 772
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