KN will cooperate with strategic partners to develop small-scale LNG market

On Friday, oil and LNG terminal operator KN entered into a strategic partnership agreement with Polish Oil and Gas Company PGNiG, for which LNG reloading station capacity has been reserved for five years. PGNiG will start commercial operation of the LNG reloading station from April 2020.

KN invited global and regional LNG companies that have LNG trading portfolios and / or LNG transport capacities and are interested in the development of the LNG market in the Baltic region and Poland to participate in the capacity allocation reservation tender. The final decision has been made based on the tender with the best price. According to Darius Šilenskis, KN CEO, the signed agreement allows KN to secure a steady revenue stream.

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