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AB KN Energies (further – KN) informs that it plans to release financial information in 2025 according to the following schedule:
AB “KN Energies” (hereinafter referred to as the "Company") by the decision of the Company's Supervisory Council is announcing a selection process for an independent member of the Company's Board in the field of Strategic Management Change and Transformation, to serve until the conclusion of the current Board's term of office April 25, 2026.
KN Energies AB (hereinafter – KN, the Company) conducted one of the largest currency hedging transactions in the Lithuanian currency market when purchasing the FSRU Independence, fixing the exchange rate. This decision enabled the Company to save EUR 8.05 million compared to the exchange rate on the transaction day. Considering the current USD to EUR exchange rate, the FSRU vessel would have cost over EUR 146 million, while the Company actually paid EUR 138.04 million.
KN Energies AB (hereinafter – the Company) informs that on 6 December 2024 the Floating Storage and Regasification Unit (hereinafter – the FSRU) Independence has been transferred to the ownership of the Company and registered in the Lithuanian Seagoing Register. This event will be marked by the raising of the tricolour and the unveiling of the home port name, Klaipėda, during today's official handover ceremony.
We hereby inform you that on the initiative and by the decision of the Board of AB “KN Energies”, legal entity code 110648893, registered address at Burių str. 19, Klaipėda (hereinafter – the Company), an Extraordinary General Meeting of Shareholders of the Company was convened on 26 November 2024 at 1:00 p.m. The meeting was held in the administrative premises of the Company at J. Janonio str. 6B, Klaipėda.
AB KN Energies (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the nine months ended 30 September 2024.
Correction: Interim financial information for the 3 quarters of 2024 will be released on 18 November 2024.
On November 5, 2024, AB “KN Energies” (hereinafter – KN) received a formal notice from independent Board member Edvinas Katilius regarding his resignation from the position of Board member of KN, effective December 31, 2024.
International energy terminal operator AB KN Energies (hereinafter – the Company) informs that on October 22, 2024, a positive decision was reached during the Investment Committee meeting of the European Union’s Modernization Fund program to allocate support of EUR 6 million for the Klaipėda LNG terminal electrification project (hereinafter – the Project). Implementation of the Project is planned to take place over a three-year period, following the final investment decision by the Company’s management, which is preliminarily expected in the first quarter of 2025.
AB "KN Energies" (further - KN or Company), the international operator of energy terminals, announces that by the decision of the Board on 25 October 2024, Jūratė Lingienė has been elected as the new Chairperson of the Board at KN Energies starting 1 November 2024, she previously served as an independent member of the Board of the Company.
We hereby inform that, by the decision of the Board of AB “KN Energies” (hereinafter – the Company), Darius Šilenskis has been elected as the Company's Chief Executive Officer. This will mark his second term of office as the Company's Chief Executive Officer, commencing on November 12, 2024.
International energy terminal operator AB KN Energies (KN or the Company) has established a German subsidiary, KN Energies Deutschland GmbH, within its corporate group.
AB KN Energies (KN or the Company) informs regarding new long-term contract for Klaipėda LNG reloading station capacity booking.
Correction: Adjusted information on adjusted net profit for 1-6 months of 2023.
On the 14th of August 2024 at 9:00 (EET) AB KN Energies holds a conference webinar for its shareholders, investors, mass media representatives and other stakeholders. The presentation is held in English.
AB KN Energies (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the six months ended 30 June 2024.
We would like to remind that KN invites shareholders, investors, analysts, and other stakeholders to join its investor conference webinar scheduled on August 14th of 2024 at 9.00 am (EET). The presentation will be held in English.
KN invites shareholders, investors, analysts, and other stakeholders to join its investor conference webinar scheduled on August 14th of 2024 at 9.00 am (EET). The presentation will be held in English.
AB KN Energies (hereinafter – the Company) informs that National Energy Regulatory Council (hereinafter – NERC) has published updated data for the natural gas sector for calculation of weighted average cost of capital, i. e. rate of return on investments of regulated activities (hereinafter – WACC). According to NERC data, the WACC calculated for the Company in 2025 will be 6.54 percent (5.06 percent in 2024). NERC, in determining the upper limit for liquefied natural gas regasification revenue for the Company for 2025, applied the forecasted regulated asset base (RAB) of EUR 176.3 million.
On 3 July 2024 Lithuanian Court of Appeal (hereinafter – Court) has examined the criminal case concerning Arturas Urbutis, Antanas Urbutis, Svetlana Popova, Andrejus Vaičiulis, former general manager of AB Klaipėdos nafta (hereinafter - the “Company”, present AB KN Energies) Jurgis Aušra, former director of commerce of the Company Ričardas Milvydas and UAB Naftos grupė accused of illegal activities in which the Company has filed the claim for damages for the total amount of 20 883 558,16 EUR (twenty million, eight hundred eighty-three thousand, five hundred fifty-eight EUR and 16 cents) caused by the illegal activities of the accused.
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