Klaipėdos Nafta is an operator of the Klaipėda Oil Terminal based in Klaipėda

Klaipeda

Klaipėda is a city in Lithuania situated at the mouth of the Nemunas River where it flows into the Baltic Sea. It is the third largest city in Lithuania and the capital of Klaipėda County....

, Lithuania

Lithuania

Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

. The company was founded in 1994. In addition to the operationship of the Klaipėda Oil Terminal, the company participates in the Odessa–Brody–Płock pipeline project and develops Lithuanian LNG terminal.

Klaipėda Oil Terminal

The Klaipėda Oil Terminal was commissioned on 27 November 1959 and its exported fuel oil from Soviet oil refineries in Yaroslavl, Perm, and Ryazan. As of today, the main customer of the terminal is the Mazeikiu refinery. The terminal serves also crude oil shipments to Belarus

Belarus

Belarus , officially the Republic of Belarus, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Its capital is Minsk; other major cities include Brest, Grodno , Gomel ,...

.

LNG terminal

Klaipėdos Nafta is a developer of the Lithuanian LNG terminal project. The consultant of the project is Fluor Corporation. The terminal is scheduled to be built by 2014. The terminal will use a liquefied natural gas

Liquefied natural gas

Liquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....

 floating storage and regasification unit with a capacity up to 2 billion m3s (70,629,332,425.3 cu ft) of natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

per year.