In order to break down monopoly in the natural gas market of Lithuania, , the first large scale LNG import terminal in the Baltic region, was built in port of Klaipėda in 2014. will be supplying 540 million cubic meters of natural gas annually from 2015 until 2020. The terminal is able to meet all of Lithuania's demand, and 90% of Latvia's and Estonia's n.
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KN Energies (KN, Klaipėdos Nafta until 2024) is an liquid energy product and LNG terminals operator based in Klaipėda, Lithuania. The company was founded in 1994. The company operates the Klaipėda, Subačius and Marijampolė liquid energy products terminals, Klaipėda LNG terminal, Klaipėda small-scale LNG. .
The Klaipėda Liquid Energy Products Terminal was commissioned on 27 November 1959 and its exported fuel oil from Soviet oil refineries in Yaroslavl, Perm, and Ryazan. As of. .
KN Energies is an operator of the Lithuanian LNG terminal and owner of its floating storage and regasification unit .. .
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