AB KN Energies Signs Long-Term Contract for LNG Capacity
![AB KN Energies Signs Long-Term Contract for LNG Capacity](https://investorshangout.com/images/blog/ihnews-AB%20KN%20Energies%20Signs%20Long-Term%20Contract%20for%20LNG%20Capacity.jpg)
AB KN Energies Secures Long-Term Contract for LNG Capacity
AB KN Energies, often referred to as KN, has recently announced a significant development regarding the booking of capacity at the Klaip?da LNG reloading station. This new long-term contract will play a pivotal role in enhancing the Company's operational capabilities.
Details of the Agreement
On the 4th of September, the Company formalized a five-year agreement with Orlen S. A., the current holder of capacity at the Klaip?da LNG reloading station, previously known as Polskie Górnictwo Naftowe i Gazownictwo S.A. This substantial contract is set to commence on the 1st of April 2025 and will extend until the 31st of March 2030.
Implications for Revenue
This agreement is expected to significantly impact the Company's financial landscape, with projections indicating that the turnover generated from this contract may contribute up to 5% of KN's annual revenue.
Company Contact Information
For further inquiries regarding this significant agreement, you can reach out to Tomas Tum?nas, the Chief Financial Officer, at +370 46 391772.
Frequently Asked Questions
What is the purpose of the new contract signed by AB KN Energies?
The contract is for booking capacity at the Klaip?da LNG reloading station, enhancing the Company's operational capability.
How long will the contract with Orlen S. A. last?
The agreement will last for five years, from April 1, 2025, to March 31, 2030.
What percentage of annual revenue is expected from this contract?
The projected revenue from the new agreement may account for up to 5% of AB KN Energies' annual revenue.
Who is the contact person for inquiries about the agreement?
Tomas Tum?nas, the Chief Financial Officer, can be contacted for further details regarding the agreement.
What does this contract mean for AB KN Energies?
This contract signifies a strategic move for AB KN Energies, enhancing its capacity and revenue potential in the LNG sector.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Stacy Moscow Takes the Helm as Chief Transformation Officer
- Sacks Parente Golf Transforms Identity to NEWTON GOLF
- Ovid Therapeutics Gears Up for Investor Conferences in September
- Odysight.ai Secures $10M Order for UAV Predictive Maintenance
- Vivid Seats Partners with I Am Athlete for Media Breakthrough
- Symphony Talent Unveils SFX Brand Amplifier for Recruitment
- Equinix Secures $750 Million in Green Bonds for Sustainability Efforts
- EPAM to Expand Capabilities with NEORIS Acquisition Deal
- Chipotle and Spirit Halloween Unite for Unique Costume Collection
- Denmark's Leading Pension Firm Partners with Omada for IGA
- MoxiWorks Enhances Tools for Buyer-Agents in Real Estate
- Bob Evans and Thomas' Join Forces for Breakfast Month Promo
- PetSmart Announces Conference Call for Q2 2024 Financial Results
- APA Infrastructure Announces Cash Tender Offer for Senior Notes
- Survey Reveals AI is Key Focus for Healthcare Leaders
- Berkshire Grey Partners with Kardex for Robotic Fulfillment
- Professor Baliga Wins Millennium Technology Prize for Sustainability
- RocketReach Unveils Autopilot for Seamless Outreach Automation
- Exertis and Seceon Join Forces with Fortress Security Service
- Macron's Search for a Prime Minister Amid Political Turmoil
- Intel's Collaboration with IBM Marks a New Era in AI Chips
- Aquafeed Market Poised for Growth with $95.4 Billion by 2034
- ANEW Medical Innovates Gene Therapy for Healthy Longevity
- Psyence Biomed Partners with PsyLabs for Psilocybin Research
- Saia Reports Impressive Third Quarter LTL Performance Data
Recent Articles
- Praxis Precision Medicines Showcases Epilepsy Innovations
- Brandon XIV's Groundbreaking Spoken Word Poetry Album: One Year
- Capsida Biotherapeutics to Showcase Advancements in Gene Therapy
- Context Therapeutics Welcomes Dr. Smith and Dr. Walker to Board
- Conagra Brands Announces First Quarter Earnings Release Date
- Farm Equipment Market Growth Projections Through 2032
- Vertex Completes Acquisition of ecosio for Enhanced Solutions
- Rinchem's Commitment to Sustainability: Science-Based Targets Approval
- AlphaGraphics Recognized Among 2024's Most Profitable Franchises
- Berkshire Hathaway: Buffett's Vision and Future Considerations
- Protalix BioTherapeutics Set to Present at Key Investment Conference
- TSMC and Samsung's Positive AI Outlook at Trade Show
- Sapiens and Addresscloud Team Up to Boost Insurance Risk Insights
- Survey Reveals Bipartisan Opposition to Criminalizing Abortion
- Roundhill Investments Announces XDTE and QDTE ETF Distributions
- Kia America's Record August Sales & Electrified Model Growth
- Futures Dip as Nvidia Faces Subpoena and JOLTS Data Looms
- Tesla Achieves Record Sales in China While Stock Gains Steadily
- Nvidia's Market Dynamics and Future Prospects Explored
- MMDSmart Welcomes Methodios Chousmekiaris as CRO for Growth
- ICG Enterprise Trust plc Executes Strategic Share Buyback
- Volvo Cars Set to Launch EX90 SUVs After Production Delay
- Aussie Households Focus on Essentials Amid Cost Pressures
- Transforming Business Travel: Trip.Biz Unveils New Matrix
- LG's Transparent OLED TVs Showcase Korean Ink Master at Frieze