KN Energies Expands Footprint with New Subsidiary in Germany
KN Energies Establishes German Subsidiary for LNG Operations
International energy terminal operator AB KN Energies (Vilnius:KNF1L) is making significant strides by launching a new subsidiary in Germany, named KN Energies Deutschland GmbH. This strategic move demonstrates the company's commitment to expanding its operational capacity in the European energy sector.
Focus on Efficient Operations
With the establishment of KN Energies Deutschland GmbH, the company is geared towards ensuring the seamless execution of its agreements with the state-owned company Deutsche Energy Terminal GmbH (DET). The subsidiary's core responsibilities will include providing expert technical operation and maintenance services for the new floating LNG import terminal located at Wilhelmshaven, known as Wilhelmshaven 2.
Full Ownership and Local Team Building
All shares of the German subsidiary are entirely held within the KN Energies group, reinforcing the company's integrated approach to managing its subsidiaries. Registered in Wilhelmshaven, Lower Saxony, KN Energies Deutschland GmbH will soon be staffed with a team of specialists dedicated to various critical roles such as human resources, health, safety, and environmental management, alongside mechanical and electrical engineering operations.
Recruitment and Training Initiatives
Currently, KN Energies is actively recruiting skilled professionals to join the team in Germany. This recruitment drive reflects the company’s proactive approach to building a strong operational foundation ahead of the terminal’s commercial activities.
Support from Experienced Teams
The new German team will benefit from the extensive knowledge and training provided by existing KN Energies personnel from Lithuania. This collaborative effort ensures that the German subsidiary is well-equipped with the necessary operational expertise and training, setting a high standard for operational excellence from day one.
Winning the Tender and Future Prospects
KN Energies secured the tender from DET in the early part of 2024, solidifying its future in the LNG market. The contract encompasses a pre-operational phase leading up to the commencement of commercial operations at the terminal. Following this phase, KN Energies is set to engage in a five-year technical operation and maintenance plan with options for contract extensions, allowing for flexibility and continued support as the terminal becomes fully operational.
Contact Information
For more inquiries regarding KN Energies' new developments in Germany, you can reach out to:
Tomas Tum?nas,
Chief Financial Officer
Ph. +370 46 391 772
Frequently Asked Questions
1. What is the purpose of KN Energies Deutschland GmbH?
The subsidiary aims to provide technical operation and maintenance services for the floating LNG import terminal at Wilhelmshaven.
2. Who will support the team at KN Energies Deutschland GmbH?
The team will be supported by experienced staff from KN Energies in Lithuania, who will offer training and operational expertise.
3. What role did Deutsche Energy Terminal GmbH play in this development?
Deutsche Energy Terminal GmbH is the state-owned company with which KN Energies has signed a contract for the LNG terminal operations.
4. When is KN Energies expected to start operations?
Operations will begin during the pre-operational phase, leading to commercial operations in the near future.
5. How long is the contract for technical operation and maintenance?
The initial contract is for five years, with possibilities for extension based on mutual agreement.
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