KN Energies Launches New Subsidiary in Germany for LNG Services
International energy terminal operator AB KN Energies, based in Vilnius (Vilnius:KNF1L), is making significant moves by starting a new subsidiary in Germany called KN Energies Deutschland GmbH. This decision highlights the company’s dedication to growing its presence in the European energy market.
Emphasis on Operational Efficiency
With the creation of KN Energies Deutschland GmbH, the company is focused on successfully implementing its agreements with Deutsche Energy Terminal GmbH (DET), a state-owned firm. The new subsidiary will take on key responsibilities, including providing skilled technical operation and maintenance services for the floating LNG import terminal at Wilhelmshaven, specifically referred to as Wilhelmshaven 2.
Complete Ownership and Focus on Local Talent
All shares of KN Energies Deutschland GmbH are fully owned by the KN Energies group, reflecting the company's cohesive strategy in managing its subsidiaries. Located in Wilhelmshaven, Lower Saxony, this new subsidiary will soon hire specialists for vital functions including human resources, health, safety, and environmental management, in addition to mechanical and electrical engineering roles.
Recruitment and Development Efforts
Currently, KN Energies is actively seeking skilled professionals to bolster its team in Germany. This recruitment initiative demonstrates the company’s commitment to establishing a solid operational base as they gear up for the terminal's commercial activities.
Support from Knowledgeable Teams
The new team in Germany will receive valuable knowledge and training from experienced staff members of KN Energies from Lithuania. This collaborative effort ensures that the German subsidiary is thoroughly prepared with the operational know-how and training needed to maintain high standards from the very beginning.
Securing the Tender and Outlook Ahead
In early 2024, KN Energies successfully won the tender from DET, paving the way for its future in the LNG sector. The agreement includes a pre-operational stage that leads up to the start of commercial operations at the terminal. Following this period, KN Energies will participate in a five-year technical operation and maintenance contract, with options for extensions, providing flexibility and ongoing support as the terminal becomes fully operational.
Contact Details
If you have any questions about KN Energies' recent developments in Germany, feel free to contact:
Tomas Tum?nas,
Chief Financial Officer
Ph. +370 46 391 772
Frequently Asked Questions
1. What is the goal of KN Energies Deutschland GmbH?
The subsidiary is designed to deliver technical operation and maintenance services for the floating LNG import terminal located in Wilhelmshaven.
2. Who will provide support to the team at KN Energies Deutschland GmbH?
The team will receive guidance and training from experienced staff at KN Energies in Lithuania.
3. What role does Deutsche Energy Terminal GmbH play in this project?
Deutsche Energy Terminal GmbH is the state-owned partner that has contracted KN Energies for operations at the LNG terminal.
4. When will KN Energies start their operations?
Operations will begin during the pre-operational phase, eventually leading to commercial activities shortly thereafter.
5. How long will the technical operation and maintenance contract last?
The initial agreement spans five years, with options for extending the contract based on mutual consent.
