Scandinavian Energies Inc. (XIC)

Overview

AB KN Energies, a prominent player in the energy sector, has a primary operation focus on liquid energy products terminals and transshipment services, catering to both local and international markets. With its origins tracing back to 1857 and formerly known as AB Klaipedos nafta, the company underwent a pivotal name change to AB KN Energies in January 2024. Establishing its headquarters in Klaipeda, Lithuania, AB KN Energies showcases a robust operational framework through its LET and LNG segments, demonstrating a comprehensive approach to the handling, storage, and transportation of liquid energy products.

Products and Services

• Liquefied Natural Gas (LNG) Terminals

AB KN Energies plays a vital role in the operation of LNG terminals, which are crucial for the importation and regasification of liquefied natural gas. These facilities serve as pivotal points for the energy sector, ensuring steady supplies to meet regional and international demand.

• Transshipment of Oil Products

The company specializes in the transshipment of a broad spectrum of oil products, including diesel fuel, gasoline, jet fuel, fuel oil, technological fuel, vacuum gas oil, and crude oil products. It further extends its services to handle other specialized products such as bitumen, ethanol, monothylene glycol, hydrotreated vegetable oil, and fatty acid methyl ester, showcasing its versatility and capacity to meet diverse market needs.

• Liquid Energy Products Reloading and Storage

AB KN Energies offers reloading services, allowing for the seamless transfer of liquid energy products into trucks, alongside providing extensive facilities for the accumulation and storage of various liquid energy products. This ensures the maintenance of supply chains and the facilitation of efficient distribution processes.

• Additional Services

Beyond core operations, the company delivers comprehensive maritime and product handling services, including the collection of wastewaters from sea vessels, mooring, inspection of liquid energy products’ parameters, and the blending of heavy and light products. Notably, it also encompasses the supply of fuel and water to vessels, demonstrating a holistic approach to servicing the energy and maritime industries.

• Product Handling and Additives

AB KN Energies is engaged in the advanced handling of liquid energy products, incorporating bio-additives and marking substances to oil products. This aspect of their service offering not only ensures compliance with environmental standards but also enhances the value of the products through tailored solutions.