Please be informed that the Ministry of Energy of the Republic of Lithuania, which owns 72,47 percent of shares of AB KN Energies, has issued a Letter of Expectations outlining strategic directions and performance goals for the Company and its subsidiaries. This document serves as a guiding framework for short, medium, and long-term planning and is aligned with national energy policy and corporate governance standards.
Strategic Priorities
- Energy Security: Ensure uninterrupted operation of the Klaipėda LNG terminal until 2044, store national strategic reserves, maintain infrastructure reliability, and ensure physical and cyber security .
- Transformation & Growth: Align with the EU Green Deal, explore emerging value chains (e.g., hydrogen derivatives, CO₂ storage, energy storage services), and expand international LNG operations.
- Customer Focus: Foster a customer-centric culture, enhance service quality, and reduce bureaucratic barriers.
- Financial Discipline: Meet profitability targets, maintain a consistent dividend policy (≥ €12M annually from 2030), and ensure sound investment practices.
Governance & Operational Excellence
- Uphold the highest standards of transparency, ethics, and corporate governance (A+ maturity level).
- Optimize cost structures, benchmark performance, and improve operational efficiency.
- Promote sustainability, innovation, and responsible business practices.
- Strengthen health and safety culture across all Group entities.
Social Responsibility & Talent Development
· Support energy education and talent attraction initiatives.
· Continue humanitarian aid efforts, particularly in support of Ukraine’s energy sector reconstruction.
You can read the Letter of Expectations in the attached document.
Jurgita Šilinskaitė-Venslovienė, Chief Corporate Affairs Officer
+370 46 391 772
