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The Letter of Expectations of the Majority Shareholder has been updated
Globenewswire· 2025-08-19 06:00
Core Insights - The Ministry of Energy of Lithuania has issued a Letter of Expectations for AB KN Energies, outlining strategic directions and performance goals aligned with national energy policy and corporate governance standards [1] Strategic Priorities - Energy Security: Ensure uninterrupted operation of the Klaipėda LNG terminal until 2044, maintain national strategic reserves, and ensure infrastructure reliability and security [5] - Transformation & Growth: Align with the EU Green Deal, explore emerging value chains such as hydrogen derivatives and CO₂ storage, and expand international LNG operations [5] - Customer Focus: Foster a customer-centric culture, enhance service quality, and reduce bureaucratic barriers [5] - Financial Discipline: Meet profitability targets, maintain a consistent dividend policy of at least €12 million annually from 2030, and ensure sound investment practices [5] - Governance & Operational Excellence: Uphold high standards of transparency, ethics, and corporate governance, optimize cost structures, and improve operational efficiency [5] - Social Responsibility & Talent Development: Support energy education initiatives, attract talent, and continue humanitarian aid efforts, particularly for Ukraine's energy sector reconstruction [3]