AB Klaipedos nafta (KN) has received multiple authorisations from the Ministry of Finance of the Republic of Lithuania.
The company has been authorised:
- to transfer (invest) the activity of the LNG terminal in Klaipeda as a property complex to the company’s 100% controlled subsidiary UAB SGD terminalas, legal entity code 304977459, by increasing the authorised capital of the subsidiary.
- as a parent company, to provide a corporate guarantee to UAB Hoegh LNG Klaipeda and HÖEGH LNG Ltd for the performance of liabilities of the subsidiary under the time charter party (lease agreement), dated 2 March 2012.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/12062019/finance-ministry-authorises-kn-lng-activities/