Skip to main content

Finance ministry authorises KN LNG activities

Published by
LNG Industry,


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/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news Current LNG projects