Finance ministry authorises KN LNG activities
Published by Will Owen,
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/
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