Skip to main content

Finance ministry authorises KN LNG activities

Published by , Editor
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:

You might also like

Fratelli Cosulich launches first bunkering vessel

Fratelli Cosulich has announced that the christening and launch of the first of its two small scale and bunker vessels took place on 22 March 2023, at the CIMC Sinopacific Offshore & Engineering shipyard in China.


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


This article has been tagged under the following:

LNG project news Current LNG projects