AB Klaipedos Nafta has announced that it has issued calls for tenders to procure financial services amounting to €300 million to finance planned redemption of a floating LNG storage and regasification unit (FSRU) in order to decrease the annual LNG terminal exploitation costs.
Klaipedos Nafta plans to use the long-term loan to fulfil financial obligations arising under the contract on lease, operation and maintenance (repair) of the FSRU (with amendments and supplements to it) signed between the company and Höegh LNG Ltd in March 2012.
Submission of requests to participate in the procurement negotiations shall be accepted until 7 September 2015.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/regasification/01092015/klaipedos-nafta-issues-call-for-loan-1220/