On 1 August, Klaipedos Nafta concluded an LNG terminal user’s contract with JSC LITGAS. With this agreement, the company has completed its LNG terminal capacities allocation procedure, announced in April 2014.
Klaipedos Nafta has granted JSC LITGAS to use approximately 401 million m3 of foundation regasification capacities for the first transitional gas year, from 1 January 2015 until 30 September 2015.
Taking into account the intake capacities of the natural gas transmission system, Klaipedos Nafta announced 0.76 billion m3 of available LNG terminal capacities for this period.
The European Investment Bank is to lend €87 million to Klaipedos Nafta to support the construction and operation of an LNG import terminal in the port of Klaipeda.