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Klaipedos Nafta shareholders approve reloading station contract

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LNG Industry,

The Board of AB Klaipedos Nafta has announced that the company’s shareholders have approved the decision to enter into an EPC contract for the proposed Klaipeda LNG reloading station at an extraordinary general meeting of shareholders held on 8 March 2016.

In February 2016, Chart Industries Inc. announced that its wholly owned Czech subsidiary, Chart Ferox, and EPC consortium partner, PPS Pipeline Systems Germany, had been selected to provide an LNG reloading station for AB Klaipedos nafta at the Port of Klaipeda, Lithuania. Following the extraordinary general meeting, the contract can now be concluded under a number of conditions.

The natural gas reloading station is expected to start operations 15 months after the contract has come into force.

Chart confirmed that the consortium will deliver a total project scope, including equipment engineering, production, installation, and commissioning, as well as construction of the associated infrastructure. The contract is valued at €27.7 million.

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