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Klaipedos Nafta receives EU funding

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LNG Industry,

AB Klaipedos Nafta has received a notification from the Innovation and Networks Executive Agency regarding grant agreement for the ‘Blue Baltics – LNG infrastructure facility deployment in the Baltic Sea region’ action.

According to this agreement, the company together with the action partners, acquires the right to use the financial support of the Connecting Europe Facility (CEF), which is part of the EU financing programme. Under this action, the company received €4 million for the LNG reloading station, small scale LNG equipment for the LNG terminal and LNG jetty equipment.

The construction of the LNG reloading station is currently on going. The company expects the LNG reloading station to start operatons in 2H17.

AB Klaipedos Nafta previously received EU support for the LNG reloading station construction and front end engineering and design (FEED), as well as other preparation works.

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