European Commission publishes decision on compatible state aid

Published by David Rowlands, Editor
LNG Industry, Wednesday, 23 October 2019 09:00

The European Commission has published a decision on the compatible state aid confirming that the measures proposed by the Republic of Lithuania to reduce the costs of maintenance of LNG terminal are compatible with the internal market and fulfil the criteria for state aid.

According to the statement by Klaipedos nafta, the measures approved in this decision will create legal preconditions to decrease the costs of maintenance of LNG terminal by up to €135.5 million until 2024.

Further decisions will reportedly be approved by the board and the general meeting of shareholders of AB Klaipedos nafta.

Read the article online at: https://www.lngindustry.com/regasification/23102019/european-commission-publishes-decision-on-compatible-state-aid/

Commonwealth LNG announces new management appointments

Tuesday 06 June 2023 09:00

Commonwealth LNG has bolstered its management ranks with the addition of George Nemeth as Chief Commercial Officer, and Dan Fleischer as Senior Vice President, Finance.

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