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European Commission publishes decision on compatible state aid

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LNG Industry,

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.

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