Klaipedos Nafta establishes LNG bunkering unit

AB Klaipedos Nafta has announced that it has established a wholly owned subsidiary, UAB SGD logistika, to operate an LNG bunkering carrier.

Mantas Bartuška has been named as the head of the subsidiary, which has an authorised capital of €200 000.

The subsidiary will offer LNG transportation services to clients in the Baltic Sea and clients of the LNG distribution station that it currently under construction in Klaipeda.

UAB SGD logistika and its partner Bomin Linde LNG GmbH & Co. KG plan to establish a joint venture in Germany and order the construction of an LNG bunkering carrier. AB Klaipedos Nafta will provide LNG bunkering services in the Klaipeda State Seaport, in the Baltic Sea and in the North Sea. 

The Board of AB Klaipedos Nafta has also announced that the company will issue two guarantees. The first is regarding performance of UAB SGD logistika obligations under the joint venture agreement with Bomin Linde LNG GmbH & Co. KG. The second guarantee is regarding payment of a part of the rent of the carrier. According to AB Klaipedos Nafta’s estimates, the possible total liability of AB Klaipedos Nafta according to such guarantees should not exceed US$14 million.

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/regasification/23112015/klaipedos-nafta-establishes-lng-bunkering-unit-1659/