Elektrėnai, Lithuania, 2011-12-19 12:50 CET (GLOBE NEWSWIRE) -- Lietuvos Energija, AB and SC Klaipėdos Nafta and signed the preliminary contract that turned to be the first step in the negotiations regarding the volumes and terms of gas supply from the projected Liquefied natural gas (LNG) Terminal. During the implementation of the Terminal’s project the Parties have committed to exchange information and specify all the related data necessary for the conclusion of the main Agreement. The Contract also provides for Klaipėdos Nafta, the Company executing the project, to put all efforts so that the Terminal’s capacity would allow guaranteeing the total gas volume necessary for Lietuvos Energija.
The Parties will specify the gas volumes, terms of delivery, pricing principles, distribution of responsibilities in the main Agreement that is expected to be signed by 31 December 2012.
LNG Terminal in Klaipeda Seaport is expected to start its operation by the end of 2014.
Jūratė Kavaliauskaitė
Head of Communications, Lietuvos energija, AB
Phone: +370 528 33691
E-mail: jurate.kavaliauskaite@le.lt