On 11 July 2012 the Government of the Republic of Lithuania adopted a resolution on amendment of the resolution of the Government of the Republic of Lithuania No. 199 “On Development of Liquefied Natural Gas Terminal”. The Government of the Republic of Lithuania (including, but not limited):
- granted an approval for AB “Klaipėdos nafta” (hereinafter, the Company) to construct the infrastructure of Klaipėda Seaport and obligated state enterprise Klaipėda Seaport Authority (hereinafter, the Authority) to compensate all expenses of the Company, which will be incurred with respect to construction of infrastructure of Klaipėda Seaport;
- defined mechanism and sources of the compensation for the investments of the Authority into the infrastructure of Klaipėda Seaport, which is intended exceptionally for the liquefied natural gas terminal;
- assigned to the Ministry of Energy to take actions and adopt decisions, which are needed for the application of liquefied natural gas terminal project financing security measures (sovereign guaranty, surety, mortgage or other) to Klaipėdos nafta, in order to ensure possibilities to finance liquefied natural gas terminal project and transactions on supply of liquefied natural gas (if this would be needed).
Resolution in question shall come into force next day following its publication in Official gazette (Valstybės Žinios).
Mantas Bartuška, Finance Director, 8 46 391 763