AB Klaipėdos Nafta will temporarily perform functions related to the legal status of the LNGT operator

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| Source: Klaipedos Nafta AB
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On 13 November 2013, the Government of the Republic of Lithuania adopted resolution “On supplementing Resolution No. 199 of the Government of the Republic of Lithuania “On implementation of the Law of the Republic of Lithuania on the Liquefied Natural Gas Terminal”, dated 15 February 2012” (hereinafter, the Resolution), by which it approved that AB Klaipėdos Nafta (hereinafter, the Company) would perform certain functions, performance of which is legally related to the legal status of the operator of the liquefied natural gas terminal (hereinafter, the LNGT) until the natural gas liquefying license is issued to company under the procedure set by legal acts.

After the effective date of the Resolution the Company will acquire the right to perform distribution of the LNGT capacities, to address the National Control Commission for Prices and Energy for setting upper limits of prices of services listed in the Law on Natural Gas of the Republic of Lithuania, as well as to prepare, coordinate and announce the rules for use of the LNGT and to prepare and coordinate agreements for use of the LNGT. Such agreements shall come into force and be implemented by the LNGT operator once the natural gas liquefying license is issued under the procedure set by legal acts.

         Mantas Bartuška, Director of the Finance and Administration Department, +370 46 391 763