NCECP has completed the planned audit of AB Klaipėdos nafta Liquefied Natural Gas Terminal Project expenditures


AB Klaipėdos nafta (hereinafter, the Company) hereby informs that the National Commission for Energy Control and Prices (hereinafter, the NCECP), has completed the planned audit of the Company in order to assess whether during the determination of the natural gas liquefaction price, a substantiated value of the investment of Liquefied Natural Gas (hereinafter - LNG) Terminal was used and it has approved audit results on 10th of November, 2016.

No major issues have been identified during the audit. The NCECP has identified an amount of EUR 132 thousand which had to be financed from the Company’s own funds. Also it has identified that the Company has to include an amount of EUR 63 thousand into the LNG Terminal Project investment value which represents the cost of natural gas held as stock in the natural gas pipeline.

The NCECP will evaluate the impact of the said amounts to the natural gas supply security additional supplement to the natural gas transmission price when estimating the price of the Company‘s natural gas liquefaction (regasification) service for 2017.

         Marius Pulkauninkas, Director of Finance and Administration Department, 8 46 391 763