OREANDA-NEWS.  February 09, 2012. The Government of the Republic of Lithuania passed a resolution Regarding Approval of the 2008-2012 Implementation Plan of the National Energy Strategy (hereinafter Plan) whereby the project of liquefied natural gas terminal was included in the 2008-2012 Implementation Plan of the National Energy Strategy.

 In the Implementation Plan of the National Energy Strategy it is provided that AB Klaipedos nafta shall develop LNG import terminal by end of 2014. LNG terminal shall comprise of floating storage and regasification technology, onshore equipment of terminal and connection with transmission system of natural gas and/or technological equipment. Also in the Plan preliminary budget of AB Klaipedos nafta for the implementation of the project of LNG terminal is LTL 532 million (precise budget shall be prepared following conclusion of contracts with main contractors). It is not intended to use funds of the national budget. It is foreseen that in accordance with articles of association of the company approval of the general meeting of the shareholders shall be needed for the conclusion of contracts with the main contractors of LNG terminal project.

 In the Implementation Plan of the National Energy Strategy it is provided that State Company Klaipedos valstybinio juru uosto direkcija, which is controlled by the Ministry of Transport shall develop existing and new infrastructure of Port of Klaipeda and perform other development works of the port, which are needed for the implementation of LNG import terminal project developed by AB Klaipedos nafta. Preliminary budget of State Company Klaipedos valstybinio juru uosto direkcija is LTL 150 million. It is not intended to use funds of the national budget.