KNF: Decision on investments into the activities of operating the LNG bunkering carrier taken
LNG transportation services will be offered to clients in the Baltic Sea, also to clients of the LNG distribution station under construction in Klaipeda. It is planned that UAB SGD logistika together with its partner Bomin Linde LNG GmbH & Co. KG will establish a joint venture in Germany and will order construction of an LNG bunkering carrier. AB Klaipedos Nafta with its said partner is going to provide LNG bunkering services in the Klaipeda State Seaport, in the Baltic Sea and in the North Sea.
The Board of AB Klaipedos Nafta has also decided that the company will issue guarantees (i) regarding performance of UAB SGD logistika obligations under the joint venture agreement with Bomin Linde LNG GmbH & Co. KG, also (ii) regarding payment of a part of the rent of the carrier. According to the estimates of AB Klaipedos Nafta, the possible total liability of AB Klaip?dos Nafta according to such guarantees should not exceed the amount of USD 14,000,000.