Regarding an Obligation to Compensate Expenses of AB “Klaipėdos nafta”, Which Will Be Incurred with Respect to Construction of Infrastructure of Klaipėda Seaport

Klaipedos Nafta AB 

12.07.2012 07:18
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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 'Klaip
ė
dos nafta' (hereinafter, the Company) to construct the infrastructure of
     Klaip
ėda 
Seaport and obligated state enterprise Klaip
ėda
 Seaport Authority (hereinafter, the Authority) to compensate all expenses
     of the Company, which will be incurred with respect to construction of
     infrastructure of Klaip
ė
da Seaport;
  -- defined 
mechanism and sources of the compensation for the investments of the
     Authority into the infrastructure of Klaip
ėda
 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 Klaip
ėdos 
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
News Source: NASDAQ OMX



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Language:     English
Company:      Klaipedos Nafta AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000111650
WKN:          
 
End of Announcement                             DGAP News-Service
 
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