OREANDA-NEWS.  February 06, 2012. On 27 January 2012 the Ministry of Energy of the Republic of Lithuania has submitted a draft resolution to the Government proposing to pass a resolution regarding establishment of the liquidated natural gas (LNG) terminal whereby it is approved that AB Klaipedos Nafta would continue the implementation of the LNG terminal project.

The Government is also proposed by this draft resolution to give an assignment to the Ministry of Energy of the Republic of Lithuania to initiate the general meeting of shareholders of AB Klaipedos Nafta regarding the amendment of the Articles of the Association of the AB Klaipedos Nafta, proposing to stipulate in the Articles of the Association of the company that one of the purposes of AB Klaipedos Nafta activities would be the establishment of the LNG terminal and its preparation for operation, ensuring economical and rational operation of the LNG terminal and/or its later transfer to the natural gas transmission system operator controlled by the Republic of Lithuania.

It is also proposed by the draft resolution to obligate State Enterprise Klaipeda State Seaport Authority to develop the current and to establish a new infrastructure of the Klaipeda State Seaport and in this way to create a background for the establishment and commencement of operation of the LNG terminal by 3 December 2014 and to transfer such infrastructure or to grant the right to use it to AB Klaipedos Nafta.