OREANDA-NEWS. August 31, 2015. AB Klaipedos Nafta (the Company) hereby informs that it announced on procurement (terms of negotiated procedure) of the financial services (long-term loan) amounting up to EUR 300 mln., in order to finance planned redemption of a floating liquefied natural gas (LNG) storage and regasification unit for the purpose of decreasing annual LNG terminal exploitation costs.

It is anticipated to use the long-term loan for the purpose of fulfilment of financial obligations of the Company arising under the Contract on Lease, Operation and Maintenance (Repair) of the Floating Liquefied Natural Gas Storage and Regasification Unit (with amendments and supplements to it) signed by and between the Company and H?egh LNG Limited on 2 March 2012.

On 6 August 2016 the Company informed about its intention to borrow with the announcement of notification on material event.

Terms of negotiated procedure for provision of financial services (Long-term loan) are provided therein with the notification.

Submission of requests by the suppliers to participate in the procurement negotiations shall be accepted by 7 September 2015 9:00 a.m. (Lithuanian time).