OREANDA-NEWS. Klaipėdos Nafta, AB (hereinafter, the Company), hereby informs that on 3 June, 2016, the National Commission for Energy Control and Prices (hereinafter, the NCECP) has approved the new edition of the Rules for Use of the Liquefied Natural Gas Terminal (hereinafter, the Rules) the main provisions of which were pre-approved by decision of the Board of the Company issued on 27 May, 2016. On 6 June, 2016 the Rules were also confirmed by the General Manager of the Company.

The objective of the amendments made to the Rules is to increase the competitiveness of liquefied natural gas (hereinafter, the LNG) terminal in Klaipeda by creating more flexible conditions in the provision of small scale LNG services as well as to enhance the effective use of the LNG terminal capacities aiming to attract new clients in regional Baltic sea LNG and natural gas markets.

New version of the Rules was approved following public consultation announced by NCECP and held for a period from 18 March, 2016 until 18 April, 2016, subject to the Company’s evaluation of comments and suggestions submitted by the interested parties during the said consultation.