OREANDA-NEWS. On the 8th of July, 2016, the Connecting Europe Facility (CEF, part of the EU financing program) Coordination Committee approved the financial support of EUR 15 million for the joint project “Blue Baltics”, which expands liquefied natural gas (LNG) bunkering network across the Baltic Sea. The EU support is dedicated for five companies including SC Klaipedos nafta (hereinafter - the Company). The Company should receive EUR 4 million of EU funds.

“Blue Baltics” consists of investments in LNG mobile facility for bunkering of LNG ships in Lithuania, Sweden, Estonia and Germany. Furthermore an upgrade of LNG infrastructure in Klaip?da, expansion of LNG fuelling infrastructure in Estonia and upgrade of LNG distribution terminal in Sweden, also bunkering vessel in Germany will be implemented during the project.

The Company has already received EUR 6 million of EU support in 2015 for construction works of the LNG reloading station and EUR 0.15 million of EU support in 2014 for LNG reloading station FEED and other preparation works.