Klaipedos Nafta - Notification on material event

CORRECTION: Decisions on LNG terminal services prices adopted

Correction in English version of the Material Event Message in order to clarify
the title of the indicated price cap, where “liquefaction” should read as
“regasification”. 

AB Klaipėdos Nafta (hereinafter, the Company) hereby informs that the National
Commission for Energy Control and Prices (hereinafter, the Commission) in its
meeting of 20 November 2014 adopted decisions on setting LNG terminal services
prices for 2015-2019. Decisions are relevant for ensuring the compensation of
maintenance and operating costs of the LNG terminal infrastructure. 

By its decisions and taking into account the procedure for compensating unused
funds necessary for covering installation costs of the LNG terminal, its
infrastructure and link to funds payers, established by Resolution No.1251 of
the Government of the Republic of Lithuania of 12 November 2014, the Commission
established a reduced natural gas supply safety component in addition to the
natural gas transmission price applied to LNG terminal funds payers in the
Republic of Lithuania - 7.41 LTL/MWh (2.15 EUR/MWh). The Commission also
established a natural gas supply safety component applied on Klaipėda LNG entry
point - 9.43 LTL/MWh (2.73 EUR/MWh). The additional natural gas supply safety
component is calculated having evaluatedfixed operating costs necessary for
ensuring the operation of the LNG terminal, its infrastructure and link. 

For 2015-2019 the Commission established the variable part of the price cap of
the natural gas regasification service (VAT excluded) - 0 LTL/MWh (0 EUR/MWh),
and the LNG reloading service price (VAT excluded) - 3.49 LTL/MWh (1.14
EUR/MWh), which will enter into force on 1 January 2015. 

In the meeting of 20 November 2014, the Commission approved depreciation rates
of the Company' fixed assets used in the natural gas regasification activity.
The Commission established annual depreciation norms by groups of fixed assets,
provided for in the resolution of the Commission. 

For more information about the resolution adopted by the Commission, please
visit the Commission's website www.regula.lt. 








         Mantas Bartuška, General Manager, +370 46 391 763