Klaipedos Nafta - Notification on material event

Regarding allocation of capacities of the Liquefied Natural Gas Terminal

SC “Klaipedos Nafta” (hereinafter, the Company) hereby informs that on 24th of
April 2014 the Company has announced the annual liquefied natural gas
(hereinafter, LNG) terminal capacities allocation procedure and an invitation
for the potential users of the LNG Terminal to submit their requests for
allocation of LNG terminal capacities for the upcoming Gas Year, lasting from
the 1st of October, 2015 to the 1st of October, 2016. Text of the invitation
(Annex No. 1) is provided along with this notification on material event and is
also published on the website: www.sgd.lt. 

The Company performs the allocation of capacities according to the publicly
announced Regulations for Use of Liquefied Natural Gas Terminal (hereinafter,
the Regulations), which were verified and approved by the National Commission
for Energy Control and Prices (hereinafter, the NCECP) and the Board of the
Company. The Company notified about the pre-approval by NCECP of the
Regulations currently in force as well as about the approval of the main
provisions of these Regulations by the Board of the Company by publishing a
notification of material event on the 30th of September, 2014. It should be
noted, that at the moment a new edition of the Regulations has been prepared
and announced for public consultation by NCECP and which can be found at the
database of legal acts of Seimas. 

During the allocation procedure of the LNG terminal capacities the foundation
LNG regasification capacities, seasonal LNG regasification capacities and
seasonal LNG reloading capacities shall be allocated which after coming into
force of the new edition of the  Regulations shall be accordingly treated as
LNG regasification capacities and LNG reloading capacities. The total volume of
the LNG terminal capacity being allocated is 1.45 bcm per annum, which is
equivalent to 2.5 mln m3 of LNG per annum at the following reference
conditions: temperature (combustion/measurement)- 25/0 oC, pressure - 1.01325
bar. After the launch of the new gas transmission pipeline connection Klaipeda-
Kursenai, regasification restrictions for the LNG terminal will be abolished.
The Company at its website shall constantly announce and update the information
regarding free capacities of the LNG terminal, which shall be available for
acquisition during the Gas Year as well. 

The Company shall accept the requests of potential LNG terminal users until
25th of May, 2015, 4 p.m., while the agreements with the users shall be signed
until 7th of June, 2015. 

Annex No. 1 - Invitation to provide LNG terminal capacity allocation requests.


         Marius Pulkauninkas, Director of the Finance and Administration
Department, 8 46 391 763

Attachments:

Invitation to provide LNG terminal capacity allocation requests.pdf