Lietuvos energija, AB - Notification on material event

Lietuvos energija, AB has concluded the preliminary contract regarding gas supply from the projected LNG Terminal

Elektrėnai, Lithuania, 2011-12-19 12:50 CET (GLOBE NEWSWIRE) -- Lietuvos
Energija, AB and SC Klaipėdos Nafta and signed the preliminary contract that
turned to be the first step in the negotiations regarding the volumes and terms
of gas supply from the projected Liquefied natural gas (LNG) Terminal. During
the implementation of the Terminal's project the Parties have committed to
exchange information and specify all the related data necessary for the
conclusion of the main Agreement.  The Contract also provides for Klaipėdos
Nafta, the Company executing the project, to put all efforts so that the
Terminal's capacity would allow guaranteeing the total gas volume necessary for
Lietuvos Energija. 

The Parties will specify the gas volumes, terms of delivery, pricing
principles, distribution of responsibilities in the main Agreement that is
expected to be signed by 31 December 2012. 

LNG Terminal in Klaipeda Seaport is expected to start its operation by the end
of 2014. 


         Jūratė Kavaliauskaitė
         Head of Communications, Lietuvos energija, AB
         Phone: +370 528 33691
         E-mail: jurate.kavaliauskaite@le.lt