Klaipedos Nafta AB - Notification on material event

The new Natural Gas Supply Diversification Procedure has been approved

On 11 December 2013, the Government of the Republic of Lithuania adopted
resolution “On amending Resolution No. 1354 of the Government of the Republic
of Lithuania “On approval of the Description of the Natural Gas Supply
Diversification Procedure”, dated 7 November 2012” (hereinafter, the
Resolution) and an annex to the Resolution - the Description of the Natural Gas
Supply Diversification Procedure (hereinafter, the Description), which was laid
in new version. These legal acts have been prepared implementing provisions of
Article 11 of the Law of the Republic of Lithuania on the Liquefied Natural Gas
Terminal amended by the Law on Amending Articles 5, 10 and 11 of the Law of the
Republic of Lithuania on the Liquefied Natural Gas Terminal (hereinafter, the
LNGT), related to trade in natural gas. 

The Resolution determines the minimal annual volume of regasified natural gas,
necessary for maintaining the stable process of regasification technology in
the LNGT at the minimal uninterrupted regime - 540 million cubic metres of gas
per year for the regulated period of 5 years after the beginning of the first
period of using the distributed LNGT capacities published by the LNGT operator. 

The Description determines the procedure and requirements for implementation of
diversification requirements, procedure and conditions of appointment of the
designated supplier, rights and obligations related to the natural gas supply
diversification requirements for the energy companies using gas as well as the
procedure of informing about the failure to fulfil diversification
requirements. 




         Mantas Bartuška, Director of the Finance and Administration
Department, 8 46 391 763