Klaipedos Nafta AB - Notification on material event

Regarding allocation of capacities of the Liquefied Natural Gas Terminal

AB Klaipėdos Nafta (hereinafter, the Company) hereby informs that on 30 April
2014 the Company has announced the first of liquefied natural gas (hereinafter,
LNG) terminal capacities allocation procedure and an invitation for the
potential users of LNG terminal to submit their requests for allocation of LNG
terminal capacities according to the conditions specified in the invitation. 
Text of the invitation is provided along with this notification on material
event (Annex No. 1) as well as is published on the website: www.sgd.lt. 

During allocation procedure of LNG terminal capacities the foundation LNG
regasification capacities, seasonal LNG regasification capacities as well as
seasonal LNG reloading capacities shall be allocated. The Company notified
about preliminary tariffs of the LNG terminal services by giving notification
of material event on 11 April 2014. 

The Company shall accept the requests of potential LNG terminal users until 30
May 2014, 4 p.m., while the agreements with the first users are expected to be
signed during the months of June - July 2014. 

This procedure and invitation commences open season for the first LNG terminal
users who shall be able to receive LNG regasification and (or) LNG reloading
services from the beginning of use of LNG terminal capacities. The LNG terminal
capacities shall be allocated yearly. The Company plans to constantly update
and publish free LNG terminal capacities which shall be subject for allocation
according to the needs and technical possibilities. 

  The Company performs allocation of capacities according to the publicly
announced Rules for Use of the Liquefied Natural Gas Terminal (hereinafter, the
Rules) 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 of the Rules by NCECP as well as about
the approval of the main conditions of the Rules by the Board of the Company by
giving notifications of material event on 11 April 2014 and 18 April 2014. 

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


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

Attachments:

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