Klaipedos Nafta - Notification on material event

NCECP has completed the planned audit of AB Klaipėdos nafta Liquefied Natural Gas Terminal Project expenditures

AB Klaipėdos nafta (hereinafter, the Company) hereby informs that the National
Commission for Energy Control and Prices (hereinafter, the NCECP), has
completed the planned audit of the Company in order to assess whether during
the determination of the natural gas liquefaction price, a substantiated value
of the investment of Liquefied Natural Gas (hereinafter - LNG) Terminal was
used and it has approved audit results on 10th of November, 2016. 

No major issues have been identified during the audit. The NCECP has identified
an amount of EUR 132 thousand which had to be financed from the Company’s own
funds. Also it has identified that the Company has to include an amount of EUR
63 thousand into the LNG Terminal Project investment value which represents the
cost of natural gas held as stock in the natural gas pipeline. 

The NCECP will evaluate the impact of the said amounts to the natural gas
supply security additional supplement to the natural gas transmission price
when estimating the price of the Company‘s natural gas liquefaction
(regasification) service for 2017. 


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