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2013-08-30 15:05:05 CEST 2013-08-30 15:06:05 CEST REGULATED INFORMATION Klaipedos Nafta AB - Notification on material eventAB Klaipėdos Nafta signed the agreement for disbursement of funds of the liquefied natural gas terminalOn 29 August 2013 AB Klaipėdos Nafta (hereinafter, the Company) and AB Amber Grid (hereinafter, Amber Grid) signed the agreement for disbursement of funds of the liquefied natural gas terminal (hereinafter, LNGT) (hereinafter, the Agreement). Amber Grid, performing the activities of the operator of the natural gas transmission system of the Republic of Lithuania, acts under the procedure and conditions set by legal acts as the administrator of the funds intended for compensation for the expenses of construction and operation of the LNGT, its infrastructure and connection, in full or in part (hereinafter, the LNGT funds). Meanwhile the Company, currently performing the functions of the LNGT project implementation company, acts under the procedure and conditions set by legal acts as the recipient of the LNGT funds, having the right to receive the LNGT funds collected and administered by the administrator of the LNGT funds and to use them under the procedure set by legal acts. By the said Agreement the Company and Amber Grid established and set out in detail the procedure and conditions of disbursement of the LNGT funds collected by Amber Grid to the Company. Under the Agreement Amber Grid will disburse to the Company 1/12 of the LNGT funds intended for compensation for the expenses of operation of the LNGT, its infrastructure and connection, in full or in part, as approved by the National Control Commission for Prices and Energy (hereinafter, the NCCPE) for the reporting year, each month. Referring to Resolution No. O3-317 of the NCCPE of 19 October 2012, the amount of the LNGT funds approved for 2013 for compensation for the expenses of construction of the LNGT, its infrastructure and connection, in full or in part, is LTL 113,798,000. Following Article 1 of the Law of the Republic of Lithuania on the Amendment to Articles 5, 10 and 11 of the Law on the Liquefied Natural Gas Terminal of the Republic of Lithuania, as of 1 January 2014 LNGT funds shall be intended for compensation for the expenses of construction of the LNGT, its infrastructure and connection, which are not feasible for financing from other resources available to the LNGT project implementation company, as well as of all the fixed operating expenses of the LNGT, its infrastructure and connection, necessary for ensuring the operation of the LNGT. Mantas Bartuška, Director of the Finance and Administration Department, 8 46 391 763 |
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