Klaipedos Nafta - Other information

Regarding the EU financial support for the LNG reloading station project implementation

On the 8th of July, 2016, the Connecting Europe Facility (CEF, part of the EU
financing program) Coordination Committee approved the financial support of EUR
15 million for the joint project “Blue Baltics”, which expands liquefied
natural gas (LNG) bunkering network across the Baltic Sea. The EU support is
dedicated for five companies including SC Klaipedos nafta (hereinafter - the
Company). The Company should receive EUR 4 million of EU funds. 

“Blue Baltics” consists of investments in LNG mobile facility for bunkering of
LNG ships in Lithuania, Sweden, Estonia and Germany. Furthermore an upgrade of
LNG infrastructure in Klaipėda, expansion of LNG fuelling infrastructure in
Estonia and upgrade of LNG distribution terminal in Sweden, also bunkering
vessel in Germany will be implemented during the project. 

The foreseen accomplishment of the project is by the end of 2nd quarter of 2019.

The Company has already received EUR 6 million of EU support in 2015 for
construction works of the LNG reloading station and EUR 0.15 million of EU
support in 2014 for LNG reloading station FEED and other preparation works. 


         Marius Pulkauninkas, Director of Finance and Administration
Department, tel. 8 46 391763