EU Approves State Aid for Lithuanian LNG Terminal

Wednesday, October 31, 2018

The European Commission approved on Wednesday new government support terms to the liquefied natural gas (LNG) terminal at the Klaipeda seaport, after the Lithuanian authorities changed some of the conditions it got approval for already in 2013.

The new terms include the imposition of a public service obligation on gas company Litgas to supply of a mandatory quantity of liquefied natural gas to the LNG terminal in Klaipeda in exchange for compensation from the government.

The second change is the scrapping of an obligation for Lithuanian heat and electricity generating companies to buy a certain quantity of gas from Litgas, which will now sell its gas on the market.

"The Commission found that the modifications to the initial scheme, in particular the removal of the purchase obligation, will contribute to enhancing competition on the Lithuanian gas market," the EU executive said in a statement.


(Reporting By Jan Strupczewski)

Categories: Government Update Government FSRU Ports LNG

Related Stories

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production Closes $1B Investment to Drive Further Growth

Wood JV Gets EPC Job for Shell off Brunei

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com