Klaipedos Nafta confirmed that it was amending the rules on the use of the LNG terminal and had submitted the draft to the National Commission for Energy Control and Prices on March 15th.
Lithuania's gas trader Litgas has teamed up with Norway's Statoil for the purposes of small-scale gas trade from the LNG facility in Klaipeda. The same activity will be pursued by Germany's Bomin Linde, which last year agreed with Klaipedos Nafta to establish a joint venture.
"The document has been updated so as to respond to market needs in a timely manner and to ensure the facility's flexibility and the maximum use of its capacities in view of the outlook for the emerging small-scale LNG operations in the Baltic region and demand for services expressed by market participants," Klaipedos Nafta CEO Mantas Bartuska said in comments sent.
Pursuant to the updated rules, the operator of the LNG terminal will allow market participants to store LNG at the terminal on a temporary basis for up to one year, instead of the current maximum period of 2 months. Other amendments include corrections to the provisions defining the responsibilities of the facility's users, elaboration of procedures for access to the LNG facility as well as technical corrections.
The state owns 72.32% of shares in Klaipedos Nafta, which is quoted on the Secondary List of the NASDAQ Vilnius Stock Exchange.
