AB Klaipėdos Nafta informed that it has specified the terms of negotiated procedure on the procurement of a long-term loan amounting up to EUR 300 million.
The company intends to secure the long-term loan in order to finance intended purchase option of a floating LNG storage and regasification unit for the purpose of decreasing annual LNG terminal exploitation costs, Klaipedos Nafta said in a statement.
Changes of the terms of negotiated procedure mainly concern specifications to the procedure in relation to the intention of the company to obtain financing of the loan from international financial institutions (e.g. European Investment Bank, Nordic Investment Bank, European Bank for Reconstruction and Development). If in course of the procedure of negotiations it will become clear that the company shall, in fact, obtain financing from the said alternative source in full or in part, the amount of the financing to be obtained from commercial banks shall be respectively reduced or withdrawn.
[mappress mapid=”17709″]
Image: Klaipedos Nafta