AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares.
According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enables the company to purposefully create and implement a long-term strategy.
It said that the ministry’s main expectations for the activities of the company and its subsidiaries and potential directions for diversification of activities include:
1. Objectives for ensuring Lithuania’s energy independence:
2. Transformation and international development goals:
3. Financial expectations:
4. Subsidiaries’ activity principles:
5. Accountability:
In January 2023, on the order of the Estonian energy group Elenger, the Equinor gas tanker Isabella delivered the year’s first shipload of LNG from the United States (US) to the port of Klaipeda in Lithuania, and in December 2022, Klaipedos Nafta and AB Amber Grid, gas transmission system operator, begun a joint process of Open Season procedure at the Klaipeda LNG terminal and Lithuanian gas transmission system.