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EU Approves State Aid For Lithuanian LNG Terminal

- Nov 07, 2018 -

According to a Reuters news agency in Brussels on October 31, the European Commission approved a new government support clause for the Kleppida Port LNG terminal on Wednesday, after the Lithuanian authorities revised some of the conditions that have been approved in 2013.

The new terms include a public service obligation to the natural gas company Litgas to supply LNG to the Klaipeda LNG receiving station in exchange for government compensation.

The second change is that Lithuanian Thermal Power Company has canceled the obligation to purchase a certain amount of natural gas from Litgas, which Litgas will now sell on the market.

The European Commission said in a statement: "The European Commission has found that changes to the initial plan, especially the cancellation of purchase obligations, will help to strengthen competition in the Lithuanian natural gas market."