Regarding signing of the contract on lease, operation and maintenance (repair) of the floating liquefied natural gas storage and

abarrelfull wrote on 02 Mar 2012 15:55
Tags: lithuania lng

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AB Klaipedos Nafta has signed a contract on lease, operation and maintenance (repair) of the floating liquefied natural gas storage and regasification unit (hereinafter, the FSRU) for 10 years with the right to redeem the FSRU with Höegh LNG Ltd., the winner of the public procurement tender of AB Klaipėdos Nafta “Acquisition of a Floating Liquefied Natural Gas Storage and Regasification Unit”, providing that the term of delivery of the FSRU to Klaipėda Port shall be from 1 September 2014 to 1 December 2014, setting a fixed price for lease of the FSRU, whereas the FSRU operation, maintenance (repair) costs shall be reimbursed on occurrence, however such costs will not exceed the agreed amount for the first two years, therefore, the total FSRU lease and operation costs for the first year, including remuneration for the crew and other payments, which will be indexed annually according to the consumer price index, will not exceed USD 156,200 (VAT excluded) per day, and also providing that AB Klaipėdos Nafta will have to submit to the FSRU supplier a warranty for payment of the amount not exceeding USD 50,000,000, for the issue of which AB Klaipėdos Nafta will have to pledge its property (funds in bank accounts, receivables) for the benefit of the person that issues the warranty. This contract will enter into force after its approval by the general meeting of shareholders of AB Klaipėdos Nafta.

• Regarding signing of the contract on lease, operation and maintenance (repair) of the floating liquefied natural gas storage and regasification unit

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