Klaipedos Nafta seeking EUR 300 mln loan

Klaipedos Nafta seeking EUR 300 mln loan

Klaipėdos Nafta of Lithuania said that it has issued calls for tenders looking to procure a long-term loan amounting up to EUR 300 million.

The company said in its filing that the loan will be used to finance planned redemption of the Independence FSRU for the purpose of decreasing annual LNG terminal exploitation costs.

The deadline for the submission of bids is set for September 7.

Klaipedos Nafta signed a contract on lease, operation and maintenance of the FSRU, which is being used as an LNG import terminal in the port of Klaipeda, with Höegh LNG on 2 March 2012.

Image: Klaipėdos Nafta

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