KN secures FSRU Independence rent funds

Image courtesy of Klaipedos Nafta

Klaipedos Nafta, the operator of the Lithuanian LNG terminal in the port of Klaipeda has secured a €135.16 million ($148.65 million) loan from the Nordic Investment Bank. 

KN said in its statement that the funds will be used to finance the rent under the time charter party signed with Höegh LNG for the floating storage and regasification unit (FSRU) Independence serving as the LNG import facility.

The loan will also be used to finance the balancing of the LNG terminal security additional component to the natural gas transmission price.

The term of the loan is up to 25 years, with 100 percent of the company’s financial obligations under the loan agreement will be secured by a state guarantee.

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >