May 11
2021
Anjum Shabbir
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20th November 2020
Competition & State Aid

State aid: Commission approves additional state guarantee for LNG terminal in Lithuania

In November 2013, the Commission approved aid to support the construction and operation of the LNG terminal under EU State aid rules, and has now also approved a Lithuanian measure to issue a state guarantee for securing a loan for AB Klaipėdos Nafta (‘KN'), so that it can finance the purchase of the Floating Storage and Regasification Unit part of the LNG terminal.

The Commission had originally found that the measure was necessary to ensure security of gas supply in Lithuania, and found that the current measure remains compatible with the Internal Market and, therefore, approved the additional state guarantee.

The case number is SA.57032.

For more information, click here.

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