Klaipedos Nafta secures loan from NIB for Hoegh FSRU acquisition

Lithuanian oil terminal operator Klaipedos Nafta has entered into a 25-year loan agreement with The Nordic Investment Bank (NIB) to fund the acquisition of a floating storage regasification unit (FSRU) for LNG operations.

The company will use the EUR160m ($181.3m) loan provide by NIB to finance the purchase of the 2014-built LNG FSRU Independence, currently leased by KN from Norway’s Hoegh LNG, after the current 10-year charter expires at the end of 2024.

Klaipedos Nafta already secured a loan of EUR134.1m from NIB last December to finance the rent payable for the FSRU.

“As the energy market undergoes transformation and search for solutions to reduce environmental impacts, we have an advanced gas supply infrastructure in Klaipeda that can meet current and future needs of gas consumers in the Baltic Sea region and Central Europe. We see Klaipeda LNG terminal as an innovative service center that creates added value for the businesses in their transition to the green economy,” said Darius Silenskis, CEO of Klaipedos Nafta.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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