Klaipedos Nafta informed it has concluded the liquefied natural gas terminal jetty usage agreement with the Klaipeda State Seaport Authority.
According to the agreement, the Port Authority allows the company or any legal successors of the company to use the LNGT jetty for a fee, the company said in a statement.
The usage term of the LNGT jetty shall be 50 years. Until the investment into the LNGT jetty of the Port Authority pays-off, the company will pay an annual fee for the usage of the LNGT jetty.
In accordance with the agreement, from the moment the Port Authority’s investment into the LNGT jetty pays-off, the annual usage fee shall exclusively consist only of the constant payment.
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LNG World News Staff; Image: Hoegh LNG