Swedbank grants EUR 83.33 mln credit to Litgas

Litgas, a unit of Klaipedos Nafta, said it was granted an 83.33 million Euro credit by Swedbank.

The company will use the funds to finance its LNG activities. Litgas General Director Dominykas Tuckus said that the 5-year deal with Statoil provided the company with the ability to work out very competitive conditions for the credit line.

LNG World News Staff, September 22, 2014; Image: Swedbank