SC Klaipėdos Nafta and PPS Pipeline Systems GmbH sign contract regarding design and construction of LNG reloading station
SC Klaipėdos Nafta and German – Lithuanian company PPS Pipeline Systems GmbH, acting on the basis of joint activity with the Czech "Chart Ferox, A.S., have signed the contract regarding design and construction of liquefied natural gas (LNG) reloading station on the 12th of February, Klaipėdos Nafta says in its press release. The total value of the contract reaches 27,7 million euros (VAT not included).
According to this agreement it is projected that onshore liquefied natural gas (LNG) reloading station shall start its operations in 15 months from the effective date of the signed contract, and all construction works shall be finished in the autumn of 2017. This contract will come into force after its approval by the board of Klaipėdos Nafta and the general meeting of shareholders. The works will start immediately as soon as the construction site will be handed over to the Contractor.
SC Klaipėdos Nafta and German – Lithuanian company PPS Pipeline Systems GmbH, acting on the basis of joint activity with the Czech "Chart Ferox, A.S., have signed the contract regarding design and construction of liquefied natural gas (LNG) reloading station on the 12th of February, Klaipėdos Nafta says in its press release. The total value of the contract reaches 27,7 million euros (VAT not included).
According to this agreement it is projected that onshore liquefied natural gas (LNG) reloading station shall start its operations in 15 months from the effective date of the signed contract, and all construction works shall be finished in the autumn of 2017. This contract will come into force after its approval by the board of Klaipėdos Nafta and the general meeting of shareholders. The works will start immediately as soon as the construction site will be handed over to the Contractor.
It is planned to install 5 LNG tanks with the capacity of 1 thousand cubic meters each, two truck filling stations at the LNG reloading station, and other necessary infrastructure, so that onshore terminal could function and operate safely and reliably. Technical design allows the installation of the terminal with 10 thousand cubic meters capacity.
The agreement provides that the Contractor is responsible for the procurement of LNG horizontal tanks, their supply, production, testing, delivery, construction, as well as pre commissioning, commissioning and handing over for exploitation of LNG handling, firefighting and other equipment.
„We have solid experience in LNG terminal construction that does not have analogues in the region and this experience allows us feel much stronger in developing LNG activities. Through knowledge and experience that we already have, we came a long way of negotiations before signing this agreement. We believe that the successful contractor, that took part in construction of the large LNG terminal, is experienced and competent to implement this project on time, and we in our turn, will be ready to carry out its objectives and meet the market needs. We would like to emphasize once again that the project is financed without the state help using only the company's finances and use of European Union mechanisms, but it shall fully serve our country: the project will enable a more efficient use of the large LNG terminal, will reduce the maintenance costs and create added value for the state and the port in development of a new business branch”, - comments Mantas Bartuška the CEO of SC Klaipėdos Nafta.
The State owns 72,32 percent of SC Klaipedos Nafta shares.
„We have solid experience in LNG terminal construction that does not have analogues in the region and this experience allows us feel much stronger in developing LNG activities. Through knowledge and experience that we already have, we came a long way of negotiations before signing this agreement. We believe that the successful contractor, that took part in construction of the large LNG terminal, is experienced and competent to implement this project on time, and we in our turn, will be ready to carry out its objectives and meet the market needs. We would like to emphasize once again that the project is financed without the state help using only the company's finances and use of European Union mechanisms, but it shall fully serve our country: the project will enable a more efficient use of the large LNG terminal, will reduce the maintenance costs and create added value for the state and the port in development of a new business branch”, - comments Mantas Bartuška the CEO of SC Klaipėdos Nafta.
The State owns 72,32 percent of SC Klaipedos Nafta shares.
