EC approves support for Klaipe.da LNG terminal in LithuaniaStaff Writer | November 1, 2018
The European Commission (EC) has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity of liquefied natural gas to the LNG terminal in Klaipe.da.
Europe Lithuania notified the Commission of certain changes
The LNG terminal has, since its construction, played a vital role in the diversification of gas supplies and security of supply in Lithuania.
In June 2018, Lithuania notified the Commission of certain changes to the aid scheme approved in 2013.
The Commission assessed the changes to the Lithuanian aid scheme under the EU State aid rules on services of general economic interest (SGEI). The Commission found that the modifications to the initial scheme, in particular the removal of the purchase obligation, will contribute to enhancing competition on the Lithuanian gas market.
The Commission has approved both the scheme currently in force for the period from 2016 until the end of the year 2018 and the modified scheme for the period from 2019 until the end of 2024. ■