Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Klaipedos Nafta Juggles Tenders, Finance for Baltic LNG Terminal

Klaipedos Nafta AB, Lithuania’s state-controlled energy terminal operator, is close to resolving all remaining issues related to finances and public tenders for a new natural-gas terminal on the Baltic Sea.

“Signing contracts soon with builders of a jetty and a pipeline link should ensure we can start up the terminal by late 2014,” Klaipedos Nafta Chief Executive Officer Rokas Masiulis told reporters today in Vilnius, the capital.

Lithuania is building the floating liquefied natural-gas terminal to diversify its gas imports and reduce reliance on Russia’s OAO Gazprom. Cash from the company’s profitable oil business will help pay for the roughly $800 million LNG project, alongside a February overdraft deal with Nordea Bank AB and long-term loans from international lenders, Masiulis said.

Klaipedos Nafta today said it selected AS BMGS of Latvia to build on-shore infrastructure for the terminal for 94 million litai ($35 million) plus value-added tax. Revised final bids in a tender to build a 20-kilometer (21.8-mile) pipeline linking the terminal to Lithuania’s gas grid are due on March 6, according to Masiulis.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.