Finance ministry authorises KN LNG activities

The company has been authorised:

• to transfer (invest) the activity of the LNG terminal in Klaipeda as a property complex to the company’s 100% controlled subsidiary UAB SGD terminalas, legal entity code 304977459, by increasing the authorised capital of the subsidiary.
• as a parent company, to provide a corporate guarantee to UAB Hoegh LNG Klaipeda and HÖEGH LNG Ltd for the performance of liabilities of the subsidiary under the time charter party (lease agreement), dated 2 March 2012.