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Klaipedos nafta signs agreement for Brazilian LNG terminal

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Tanks and Terminals,

Klaipedos nafta (KN), Açu Serviços de Terminal de GNL Ltd (the Brazilian SPV) and UTE GNA Geração de Energia S.A. (GNA) have signed an agreement for the provision of operations and maintenance services in connection with GNA’s LNG terminal, located in the Port of Açu in the state of Rio de Janeiro, one of the main port complexes in Brazil, which offers a series of logistics solutions for the Brazilian oil and gas market.

KN has been appointed as an operator of the LNG terminal, which will provide safe, reliable and efficient operations, including maintenance of the jetty and its installations, gas pipeline and gas metering stations, as well as supporting the commissioning of the LNG terminal.

The agreement will become effective once GNA receives its remaining corporate and lenders’ approvals. The initial term of the agreement is for a 13-year operational period following the completion of the LNG terminal, and can be extended upon mutual agreement. The LNG terminal is due to start operations in 2020.

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