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European Court of Justice Decision Regarding State Aid for the Klaipėda LNG Terminal

Klaipedos Nafta
·1-min read

Today, April 29th, the European Court of Justice (hereinafter - ECJ) has adopted the decision regarding Achema Grupė, UAB, and Achema, AB (hereinafter - the Applicants) appeal. The Applicants were seeking for annulment of the European Commission Decision C(2013) 7884, by which State aid SA.36740 (2013/N), granted by the Republic of Lithuania to AB Klaipėdos nafta for implementation of the Klaipėda LNG terminal, was declared compatible with the internal market of EU (hereinafter - Appeal).

ECJ dismissed the Appeal.

ECJ's decision is final and indisputable.

Link to the notification regarding European Commission decision to confirm state aid for the Klaipėda LNGT project: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=582451&messageId=720135

Jonas Lenkšas, Chief Financial Officer, +370 694 80594.