KN Energies AB

Regulatory Filings • Nov 15, 2019

Disclosure 376707

Klaipedos Nafta - Notification on material event

Decisions on AB Klaipėdos nafta LNG re-gasification and reloading services prices for the year 2020

AB Klaipėdos nafta (hereinafter, the Company) hereby informs that the National Energy Regulatory Council (hereinafter – the Council) on 15 November 2019 adopted decisions on fixed and variable components of liquefied natural gas (hereinafter, LNG) re-gasification and reloading services prices. Council established the price of 194.31 EUR/MWh/day/year will be applied after signing a loan agreement with NIB and receiving a state guarantee or 349.44 EUR/MWh/day/year for fixed tariff component and 0.35 EUR/MWh for variable tariff component (0.13 EUR/MWh in 2019). LNG reloading tariff was also set at 1.11 EUR (1.14 EUR in 2019). New tariffs will be applicable from 1 January 2020.

Moreover, on 11 October 2019 the Council set the upper limits of revenue level allowed to earn by the Company from LNG re-gasification services amounting to 36.3 mEUR (after signing a loan agreement with NIB and receiving a state guarantee) or 62.3 mEUR for 2020.

For more information about the resolution adopted by the Council, please visit the website www.regula.lt.

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