Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
VILNIUS, July 9 (Itar-Tass) - Lithuania and the European Investment Bank have signed a credit agreement on Tuesday, under which the bank will grant the republic a 87-million-euro loan for the construction of a liquefied natural gas terminal in the Klaipeda seaport. The credit was borrowed under the state guarantee by the state-run Klaipedos nafta company operating in the Klaipeda seaport.
“The fund is a guarantee that the project of the terminal will be completed in a proper time,” Director General of the state company Rokas Masiulis said. He considers this project as a very important for the diversification of gas supplies to Lithuania. Currently, the republic fully depends on Russia’s Gazprom, which is the monopoly supplier of gas to Lithuania.
Under the agreement, the loan will cover up to 50 percent of funds necessary for the construction of the LNG-terminal. Money will be divided into six tranches. The loan must be returned within 20 years. There are no exact data pertaining to the interest rate, which may be both fixed and floating. Vilnius plans to make proposals regarding a schedule of payments.
The cost of the LNG-terminal project is 453 million litai (131 million euros). The Klaipedos nafta company was instructed by the government to build the terminal in the same-named seaport. The terminal will be commissioned by the end of 2014.