aA
The EU General Court on Thursday rejected an appeal by Achema, a Lithuanian fertilizer producer which is part of the Achema business group, over state aid for the Klaipeda-based LNG terminal.
Achema loses EU court case over state aid for Klaipeda LNG terminal
© DELFI / Domantas Pipas

The court confirmed that the whole coordination with the European Commission on the state aid 6-7 years ago was lawful, including the chosen size of the LNG terminal and the project's implementation and funding model, Lithuania's Ministry of Energy said.

"The terminal's strategic importance for the state and all natural gas consumers has been confirmed once again," Energy Minister Zygimantas Vaiciunas said in a statement.

Unhappy with the European Commission's 2013 decision to support the LNG terminal in Lithuania, Achema, the largest gas consumer in Lithuania, initiated a case against the EC in July, 2016.

Gintras Balciunas, deputy board chairman of the Achema group, then told BNS Lithuania that part of important information had not been disclosed by Lithuania, including that Achema had been denied permission to build a terminal of its own. Also, the group believed, the (Klaipeda LNG terminal's) capacity was larger than Lithuania needed. The group believed that exact data on the actual use and prospects for the use of the terminal had not been disclosed.

In November, 2013, the EC ruled after about six months of investigation that a total of 448 million euros worth of state assistance to the LNG terminal project would not affect competition and make it possible for Lithuania to integrate into the EU gas market.

The EC decision paved the way for Lithuania to warrant for the 87-million-euro loan granted to Klaipedos Nafta by the European Investment Bank (EIB).

Achema has also turned to several courts in Lithuania over state aid for the LNG terminal. The company did no pay mandatory taxes up until the middle of 2015, stating that they amounted to excessive financial burden. But it paid off its tax debts once the Constitutional Court ruled it must pay.

Achema owns a 10 percent stake in Klaipedos Nafta which operated the LNG terminal in Lithuania.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

Lithuanian company offers solution for international control of coronavirus test and vaccine

After the global coronavirus pandemic began in Wuhan it has affected people all over the world....

Avia Solutions Group to sel Baltic Ground Services Poland

Avia Solutions Group , the largest aerospace business group from Central & Eastern Europe, has...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

Palanga airport set to reopen with 1st flight since lockdown

Hungary's Wizz Air is on Tuesday relaunching its regular service between Palanga and Dortmund,...

Top news

Free movement between Poland and Baltics to be restored next week

Free movement between Poland and the Baltic states will be resumed next week, Lithuanian Prime...

Candidates list of social democrats for upcoming Seimas election approved

The presidium of the opposition Social Democratic Party of Lithuania on Thursday approved the...

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

7 new coronavirus cases in Lithuania

On Thursday, Lithuania has detected 7 new coronavirus cases. Overall, there have been 1694 COVID-19...

Foreign minister: EU's external borders unlikely to open until late June

The European Union 's external borders may remain closed until late June, Lithuanian Foreign...

|Maža didelių žinių kaina