KN Energies has selected contractor for EPC works of the shore connection to Klaipėda LNG terminal

Core Points - The company AB KN Energies has selected AB Kauno tiltai as the contractor for the Klaipėda LNG terminal electrification project through an international public procurement process [1] - The contract for the engineering, procurement, and construction works is valued at EUR 19.3 million, excluding VAT [2] - The contractor will design and install the electrical cable necessary for the LNG floating storage regasification unit (FSRU) "Independence," which will run through Klaipėda city and beneath the Curonian Lagoon [3] - A subsidy agreement was signed in April 2025, allocating EUR 6 million from the EU's Modernisation Fund Program for the project, with the remaining funds to be borrowed from commercial banks [4] - The project has received approval from the National Energy Regulatory Council for inclusion in the regulated asset base and is expected to be completed within three years [5]