AB Klaipėdos Nafta said it has contracted German concern PPS Pipeline Systems GmbH for the Natural Gas Pipeline System EPC works related to the LNG terminal project.
“ Under the Contract natural gas pipeline system engineering, procurement and construction works, necessary in constructing the connection between the Liquefied Natural Gas Terminal’s jetty within the water area of the Klaipėda State Sea Port (near the northern part of the Kiaulės Nugara island) and the Lithuanian natural gas transportation system (gas pipeline Jurbarkas-Klaipėda (section Tauragė-Klaipėda) near Klaipėda DSS-2 (gas distribution station) by Kiškėnų village, Dovilų sub-district, Klaipėda district municipality) will be executed ,” the company said in a statement.
The main conditions of the contract include the following:
1. the total fixed price for all works shall be LTL 94,840,000, VAT excl., and LTL 114,756,400, VAT incl. The rate of the VAT on the day of the conclusion of the contract is equal to 21 percent. This fixed price of the contract can increase only in exceptional cases provided for in the contract. The company will pay the indicated fixed price of the contract only for the works actually performed;
2. all the works under the contract shall be finished till 1 August 2014. The works performance term may only be extended in the exclusive cases set forth in the contract.
1 Lithuanian Litas equals 0.38 US Dollar
[mappress] LNG World News Staff, May 6, 2013; Image: Klaipedos Nafta