KN, the Lithuanian energy company formerly known as Klaipedos Nafta, has expanded a loan being used to acquire a Hoegh LNG FSRU.
The company said it had tapped Nordic Investment Bank (NIB) for a 25-year facility worth €160m ($180m).
KN currently leases the 170,000-cbm FSRU Independence (built 2014) on a 10-year deal.
It called the unit "economically viable" and plans to buy it at the end of 2024, when the charter expires.
