According to the EIB, the project concerns the modernisation and expansion of the core Trans-European Transport Network (TEN-T) port of Klaipeda, covering targeted investments in port infrastructure and operations to strengthen maritime transport and logistics, enable offshore renewable energy deployment, and provide logistical support of allied military vessels.
in particular, the project comprises thirteen components that will support maritime transport development, the port's energy transition, military mobility, and the offshore renewable energy sector.

The aim is to develop the port into an innovative hub for port services, the maritime industry, and green energy to improve the port's efficiency and competitiveness, advance decarbonisation and the green transition in the port and the wider region, and reinforce security, resilience, and the EU's strategic autonomy.

The port of Klaipeda represents a strategic trade point for the oil supplies of NATO forces in the region.

As stated by the IEA, "the Port of Klaipeda, located on the central part of the Lithuanian Baltic Sea coast, is the northern most ice-free port on the eastern coast of the Baltic Sea. It is the most important and biggest Lithuanian transport hub and fulfils the important role of importing and exporting petroleum products. Klaipedos Nafta or “KN Oil Terminal” is majority owned by the state (72.3%), represented by the Ministry of Energy, and a 10.41% shareholding is held by Achema Group, a private company; the remaining ownership shares traded on Nasdaq Vilnius. The terminal is able to handle both crude and refined products, offering loading and discharging services between tankers and rail cars, and tanker truck loading for regional diesel and gasoline supplies. The total annual import/export capacity is eight million tonnes (160 kb/d)."

No project contacts provided at the time of disclosure.

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