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Lithuania may respond to Gazprom's lawsuit with a counter claim

March 06, 2012, 18:29 UTC+3
Lithuania may appeal to an international arbitration court in response to the Gazprom lawsuit
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VILNIUS, March 6 (Itar-Tass) —— Lithuania may appeal to an international arbitration court in response to the Gazprom lawsuit, Lithuanian Energy Minister Arvydas Sekmokas said on Tuesday.

“We feel calm and reserved about the current situation,” the minister said. “Vilnius is analyzing the arbitration case nuances and its reply, including the possible lodging of a counter claim.”

Gazprom sued Lithuania at an international arbitration court on March 1 with the goal to protect its investments in Lithuania, which planned the most ardent fulfillment of the EU Third Energy Package endangering Gazprom ownership of a part of the gas infrastructure.

Lithuania plans to apply the EU Third Energy Package to Lietuvos dujos, which buys, transports, distributes and sells gas in Lithuania and transits Russian gas to the Kaliningrad region. Gazprom has a 37.1% stake in that company.

 

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