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Lithuanian and Gazprom experts conclude talks on price of Russian gas for Lithuania

August 01, 2013, 20:02 UTC+3
The price Lithuania pays for Gazprom’s natural gas, about 500 dollars for 1,000 cubic meters
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VILNIUS, August 1 (Itar-Tass) - Lithuanian experts and those of Gasport have concluded the talks on the future price of Russian natural gas for Lithuania, Yaroslav Neverovic, the Lithuanian Energy Minister, told Lithuanian radio Ziniu Radijas on Thursday.

“The experts have done their work and it is now for our partners to make the decision,” he said. The minister who headed the Lithuanian experts’ group at the talks expressed the hope that the price of gas will be “rationalized” as a result. “A liquefied natural gas terminal, to go into operation by the end of 2014, will be an additional reason for lowering the gas price,” Neverovic said.

The price Lithuania pays for Gazprom’s natural gas, about 500 dollars for 1,000 cubic meters, is higher than the prices Latvia, Estonia and many European countries pay. Lithuania has no alternative to Russian gas, as its gas networks are integrated in the easterly direction. Lithuania builds a liquefied gas terminal in the port of Klaipeda to diversify sources of gas supply.

 

 

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