Lithuania Uses LNG “Leverage”

Lithuanian utility Lietuvos Dujos said that it has won “cheaper gas” from Gazprom until the end of 2015. “Lietuvos Dujos has entered into an agreement with Gazprom that involves a significant reduction in the price of natural gas,” the company said in a statement to the stock exchange in Vilnius.

The announcement on prices came one day after Lithuania’s Energy Minister, Jaroslav Neverovič, announced that his country was in final talks with Norway and Qatar to provide LNG for the country’s floating import and regasification facility that is to be operational at the Port of Klaipėda before the end of 2014.

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