Russia's gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country's largest gas consumer, and Norway's Statoil.
Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway's Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda.
Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway's Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%.
Lithuania's gas company Litgas has concluded negotiations with Norway's Statoil to review it's five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania's LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says.
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