Gas prices will rise for Lithuanian buyers of gas from Gazprom, Russia's gas monopoly, but according to Dalius Misiūnas, the CEO of the Lietuvos Energija energy company holding in Lithuania, this should not translate into higher prices for end users.
Gas stove
© Shutterstock nuotr.

The small rise in gas prices, according to Misiūnas, will be partially balanced by falling oil prices. Gas prices for domestic users have already been set, and will only be reevaluated then. However, Misūnas claimed that the goal would be to maintain stable gas rates or even to decrease them if at all possible.

Misiūnas believes that the higher prices are Gazprom's response to falling oil prices, and are an attempt to prevent the falling prices from hurting the gas monopoly's bottom line.

Lithuanian gas providers and distributors are also in discussions with Norway's Statoil, making the gas price negotiation somewhat more competitive than it has been in the past.

Vasiliauskas calls on MPs to turn to ECB over banking tax

Vitas Vasiliauskas , board chairman of the central Bank of Lithuania , has called on lawmakers to...

Fake or true: your coffee might contain grounded cockroaches (1)

In past months some global media shocked their readers by claiming that grounded coffee might...

Nauseda: state bank shouldn’t be taboo

The existing situation in the Lithuanian banking market makes one to start thinking about the...

Lithuania not considering 'century bond' yet

The Lithuanian Foreign Ministry sees no need for issuing ultra-long debt yet, but might consider...

Cabinet backs retail and bank taxes

The Lithuanian Cabinet on Wednesday backed in principle new taxes on bank assets and retail...