The Norwegian government does not intend to influence decisions by the state-controlled energy group Statoil on the price of liquefied natural gas (LNG) sold to Lithuania even if Russia's Gazprom further cut its gas price to make imports through the Klaipėda LNG terminal unprofitable, Norway's minister for EU affairs said on Monday.
Vidar Helgesen
© DELFI / Šarūnas Mažeika

Vidar Helgesen said that Lithuania may expect gas prices to go down now that it has two gas suppliers.

"For a very long time, we have made it clear that (...) commercial decisions are taken by Statoil, its leadership, and, therefore, we don't interfere with pricing mechanisms or decisions," the minister told reporters in Klaipėda where he is attending a welcoming ceremony for the Independence, the floating storage and regasification unit (FSRU) built for Lithuania's LNG terminal.

"The fact that Lithuania will now get more options will result in competition. Competition is likely to result in better prices," he said.

The Norwegian government holds a 67-percent stake in Statoil.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Modern office space leasing thrives in Vilnius (1)

The beginning of 2019 stood out in the office market of Vilnius by the abundance of leasing deals...

Justice Minister asks top court about lift ban on Paksas

Justice Minister Elvinas Jankevicius has asked the Constitutional Court to clarify how to...

Lithuanian anti-trust body says recovering fine from Gazprom is difficult

Lithuania has so far failed to find Gazprom 's assets from which it could recover a 42-million-euro...

Achema turns to CJEU over LNG terminal's maintenance costs

Jonava-based fertilizer producer Achema and gas trade company Achema Gas Trade, both part of the...

Lithuania to give EUR 4.5 mln in solar power plant support to residents

The Lithuanian government plans to allocate 4.5 million euros in financial support to residents who...