A Stockholm arbitration court will next week start hearing the Lithuanian government's suit against Russia's gas supplier Gazprom over unfair gas prices.
© Reuters/Scanpix

Mantas Dubauskas, spokesman for the energy minister, confirmed to BNS that the hearing would take place on Jul. 1–10 and the final decision might be expected late this year or early next year.

Energy Minister Rokas Masiulis, the ministry’s officials and its lawyers should participate in the hearing.

In October 2012, the Lithuanian government filed a claim against Gazprom demanding approximately 1.4 billion euros for overcharging of gas supplies between 2014 and 2012.

In what might be an attempt to influence the Stockholm arbitration court and, possibly, appease EU regulators, Gazprom cut the price of natural gas supplies to Lietuvos Dujos, which sells gas to all household users in the country, by more than 20 percent in May 2014.

Early in April, Gazprom withdrew its arbitration suit against Lithuania over the implementation of the European Union’s (EU) Third Energy Package.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

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...

Masiulis claims Grybauskaite asked for MG Baltic's positive coverage

Eligijus Masiulis , ex-leader of Lithuania's Liberal Movement, accused of accepting a bribe, claims...

Offices of the future will have to offer more than the working premises

The office becomes an important tool to attract employees and is now not just the work premises, but...