Russia is unlikely to impose any restrictions on natural gas exports to Lithuania as this would affect its Baltic Sea exclave of Kaliningrad, a SEB Bankas economist said on Monday.
© AP/Scanpix

"Russia exports gas to Lithuania, but Lithuania is also a transit country for natural gas exports to the Kaliningrad region. If any restrictions were put in place, that region would be affected," Gitanas Nausėda, an adviser to the president of SEB Bank, said on LRT Radio.

Lithuania is still not safe and independent in economic terms, but it should feel safer once it builds a liquefied natural gas terminal in Klaipėda and a power interconnection with Sweden, he said.

"Following the completion of the LNG terminal and Swedish power link projects, these issues would become less of a concern and Lithuania would feel stronger," the economist said.

The LNG terminal is expected to be launched next December and the electricity interconnection between Lithuania and Sweden, known as NordBalt, is to start operating in late 2015.

BNS
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