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
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Poland thanks Lithuania for naming Vilnius street after Kaczynski

Poland on Friday thanked Lithuania for naming a street in its capital Vilnius after late Polish...

Georgia to continue to seek integration with West after election - formin in Vilnius

Tbilisi will continue to seek integration into the West regardless of who wins next Sunday's...

Lithuanian-Polish interparlt assembly might take place this year, MP says

The Lithuanian-Polish interparliamentary assembly might gather as early as this year, Arvydas...

Polish ForMin urges Lithuania to scrap election threshold for ethnic minorities - Interview (1)

Polish Foreign Minister Jacek Czaputowicz has called on Lithuania to amend its legislation so that...

Russian-language TV channel Current Time to be launched in Lithuania

The Vilnius TV Tower is starting on Friday to re transmit Current Time , a US-funded Russian-language...