Vilnius Regional Administrative Court (VAAT) will hear an appeal of the Russian gas concern Gazprom regarding the LTL 123 million (EUR 35.6 million) fine imposed by the Competition Council as a result of violations of concentration clause.
Gazprom
© Reuters/Scanpix

Gazprom has requested to reverse the ruling which it regards illegal.

As reported, having received a complaint from AB Lietuvos Energijos Gamyba the Competition Council opened an investigation.

AB Lietuvos Energijos Gamyba sought to implement natural gas swap agreement, according to which natural gas, acquired cheaper in Western Europe, would have been imported to Lithuania.

In the course of investigation, the Competition Council's experts established that Gazprom's refusal to negotiate with AB Lietuvos Energijos Gamyba such swap agreement for 2013 - 2015 had created obstacles for AB Lietuvos Energijos Gamyba to purchase natural gas from another provider and thus breached the merger condition.

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

Lietuvos Energija is Acquiring a Wind Farm Development Project in Poland

Lietuvos Energija , a group of energy companies, further pursues the international strategy provided...

Latvenergo starts selling natural gas in Lithuania

Latvia's state energy company Latvenergo has started offering natural gas to its customers in...

Brussels preparing for talks with Russia on Baltic power systems

The European Commission is getting ready to start consultations with Russia over the switching of...

The biggest Lithuanian energy company expands in Poland

The Lithuanian state capital energy company group Lietuvos Energija moves forward with...

Eesti Gaas places order for the first LNG bunker vessel for North-East Baltic Sea

The leading Estonian energy company Eesti Gaas has placed an order for an LNG (liquefied natural gas)...