In 2015 natural gas price in Lithuania will increased by LTL 102 (EUR 29.5) per thousand cubic metres in order to cover the cost of building Klaipėda's Liquefied Natural Gas (LNG) terminal.
© K.Šatūno nuotr.

"The terminal just like any other infrastructure requires return on capital. We have exact figures that the cost of the terminal expressed per one thousand cubic metres of gas adds LTL 100 (EUR 28.9). This is not a secret," Prime Minister Algirdas Butkevičius told the national radio LRT on Tuesday.

According to the National Commission for Energy Control and Prices (VKEKK), this year natural gas price is LTL 1,507 (EUR 436) per thousand cubic metres. The regulating authority forecasts that in 2015 natural gas price will be LTL 1,558 (EUR 451) per thousand cubic metres. LTL 102 (EUR 29.5) of the amount is the "security component", i.e., the LNG terminal's cost.

However, the prime minister maintains that gas price will not grow next year, despite the additional component.

It is forbidden to copy the text of this publication without a written permission from ELTA.
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)...