The Norwegian government does not intend to influence decisions by the state-controlled energy group Statoil on the price of liquefied natural gas (LNG) sold to Lithuania even if Russia's Gazprom further cut its gas price to make imports through the Klaipėda LNG terminal unprofitable, Norway's minister for EU affairs said on Monday.
Vidar Helgesen
© DELFI / Šarūnas Mažeika

Vidar Helgesen said that Lithuania may expect gas prices to go down now that it has two gas suppliers.

"For a very long time, we have made it clear that (...) commercial decisions are taken by Statoil, its leadership, and, therefore, we don't interfere with pricing mechanisms or decisions," the minister told reporters in Klaipėda where he is attending a welcoming ceremony for the Independence, the floating storage and regasification unit (FSRU) built for Lithuania's LNG terminal.

"The fact that Lithuania will now get more options will result in competition. Competition is likely to result in better prices," he said.

The Norwegian government holds a 67-percent stake in Statoil.

BNS
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)...