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
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