Lithuania's Environment Minister Kęstutis Trečiokas says the country should not speed up the international shale gas exploration tender.
Kęstutis Trečiokas
© DELFI / Tomas Vinickas

"We will neither delay nor rush this issue. We first must learn the opinion of the prime minister and other politicians," said the minister after a meeting with Seimas Speaker Loreta Graužinienė on Tuesday.

In his opinion, the shale gas question is not particularly topical due to the changes in the geopolitical situation as oil prices are low at the moment.

"There is no problem about it: technically, we can announce the tender very quickly, but if no one responds then we will only make fools of ourselves. We must find the right moment when interest in these issues is at its highest," the minister said.

In the view of Minister Trečiokas, energy experts should have their say, too. "We already have a storage vessel, gas, bioenergy and biofuel projects. Everything must be done in harmony," he said.

The US company Chevron withdrew from shale gas exploration in October 2013, citing changes in taxation, legal and regulatory environment.

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

Lithuania to purchase LNG terminal's vessel amid cost cutting efforts

The Lithuanian government approved on Wednesday the legislation, opening doors for the buyout of the...

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...