Discussions in the European Union on further opening up its market to American liquefied natural gas could allow consumers to expect a drop in gas prices in the long-term but it too soon to speak about any specific decisions, a Lithuanian diplomat says.
Independence FSRU
© DELFI (E.Skardžiaus nuotr.)

The Europeans have promised the Americans to look for ways to allow more American cars and LNG into the market if US President Donald Trump renounced its plans to impose duties on European steel and aluminum.

The existing situation was on Tuesday discussed by EU trade ministers in Brussels. Representing Lithuania, Deputy Minister of Foreign Affairs Albinas Zananavičius said the gas imports idea could be beneficial to Lithuania.

"We are interested in Europe having as many suppliers as possible as more suppliers means more competition and better prices," the diplomat told BNS Lithuania during a phone conversation from Brussels.

There are no details as yet on specific ways to encourage American gas imports, he said.

"There are mechanisms for negotiating long-term contract and exchanging information. If some regulatory obstacles are identified, we'll look for ways to eliminate them," Zananavičius said, adding that Lithuania is now fifth largest importer of American LNG in Europe after Spain, Portugal, Italy and the UK.

Besides increasing car and gas imports, the Europeans also proposed to the Americans to step up cooperation between regulators and also offered help in reforming the World Trade Organization.

EC officials, however, doubt the EU's proposals would convince Trump to renounce steel and aluminum duties. If they are imposed, the EU pledges to tax certain American goods.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Prime Minister wins confidence vote in parliament

Saulius Skvernelis won a confidence vote in the parliament on Tuesday, clearing the way for him...

US court dismisses ex-Lithuanian judge's extradition appeal

A US court has dismissed an extradition appeal by Neringa Venckiene , a former Lithuanian judge and...

Survey: President tops popularity rating

Lithuanian President Gitanas Nauseda tops the popularity rating in the country, according to the...

Lithuania joins group of countries condemning Beijing's treatment of Uighurs

Lithuania has joined a group of countries condemning China 's treatment of the Uighur ethnic...

Vilnius mayor: government not pulling out of stadium project

Vilnius Mayor Remigijus Simasius says Lithuanian Prime Minister Saulius Skvernelis has assured him...