aA
A liberalised gas market will soon be operating in all three Baltic states which, along with the LNG terminal in Klaipeda, will reduce prices, increase competition and improve security of supply, said Lithuanian Energy Minister Rokas Masiulis.
Rokas Masiulis
Rokas Masiulis
© DELFI / Karolina Pansevič

“The LNG terminal is the success story of the European Union. The security of supply in the region is ensured and it obviously brings increased competition and a reduced gas price. Soon, a liberalised gas market will be operational in all three Baltic countries,” he said when he visited the Klaipeda LNG terminal together with the European Commission Vice-President on energy, Maroš Šefčovič.

“The benefits created by the Klaipėda LNG terminal for the region will increase, because after all the legal barriers are gone, the Baltic market participants will be able to independently choose their gas suppliers,” said Masiulis.

The minister also discussed measures with Šefčovič to reduce the cost of the use of the terminal with the EC Vice-President, including EU support for Lithuania to buy the LNG terminal from its operator.

LRT

|Populiariausi straipsniai ir video

Belarus: fish kill in River Nemunas near Grodno triggered by natural and climatic causes

The die-off of fish and other aquatic organisms in the River Nemunas near Grodno in Belarus was...

Lithuania hands over to Russia regarding serious environmental violations in Baltic Sea

On 3 July, the Ministry of Foreign Affairs of Lithuania handed over a verbal note to the Embassy of...

LGBT community calls on president to show solidarity and wear rainbow badge (2)

Representatives of Lithuania’s lesbian, gay, bisexual and transgender ( LGBT ) community and their...

First ladies discuss challenges brought by COVID-19 pandemic

Lithuania’s First Lady Diana Nausediene and Elke Budenbender, spouse of Germany’s president,...

President congratulated Belarus on Independence Day

President Gitanas Nausėda extended congratulations to President Alexander Lukashenko of Belarus on...

Top news

Twelve suspects and convicts brought by military plane from UK

Twelve suspects and convicts whose extradition had to be postponed due to the coronavirus pandemic...

Lithuania hands over to Russia regarding serious environmental violations in Baltic Sea

On 3 July, the Ministry of Foreign Affairs of Lithuania handed over a verbal note to the Embassy of...

LGBT community calls on president to show solidarity and wear rainbow badge (2)

Representatives of Lithuania’s lesbian, gay, bisexual and transgender ( LGBT ) community and their...

3 new coronavirus cases

On Thursday, 3 new coronavirus cases were recorded in Lithuania. Overall, 1828 COVID-19 cases have...

First ladies discuss challenges brought by COVID-19 pandemic

Lithuania’s First Lady Diana Nausediene and Elke Budenbender, spouse of Germany’s president,...

|Maža didelių žinių kaina