Gazprom's sale of stakes in Lithuanian gas companies won't affect gas price - Lithuanian PM

Gazprom's decision to sell its stakes in the Lithuanian gas companies Amber Grid and Lietuvos dujos is beneficial to Lithuania and will not affect the gas price in the future, Lithuanian Prime Minister Algirdas Butkevicius said.

Gazprom's decision to sell its stakes in the Lithuanian gas companies Amber Grid and Lietuvos dujos is beneficial to Lithuania and will not affect the gas price in the future, Lithuanian Prime Minister Algirdas Butkevicius said.

"Amber Grid is a strategic company, and therefore, when we have the company's shares in our hands, it would be easier for us to comply with the EU Third Energy Package requirements. As for the Lietuvos dujos shares, I can assure you that this would not have any effect on the gas price, as the contract stipulating the current prices will remain in effect until the end of 2015," Butkevicius told BNS.

"We hope that a new contract would not worsen the gas purchase terms and conditions starting 2016. This will depend on further negotiations with Gazprom," he said.

"Both companies are profitable, and their operations are stable, which may be appealing to investors," he said.

Read more: Russia and Ukraine achieve initial success in gas talks

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies