International Internet Magazine. Baltic States news & analytics
Saturday, 01.10.2016, 13:24
Experts expect that the third natural gas supplier will help create a better competitive environment in Lithuania, which has until now imported gas from two sources, reports LETA/BNS.
Keyword tags: Energy Market, EU – Baltic States, Gas, Gas Market , Lithuania, Market Review, Markets and Companies
- Lietuvos Duju Tiekimas (Lithuanian Gas Supply, or LDT), a company operated by the state-owned energy group Lietuvos Energija (Lithuanian Energy), will next year buy some of the gas from Koch Industries, one of the US biggest corporations selling raw materials, energy, fertilizers, electronic components, etc. LDT executives did not rule out arrival of gas from the US, writes LETA/BNS.
Amber Grid will this week ask the EU Innovation Network Executive Agency (INEA) to extend Gas Interconnector Poland-Lithuania (GIPL) financing agreements after Poland and, later, Lithuania pushed back the expected completion date for the joint pipeline project by two years and a half, writes LETA/BNS.
Lithuania's government decided on Monday to postpone the completion date of the Gas Interconnector Poland-Lithuania (GIPL) gas pipeline until the end of 2021. Energy Minister Rokas Masiulis has told that, with Poland revising the route of the pipeline, the project will be delayed but become cheaper. In his words, the Lithuanian compensation to Poland should be reduced to the extent the Polish costs decline, reports LETA/BNS.
After Poland postponed the end of implementation of the Gas Interconnector Poland-Lithuania (GIPL) gas pipeline by 2.5 years, Lithuania's gas transmission company Amber Grid will have to terminate the tenders of pipeline acquisition and gas pipeline construction before calling new ones, reports LETA.
In August 4.35 mln cubic meters of natural gas was imported into Estonia from Lithuania, which made up 25 % of total gas imports, writes LETA/BNS.
Gazprom, which lost most of the Lithuanian market this year, will not hold a second auction of gas sales to the Baltic states, but Lithuania's energy minister and market players say this will not cause any problems to the country, which will continue buying gas from Norway's Statoil and other suppliers, or from the Russian gas giant under direct contracts, writes LETA/BNS.