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Saturday, 20.12.2014, 07:49
AB Klaipedos Nafta and UAB AGA signed a three year memorandum of understanding related to the development of the infrastructure of the Liquefied Natural Gas (LNG) terminal in Lithuania, reports BC LETA/ELTA, referring to Vakaru ekspresas.
Keyword tags: Energy, Gas, Legislation, Lithuania, Oil
Most probably Eesti Gaas will remain responsible for guaranteeing the long-term gas supply in Estonia in the future despite the opportunities offered by the Klaipeda LNG terminal, writes LETA, referring to Eesti Päevaleht.
Considering the ongoing changes at the fuel market, Estonian main natural gas seller Eesti Gaas will lower the price of gas for consumers in 2015, LETA/Delfi Ärileht reports.
Lithuanian energy minister: liberal and effective regional electricity and gas market should be created11.12.2014
On Tuesday, on 9 December, Lithuanian Minister of Energy Rokas Masiulis participated at the Energy Council meeting in Brussels. The minister emphasised that closer regional cooperation would accelerate the creation of a liberal and effective regional electricity and gas market and safeguard the security of energy supply, informs BC the Ministry of Energy.
Estonia imported the first load of natural gas from Lithuanian Klaipeda LNG, via Latvia, last week, this way reducing its energy dependence on Russia, reports LETA/ELTA, referring to Reuters.
If due to a potential Russian gas embargo its alternatives in Lithuania cost by 50 or 100% mores, then in the first year of such embargo Lithuanian business would have lost LTL 1.6 billion or LTL 1.9 billion (EUR 467 million or EUR 550 million), which amounts to the country's investment in the pipeline connections with Poland and the LNG terminal, reports LETA/ELTA.
Gas supply company AB Lietuvos Duju Tiekimas may not be able to apply additional gas discount received from Gazprom because the National Commission for Energy Control and Prices (VKEKK) has not harmonised pricing for industrial consumers for 2015-2016, reports LETA/ELTA.