Energy, Gas, Investments, Legislation, Lithuania, USA

International Internet Magazine. Baltic States news & analytics Wednesday, 08.05.2024, 19:06

Lithuanian PM: shale gas exploration tender interests US companies

BC, Vilnius, 13.01.2015.Print version
A possibility to explore and extract shale gas interests several United States energy companies, claims Lithuanian Prime Minister Algirdas Butkevicius, cites LETA/ELTA.

"This week I received information that after our visit to the US there is interest again in the soon to be held tender in Lithuania as well as some other matters," the head of Government told the national radio on Tuesday.

 

"Other matters", according to the prime minister, include the export of liquefied natural gas from the US. So far only talks on this question have taken place and further details have not been revealed.

 

As reported, the prime minister looked for investors during his visit to the US last October. He met with members of the association of shale gas extraction. The Seimas had decided that shale gas exploration companies will be exempt from tax for extracted raw materials for three years and afterwards will pay a fixed rate of 15%.






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