Baltic States – CIS, Energy, EU – Baltic States, Gas, Latvia, Legislation

''It is completely possible that LG will have competition from neighboring countries when the gas market is opened, taking into account that Lithuania and Estonia already now are alternative gas suppliers. I also do not rule out that suppliers from our neighboring countries are already looking towards offering their service here,'' Irklis believes.

Irklis also points out that liquified natural gas is capable of competing with gas imported from Russia. For example, in Lithuania, Gazprom already is not the main gas supplier anymore.

''It is true that liquified natural gas was more expensive than the gas supplied by Gazprom last year, however, the situation is changing at the moment. According to available information, Statoil has signed a gas supply agreement with Lithunia's LitGas for a substantially lower price,'' he said.