Gazprom and Lithuania discuss prospects for settling energy disputes

RELEASE

Vilnius hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Jaroslav Neverovic, Energy Minister of the Republic of Lithuania.

The meeting discussed cooperation issues in the energy sector, in particular, the situation on the gas market, and prospects for cooperation between the parties in settling the disputes as well as implementation of the European Union's Third Energy Package. The parties agreed to continue the consultation process.

“For Gazprom Group Lithuania remains an important market in the Baltic region. We are ready to look for solutions in disputes through cooperative efforts,” said Alexander Medvedev.

Background

Natural gas is exported to the Republic of Lithuania under long-term agreements effective through to 2015.

Some 3.2 billion cubic meters of natural gas are expected to be supplied to Lithuania in 2012.

Lietuvos Dujos deals with gas purchase, transmission and distribution in the Republic of Lithuania as well as with Russian gas transit to the Kaliningrad Region. Gazprom holds a 37 per cent stake in the company.

 

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