Lithuania says it won't be bullied by Gazprom

Published: 23 July 2002 y., Tuesday
Lithuania will not bow to pressure from Gazprom, the sole pretender for 34 percent of gas utility Lietuvos Dujos, and could delay the sale if the gas giant offers too little for the stake, the government said. Gazprom and a Lithuanian partner, gas distributor Dujotekana, submitted the only application to bid in a tender for the Dujos stake. Local media reports cited officials of the Russian firm saying they would offer significantly less than the price a German consortium agreed to pay in May for an equal stake in the utility. Ruhrgas and E.ON Energie paid 116 million litas ($33.78 million) for their 34 percent stake in Dujos, placed another 34 million litas in an escrow account that the government could draw after meeting certain conditions and pledged to invest 70 million litas in a new issue of Dujos shares. "With the Western strategic investor on board there is already a certain stability and we are no longer alone negotiating with Gazprom, so now it's easier to resist the psychological pressure we have long felt regarding this privatization and still feel," Economy Minister Petras Cesna told a news conference. But he noted that official talks had not yet started with Gazprom, which he hoped could help ensure stable gas supplies and prices as well as "more political reliability," given that the Russian government has not yet signed a long-term gas-supply treaty with Lithuania. Dujotekana has said it was aiming to acquire 9 percent of the gas utility while its Russian partner would buy 25 percent, as required by tender conditions.
Šaltinis:
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The U.S. has made a decision to transport shipments via Lithuania

President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport. more »

Budgets Committee backs EU Solidarity Fund aid for France and Portugal

EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday. more »

European Investment Bank to provide technical support for sustainable and climate resilient water projects in Samoa

The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme. more »

Single Market Forum: A Europe for businesses and consumers after 2012?

Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties. more »

Blueprint for energy security

Strategy to secure a sustainable EU energy supply and support economic growth over the next decade. more »

EU Globalisation Adjustment Fund: Parliament backs aid for Irish workers

EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday. more »

Afghans hope saffron will oust Opium

Saffron farmers in western Afghanistan hope to oust opium as a harvest crop. more »

€114,250 form EU Globalisation Fund to help 189 former workers in Polish shipbuilding sector

The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF). more »

Vision for European industry

New plans for EU industry to create jobs while keeping manufacturing in Europe. more »

€ 3.5m from European Globalisation Fund to help workers in Spanish textile and construction sectors

The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF). more »