EurActiv: Lithuania looks for alternatives to counter Russia's high gas price
Lithuanian Energy Minister Jaroslaw Neverovič has warned his Russian counterparts that selling gas to the Baltic country at an excessive price is not sustainable, the minister told EurActiv.
Neverovič, a diplomat and banker before taking his ministerial post, said the country paid $500 per thousand cubic metres (tcm) of Russian gas, while Germany paid only $400.
The price Lithuania pays to Gazprom was “one of the highest, if not the highest in the EU,” he said.
Liquefied natural gas is available at lower prices and the planned Lithuanian LNG terminal, to be up and running by the end of 2014, was a “game changer” for the country’s relations with Russian gas exporter Gazprom, Neverovič said. MORE