Reuters: Lithuania to pay more for Norwegian LNG than Russian gas

Lithuania will pay at least 10 percent more for liquefied natural gas (LNG) imported from Norway than for Russian pipeline gas in 2015, a state-owned LNG importer said on Thursday.

Litgas said it had asked the regulator to approve a fixed price for Norwegian LNG of 1,100 litas ($397) per 1,000 cubic meters or about $11.2 per million British thermal unit (mmBtu).

That compares with $8.7 per mmBtu for winter gas prices in the UK and $13.3 per mmBtu for Asian LNG LNG-AS delivery for December.

On Wednesday, Energy Minister Rokas Masiulis said Lithuania was expected to pay around 1,000 litas per 1,000 cubic metres for Russian gas in 2015.
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