Lithuania and Gazprom manage to agree about gas price for new supplies
Edited by Rhod Mackenzie / 2014-05-12 05:53:10
Lietuvos dujos has reported about signing of an agreement on the reduction of the price of natural gas from Russia with Gazprom.
The contract became a result of long negotiations that finished with a compromise, which suited both parties. The solution agreed provides for a change of pricing principle for the forthcoming long period.
The amount of the discount wasn’t reported. Previously, Lithuanian newspaper Verslo zinios reported about Gazprom’s readiness for 20% discount that reduce the price of 1 thousand cubic meters of gas to $370, but the company’s additional conditions didn’t suit the Lithuanian party. However, Lithuania doesn’t have other gas suppliers, but Gazrom, and the sale is provided on basis of long-term contracts.
