Russia and Lithuania complete negotiations on gas transit to Kaliningrad region

​Amber Grid (Lithuania) and Gazprom complete the negotiations on gas transit via Lithuania to the Kaliningrad region from 2016.

The CEO of Amber Grid, S. Bilis, hasn’t announced the date of signing the contract, however, by the unofficial data, the document will be signed until mid December. In 2014 Gazprom insisted on signing the intergovernmental agreement with Lithuania but the latter rejected such an idea.

By the existing contract, gas transit is a regulated type of activity and Gazprom is to pay for the transit. Amber Grid was not satisfied with the distribution of expenditure, so the European Agency for Cooperation of Energy Regulation Bodies (ACER) considered the calculation and stated that the offsets of the main gas pipeline should not be included in transit.

The special committee corrected the price making: from 2016 the upper limits of the tariffs for gas pumping slightly grow, it is mainly explained by the reduction of gas consumption.

Business circles in Lithuania said that Russia pays only 13-15 mln euro a year for gas transit via Lithuania – about 5% of the value of the entire gas transit which reached about 300 mln euro.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer