Reuters (VILNIUS)-Russian gas monopoly Gazprom has signed an agreement on gas supplies to Lithuania, the Baltic state's gas utility said on 24 January. Lithuania consumed 3.6 billion cubic meters of Russian imported gas last year. "We have learned that the amendment to the long term natural gas supply contract has been signed in Moscow, but we have not received the document yet," said Lietuvos dujos representative Sigita Petrikonyte-Jurkuniene. The amendments set new prices and gas supply volumes for this year, while the long-term contract expires in 2015, she added, declining to provide further details. Latvia's gas company said that in December it had struck a gas supply deal with Gazprom 2008 through 2010, which would lead to a rise in prices of up to 50 percent. (Reliability: 8)
Analysis:
Lithuania energy prices are likely to increase significantly over the next seven years of the contract.Gazprom stated they were doubling gas prices in 2008 from 2007. (Analytic Confidence: 5)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment