UPDATE COPY – GAZPROM DROPS LITHUANIAN PRICE AFTER EU MARKET ABUSE CLAIMS
May 26th, 2015
GAZPROM has agreed to drop gas prices charged to Lithuanian utility Lietuvos Dujos until the end of 2015 following European Commission charges of dominant position abuses in central and eastern European gas markets. The Russian giant is also now facing competition for cheaper liquid natural gas (LNG) supplies in Lithuania via the Klaipėda terminal on the Baltic Sea.While Gazprom continues to deny the charges, set out in an April 22 Commission ‘Statement of Objections’, and has pledged to fight the case which could land it with multi-million euro fines, the ...
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