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LT Daily, media brief

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway's Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%.

Lithuania's gas company Litgas has concluded negotiations with Norway's Statoil to review it's five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania's LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says.

LT Daily

Prime Minister Algirdas Butkevičius expects that Norway's gas company Statoil will lower the price Lithuania is paying for liquefied natural gas (LNG). After Litgas, Lithuania's state-owned gas company, concludes negotiations with Statoil, consumers can expect price drops, he said on Monday.

Lithuania's state controlled energy company group Lietuvos Energija decided to merge its two natural gas supply daughter companies: Lietuvos Dujų Tiekimas and LITGAS. Such move will create one powerful gas supply company in Lithuania which will seek to expand its activities in the Baltic region, Lie...

Lithuania's natural gas supply and trading company Litgas plans to enter a new field of activity - small-scale liquefied natural gas (LNG) supply and bunkering. Currently, Litgas together with Statoil are analysing cooperation opportunities and plan to agree on the form of cooperation within the sec...

Natural gas supply and trading company Litgas, part of Lietuvos Energija energy company group, will start supplying natural gas to Estonia from February. Litgas is the first company in Lithuania and one of the first in the Baltics which will supply natural gas to customers in other countries, the co...