Western sanctions boost Russia’s business ties with China — Putin
Russia turns down Japan’s protest over Russian minister’s trip to disputed islands
Radical Party MPs trying to get inside Ukrainian president’s administration
Russian security chief says hotbeds of tension emerge near Russia's border — official
Crimean leader promises no censorship on new Crimean Tatar TV channel
Radical Party MPs trying to get inside Ukrainian president’s administrationWorld September 02, 4:15
Putin to make two-day visit to ChinaRussia September 02, 3:58
Ukraine chief prosecutor suspects organizers of Rada’s clashes of creating criminal groupWorld September 01, 21:58
KHL president denies resignation plansSports September 01, 21:52
'Silence regime' in Donbas should be preserved — Russian Foreign MinistryWorld September 01, 21:49
OSCE drone crashes in Donbas after losing contact with SMM — reportWorld September 01, 20:55
Four candidates for Belarus President to participate in forthcoming electionsWorld September 01, 20:52
Russian lawmaker says Ukraine’s draft military doctrine is ‘challenge of aggression’World September 01, 20:41
Ukrainian President Poroshenko unable to establish peace in Ukraine — ex PM AzarovWorld September 01, 20:05
VILNIUS, May 29. /ITAR-TASS/. Lithuania’s Lietuvos Dujos has agreed with Gazprom on a lower gas price, the Lithuanian energy company said on Thursday.
The price of Russian natural gas for the Baltic States averaged $425.9 per 1,000 cubic meters in the first quarter of 2014.
Lithuania has repeatedly demanded a review of Russian gas prices. Gazprom has a 37.1% stake in Lietuvos Dujos.
Lithuanian Prime Minister Algirdas Butkevicius said on Thursday the price of natural gas for Lithuanian consumers would fall by 20%.
“We have managed to fulfill the task that we have set and achieve a competitive price for gas supplies,” Butkevicius said.
The new maximum tariff is 2.28 litas (€0.66) per cubic meter and the minimum is 1.42 litas (€0.41).
The new rates reflect an agreement reached between Lietuvos Dujos and Gazprom. Lithuania, which depends on Russian natural gas supplies, had insisted on a “fair price,” saying it was paying about $500 per 1,000 cubic meters, almost the highest gas price in Europe.
The local media reported that Lithuania’s new purchase price will be $370 per 1,000 cu m.
Lietuvo Dujos is the importer of Russian natural gas into the republic. The company is also Lithuania’s largest gas distributor. In 2013, Russia exported 2.7 billion cu m of natural gas to Lithuania.