VILNIUS — Despite management’s claims that it’s not commercially viable, Lithuania’s national gas company Lietuvos Dujos announced that it is preparing to sign an agreement with Polish companies to build a gas pipeline connecting the two countries.
Lietuvos Dujos spokeswoman Sigita Petrikonytė-Jurkūnienė told business newspaper Verslo Žinios that [private_supervisor]the project was moving ahead and that the European Commission is planned to be approached to fund its research, and Jan Chadam, president of Poland’s Gaz-System confirmed the same information to the Rzeczpospolita newspaper this week.
Although the country is majority private-owned, with 38.9 percent owned by German company E.ON Ruhrgas International, 37.1 percent owned by Gazprom, Russia’s national gas company and only 17.7 percent owned by the Lithuanian government, special regulations allow the government to exert considerable control over the company’s actions.
So, while Lietuvos Dujos Director Viktoras Valentukevičius called the Polish-Lithuanian pipeline not commercially viable and that a pipeline with Latvia would be better earlier this month in an interview with the Alfa.lt news portal, President Dalia Grybauskaitė’s decision to sign an agreement with Poland to integrate gas and electricity networks takes precedence.
The more than 300 km pipeline, estimated to cost €170-€265 million will likely be partially paid for with European Union funding, as Brussels is supportive of Lithuania diversifying its gas imports. [/private_supervisor] [private_subscription 1 month]the project was moving ahead and that the European Commission is planned to be approached to fund its research, and Jan Chadam, president of Poland’s Gaz-System confirmed the same information to the Rzeczpospolita newspaper this week.
Although the country is majority private-owned, with 38.9 percent owned by German company E.ON Ruhrgas International, 37.1 percent owned by Gazprom, Russia’s national gas company and only 17.7 percent owned by the Lithuanian government, special regulations allow the government to exert considerable control over the company’s actions.
So, while Lietuvos Dujos Director Viktoras Valentukevičius called the Polish-Lithuanian pipeline not commercially viable and that a pipeline with Latvia would be better earlier this month in an interview with the Alfa.lt news portal, President Dalia Grybauskaitė’s decision to sign an agreement with Poland to integrate gas and electricity networks takes precedence.
The more than 300 km pipeline, estimated to cost €170-€265 million will likely be partially paid for with European Union funding, as Brussels is supportive of Lithuania diversifying its gas imports. [/private_subscription 1 month] [private_subscription 4 months]the project was moving ahead and that the European Commission is planned to be approached to fund its research, and Jan Chadam, president of Poland’s Gaz-System confirmed the same information to the Rzeczpospolita newspaper this week.
Although the country is majority private-owned, with 38.9 percent owned by German company E.ON Ruhrgas International, 37.1 percent owned by Gazprom, Russia’s national gas company and only 17.7 percent owned by the Lithuanian government, special regulations allow the government to exert considerable control over the company’s actions.
So, while Lietuvos Dujos Director Viktoras Valentukevičius called the Polish-Lithuanian pipeline not commercially viable and that a pipeline with Latvia would be better earlier this month in an interview with the Alfa.lt news portal, President Dalia Grybauskaitė’s decision to sign an agreement with Poland to integrate gas and electricity networks takes precedence.
The more than 300 km pipeline, estimated to cost €170-€265 million will likely be partially paid for with European Union funding, as Brussels is supportive of Lithuania diversifying its gas imports. [/private_subscription 4 months] [private_subscription 1 year]the project was moving ahead and that the European Commission is planned to be approached to fund its research, and Jan Chadam, president of Poland’s Gaz-System confirmed the same information to the Rzeczpospolita newspaper this week.
Although the country is majority private-owned, with 38.9 percent owned by German company E.ON Ruhrgas International, 37.1 percent owned by Gazprom, Russia’s national gas company and only 17.7 percent owned by the Lithuanian government, special regulations allow the government to exert considerable control over the company’s actions.
So, while Lietuvos Dujos Director Viktoras Valentukevičius called the Polish-Lithuanian pipeline not commercially viable and that a pipeline with Latvia would be better earlier this month in an interview with the Alfa.lt news portal, President Dalia Grybauskaitė’s decision to sign an agreement with Poland to integrate gas and electricity networks takes precedence.
The more than 300 km pipeline, estimated to cost €170-€265 million will likely be partially paid for with European Union funding, as Brussels is supportive of Lithuania diversifying its gas imports. [/private_subscription 1 year]
— This is a paid article. To subscribe or extend your subscription, click here.
