Russia’s Gazprom to consider Lithuania buy offer

June 4, 2014

Russian gas holding Gazprom has received the Lithuanian government’s proposal for the purchase of Gazprom’s share in Amber Grid and Lietuvos Dujos companies and is considering the offer, Gazprom’s Deputy Chairman of the Board Alexander Medvedev told a news conference, ITAR-TASS reported on June 3.

Gas transportation and sales company Lietuvos Dujos is shared by E.ON Ruhrgas (38.9%), Gazprom (37.1%) and the Lithuanian government (17.7%).

Having no alternative to Russian gas, Lithuania insisted in June 2013 Lietuvos Dujos be divided by types of operations into a trade division and Amber Grid specializing in transportation, the demand in accordance with the EU Third Energy Package that excludes Gazprom’s participation in gas distribution in the EU. Three years later, Gazprom announced it was ready to sell its stake.

Copyright: ITAR-TASS, 2014