LNG price calculation methodology approved

Klaipėda LNG terminal
DELFI (V.Spurytės nuotr.)

According to the new version of the law for the terminal, energy producers buying gas from Litgas will pay the average market price and the difference between the purchase and selling prices will be covered by all gas consumers through the new capacity tax.

The Commission specifies that the gas price will be calculated according to the sales of gas over the past 12 months in Lithuania and to contract formulas valid at the time of calculation. The gas exchange transactions at the gas market will also be taken into account. The Price Commission can adjust the gas price every six months within 10% limits.

The Commision has to present next year‘s Litgas gas pricing by the end of this year.

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