Why is the deal between Russia’s Gazprom and Lithuania’s Amber Grid important?

Gas
DELFI / Kiril Čachovskij

Former Energy Minister Arvydas Sekmokas evaluated the agreement with Russia positively.

Mr. Sekmokas said that “One thing is that we see transparency for the first time, that is, how much will be paid for gas transmission. Secondly, it is a commercial contract and it removes the political side of the issue. And finally, Lithuania can have an equal position when asking Gazprom for the provision of transmission services from other sources.”

Vytautas Ruolia, Amber Grid’s commercial director, told Žinių Radijas that “it is important for us because the capacities and revenues for transmission services are guaranteed for 10 years. The assurance that the gas transmission infrastructure will be used is quite important. For the Russian side it is important to be certain that such services will be provided and the capacity will be ensured.”

Ruolia says that the agreement will in no way affect gas prices for Lithuanian consumers.

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