Gazprom's Gas Prices For Lithuania Political - President

Gazproms Gas Prices For Lithuania Political - President
dj
Τρι, 12 Ιουλίου 2011 - 18:36
Gas prices set for Lithuania by Russian company OAO Gazprom (GAZP.RS) are political and not based on economics, the Baltic state's president said Tuesday, blaming the Kremlin.
Gas prices set for Lithuania by Russian company OAO Gazprom (GAZP.RS) are political and not based on economics, the Baltic state's president said Tuesday, blaming the Kremlin.

"Gazprom's prices have a political character, not an economic one," Grybauskaite told reporters amid a war of words between
Lithuania and Gazprom, its sole supplier.

"The difference in price for
Lithuania and on global markets has a purely political tone. That is why everything depends on politics and on the attitude of Russia 's leaders towards cooperation with Lithuania ."

The price set in Gazprom's supply deal with
Lithuania is confidential, but Grybauskaite has estimated that her country pays 30%-40% more than Germany , for example.

In January,
Lithuania asked the European Commission--the European Union's executive--to probe Gazprom for abusing its market clout.

Gazprom has denied
Lithuania 's claims.

Lithuania 's reliance on Russia for gas is a legacy of its time as a Soviet republic.

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