Lithuania hits Gazprom with $1.9 billion claim

Print version
Oct. 3, 2012, 3:05 p.m. | Russia — by Associated Press

Government ministers said Wednesday the size of the claim covers what Lithuania has overpaid for natural gas since 2004.

Associated Press

Associated Press

VILNIUS, Lithuania — Lithuania's government says it will file a €1.45 billion ($1.9 billion) claim against Russia's Gazprom, alleging that the world's largest natural gas company has hiked prices unfairly.

Government ministers said Wednesday the size of the claim covers what the country has overpaid for natural gas since 2004, when Gazprom obtained a major stake in Lietuvos Dujos, the country's largest gas importer, and changed the formula for determining the gas price.

Lithuania imports all its natural gas from Russia and has become more dependent on its eastern neighbor after closing a Soviet-era nuclear power plant in 2009.

Gazprom is poised to lose influence over gas policy in the Baltic state after a law on deregulation, passed earlier this year, goes into effect in 2014.

Lithuania's claim will be submitted to a Swedish arbitration court.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2016 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.