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Lithuania: Gazprom set to let go of Lithuanian assets

 |  February 10, 2014

Lithuania’s prime minister announced that Russian gas giant Gazprom is reportedly set to divest assets in the Baltic nation as the EU continues to hold its grip over the oil firm for pricing policies.

Reports say Lithuania PM Algirdas Butkevicius met with Russia’s PM Dmitry Medvedev and Gazprom officials to discuss the sale of Gazprom’s stake in Lithuania’s gas pipeline network Amber Grid.

The sale would be part of Gazprom’s efforts to align with EU policy; PM Butkevicius told reporters that Gazprom “agrees not to question” the EU rule.

The divestiture would knock Gazprom’s dominance in the Baltic nation as the European Commission probes the company for its alleged anticompetitive pricing strategies and market dominance in eastern Europe.

Full Content: Business News Europe

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