Lietuvos Energija, operator of the largest natural gas powered electricity generating station in Elektrėnai, announced that it offered Gazprom two ways to reduce the costs that it pays for natural gas. The company is offering Gazprom to swap natural gas: to pay for gas that is supplied to Lithuania with gas that Gazprom pumps to Western Europe which Lithuania can
obtain at ‘more favorable conditions’.
Another way is for Gazprom to sell natural gas to Lithuania on the ‘same conditions as it sells it to Western European markets’.
‘We are hoping that the position of Gazprom will be clear in March, 2012′, says the announcement by Lietuvos Energija.