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Lithuania commends ruling in Gazprom case

17:11 01/08/2012

RIGA, August 1 - RAPSI. The Lithuanian Energy Ministry has commended the Stockholm Arbitration Court's decision that Gazprom cannot prohibit the government from discussing whether Lietuvos dujos management duly executes its duties in court, Energy Minister Arvidas Sekmokas told journalists on Wednesday.

The court ruled on Tuesday to satisfy most of Gazprom's claims in its lawsuit against the Lithuanian Energy Ministry for initiating proceedings against Lietuvos dujos.

Gazprom holds 37.1 percent of the shares in the company. The court found that Gazprom cannot prohibit the government from discussing in court whether Lietuvos dujos management duly executes its duties, the Lithuanian Internet portal Delfi.Lt reported, citing the Energy Ministry. Germany's E.On Ruhrgas also holds a 38.9-percent stake in the company. The Lithuanian State Property Fund owns 17.7 percent and other individuals and entities own a 6.3 percent stake.

Lietuvos dujos must split into entities based on their areas of activity by October 31, 2014.

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Lithuania commends ruling in Gazprom case

17:11 01/08/2012 The Lithuanian Energy Ministry has commended the Stockholm Arbitration Court's decision that Gazprom cannot prohibit the government from discussing whether Lietuvos dujos management duly executes its duties in court.
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