Unbundling Plan Delayed

By The Moscow Times

March 25, 2012

Shareholders including Gazprom asked for more time to consider plans at Lithuanian gas utility Lietuvos Dujos to split up ownership of gas supply and transportation assets.

The state energy regulator agreed Monday to extend the deadline for shareholders to present a plan on separating the ownership of gas supply and transportation to end-May from the end of March.

Shareholders did not vote on unbundling options at an extraordinary meeting Friday as was planned. Lietuvos Dujos did not provide a new date to vote on unbundling. It will hold an annual shareholders meeting on April 23.

(Reuters)

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