×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Gazprom Seeks $135M From Lithuania

VILNIUS, Lithuania — Gazprom wants about $135 million from Lithuania to compensate for losses that it says were caused by the country changing a deal on heating prices, a statement from a plant owned by Gazprom said.

Regional power plant Kauno Termofikacine Elektrine, owned by Gazprom, said on its web site that the firm wanted the compensation for losses allegedly incurred from 2003 through 2008.

It quoted a letter sent by Gazprom to Lithuanian Prime Minister Andrius Kubilius.

"It is estimated that the Russian gas consortium … lost 342.2 million litas ($134.6 million) due to the Lithuanian government changing the methodology of setting heating prices," the web site said.

"Therefore, Gazprom has proposed to reach an amicable settlement with Lithuania … for it to pay that sum as compensation for the loss suffered."

The letter said Gazprom would seek international arbitration if necessary.

The Lithuanian government said in a statement that it was a third party and that Gazprom's compensation claim arose from a dispute between KTE and Kauno Energija — a utility company owned by the Kaunas municipality.

Kauno Energija declined to comment on Gazprom's compensation claim. But it said Feb. 17 in a statement that there had been a commercial arbitration in a dispute over an investment protection treaty and that KTE should pay it 5.4 million litas.

Russia is the only supplier of gas to the ex-Soviet Baltic republic.

Gazprom is a major shareholder in the gas companies of all three Baltic states, along with German E.On Ruhrgas.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more