Energy, EU – Baltic States, Gas, Legislation, Lithuania

"Actually, the prices would only go down as a result of talks, but it is clear that it is more important to build power links or alternatives, like an LNG terminal. Monopoly companies, particularly in the gas sector, who have their gas networks, want to be tied to oil resources, oil pricing," Udrenas told the Ziniu Radijas Thursday morning, when commenting the possible effect of the new Natural Gas Law on gas prices, reports LETA/ELTA.

According to the presidential adviser, the United States and other countries having more liquefied gas did not link oil and gas anymore. European countries pay less by one and a half time for imported liquefied gas than the countries that are dependent on a gas pipeline, he said.

As reported, the Seimas last week approved a law to separate the country's gas transportation and supply assets aimed at creating a competitive and reliable natural gas market.