Kubilius sees Butkevicius claims as disruption of energy projects

Oct 31, 2012

VILNIUS - Prime Minister Andrius Kubilius says that reckless claims made by Leader of Lithuanian Social Democratic Party Algirdas Butkevicius may be seen as major disruption of energy projects.

"Butkevicius's reasoning that the obligation for the suppliers to buy 25 percent of gas from the future liquefied natural gas terminal (LNG) may be lifted seems like a disruption of the LNG. The politician who aspires to lead the new Government should realize that the refusal of 25 percent rule means that the LNG will not be able to operate because market participants chained by long-term contracts will be forced to buy gas only from Gazprom, "says Kubilius.

The PM is also skeptical about Butkevicius’s approach to the LNG construction funding.

"The same is true for Butkevicius's idea that it is possible to revoke the terminal cost in the gas tariff. It is just one percent of the price paid by consumers and it will pay off to consumer in a very short time," says PM.

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