Lithuania has thrown down the gauntlet to Gazprom – and thus to a great extent to Russia. The Lithuanian government has decided to implement the EU’s so-called third energy package by ‘unbundling,’ or separating the distribution of electricity and gas from production. The unbundling would mean the partial breakup of the country’s main gas company Lietuvos dujos. Gazprom owns 37.1 percent of the company’s shares, Germany’s E.ON Ruhrgas has another 38.9 percent, while the state’s share is 17.7 percent. The government believes that unbundling ...
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