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Once LNG terminal is constructed gas price will decline by 20-25 pct - Grybauskaite's advisor

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(Globalpost/GlobalPost)

Chief presidential advisor on economic and social policy issues Nerijus Udrenas says that once Lithuania constructs liquefied natural gas terminal (LNG) gas price may go down by a quarter or one fifth.

In an interview on the radio Ziniu Radijas, Tuesday, Udrenas noted that there was a lack of transparency in the gas market in our region. This allegedly was shown by the European Commission study on possible abuse of dominant position. Udrenas said that alternative was necessary in order to reduce gas price.

"Liquefied natural gas terminal is definitely the most realistic option to reduce natural gas price, at least by 20 percent -25 percent," said Udrenas.

http://www.globalpost.com/dispatch/news/asianet/130410/once-lng-terminal-constructed-gas-price-will-decline-20-25-pct-grybausk