Lithuanian court upholds $38-MM antitrust fine on Gazprom
VILNIUS (Reuters) -- Lithuania's supreme administrative court said on Thursday it had upheld a $38 million antitrust fine on Russian gas giant Gazprom for restricting competition in the Baltic state.
The country's competition authority slapped the fine on Gazprom in June 2014 for refusing to negotiate a virtual gas swap deal with Lithuania's state-owned energy group Lietuvos Energija, which had sought to buy cheaper gas in Western Europe.
Gazprom was not immediately available to comment.
The Russian supplier lost gas supply monopoly in Lithuania at the end of 2014 after Lithuania started importing liquefied natural gas (LNG) from Norway, which became the main supplier in 2016.
Gazprom, which used its right to postpone payment of the fine in 2014, will have to pay the fine plus 4.8 million euros interest within three months of the court's announcement, Lithuania's Competition Council spokeswoman told Reuters.
Reporting by Andrius Sytas; Additional reporting by Vladimir Soldatkin in Moscow
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
- Digital Exclusive: The future of gas turbines in the green revolution
Comments