Russian shareholders appear unwilling to sell out of Latvia’s transmission grid, but their efforts to prevent a unified Baltic gas market may still be over.
A new Latvian energy law pushing market liberalisation came into effect in April. The legislation suggests shareholders including Russia’s Gazprom and Rosneft – which together control 50.1% of Latvia’s transmission system operator (TSO) Conexus Baltic Grid – must sell their stakes by the end of the year. But with just over a fortnight until the deadline, a sale looks unlikely.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up