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Policy & Regulation

Lithuania puts brave face on Gazprom judgment

Lithuania may have ultimately lost its arbitration case against Gazprom, but the country’s politicians argue they have already won in their effort to break the Russian exporter’s monopoly Lithuania may have ultimately lost its arbitration case against Gazprom, but the country’s politicians argue they have already won in their effort to break the Russian exporter’s monopoly.
By Joshua Posaner 27 June 2016 Europe & Russia / Policy & Regulation 0 20812
The Independence FSRU offers competition to Russian gas supplies in the Baltic states. (Robertas Dackus)

Lithuania may not have secured the compensation it sought from Gazprom in the arbitration case that concluded last week, but the largest Baltic gas consumer claimed victory nonetheless.

In a judgement delivered on 22 June, the Stockholm Arbitration Court ruled Gazprom had a conflict of interest in acting as both supplier and shareholder in the importing company Lietuvos Dujos, the Lithuanian Energy Ministry reported, but the court did not agree that compensation was due dating back to 2006.

For its part, Gazprom also claimed success and said...