2013-10-09 12:04

President Dalia Grybauskaitė: Chevron's withdrawal delays Lithuania's energy independence

US energy company Chevron's decision to withdraw its bid to explore for shale gas in Lithuania will, in part, set back the country's prospects for energy independence, President Dalia Grybauskaitė says.
Dalia Grybauskaitė
Dalia Grybauskaitė / Irmanto Gelūno / BNS nuotr.

"We should be concerned that our latest moves have very significantly changed the legal environment for the potential investor and it is pulling out. To sum up, there are strategic projects that are vital for Lithuania's energy independence aspirations and, unfortunately, one of them has run into difficulty," she told reporters on Wednesday.

"This is a really bad fact. There will be a certain pause because of that. Our subsoil natural resources will not disappear, but, in a sense, our energy independence is in part becoming more distant," she said.

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