"We do not think that providing guarantees to a single economic entity is the optimal solution. Therefore, we propose to consider an open access to that infrastructure. Estonia has chosen this option, for example," Diana Korsakaitė, chairwoman of the National Control Commission for Prices and Energy, told BNS.
In its comments and proposals to the Energy Ministry regarding a draft law on the LNG terminal, which the ministry has drawn up, the regulatory authority said that if the country opted for the principle of an open infrastructure, the terminal's maintenance costs could be covered by funds from its users or by incorporating these costs into the gas transmission price.
The free access option would help to ensure that the country's natural gas system is transparent, non-discriminatory and providing incentives to continuously look for the cheapest gas supply alternatives. It would allow consumers to choose the cheapest natural gas purchase option, and the terminal could operate at its minimum capacity when prices are unfavorable, the commission said.
The state-run oil product terminal Klaipėdos Nafta (Klaipėda Oil), which is carrying out the project, this year plans to launch a tender for the supply of gas to the LNG terminal, with a gas supply contract expected to be signed in the second half of this year. The terminal with annual capacity of 2 billion to 3 billion cubic meters is planned to be put into operation in late 2014.
2012-04-25 10:39
Price regulator calls for access to Lithuania's LNG terminal for all gas importers
Lithuania's price regulator proposes that authorities should consider giving access to the country's planned liquefied natural gas (LNG) terminal to all companies looking to import gas by sea, saying that this would help ensure a lower burden on consumers.
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