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RUSSIA: GAZPROM EXPANDS TO LITHUANIA.
IPR Strategic Business Information Database, December, 2001
Lithuania's fledgling natural gas importer Dujotekana announced that Gazprom would soon become its majority shareholder, Reuters reported. "There is an agreement that, after all the formalities are over, Gazprom will have a controlling stake [in Dujotekana] with the remaining shares to be owned by Lithuanian investors," said Dujotekana spokesman Ricardas Jarmalavicius.
"The exact size of their holdings will be announced after the formalities are over," he added. Dujotekana will become the country's largest gas importer next year, having signed an 11-year gas supply agreement with Gazprom to import at least 1.5 billion cubic meters of natural gas annually beginning in 2002. That will make up around half of Lithuania's planned gas imports next year. (TSK)...
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