STOCKHOLM ARBITRATION DISMISSED GAZPROM’S CLAIMS FOR LITHUANIA CONCERNING THE CASE OF “LIETUVOS DUJOS”
Stockholm Arbitration made a decision according the Gazprom’s claim against the Republic of Lithuania. The final decision of arbitral tribunal has confirmed the right for Lithuanian Government to initiate an investigation concerning “Lietuvos dujos” activities in the Vilnius District Court. Also, arbitral tribunal dismissed all of Gazprom’s claims for damages.
Arbitration acknowledged that Gazprom can by no means prohibit Lithuanian Government to question the eligibility of "Lietuvos dujos’ “management bodies. However arbitration stated that the issue of high gas price for Lithuania cannot be resolved during same court procedures – this question should be separately submitted to Stockholm arbitration.
According to the Minister of Energy of the Republic of Lithuania Arvydas Sekmokas, this positive decision once again demonstrates that the issues of "Lietuvos dujos” governance and those of the 3rd EU Energy Package implementation in the gas sector should not be resolved by arbitration, but by negotiations. The Government of Lithuania is certainly ready to continue the intensive dialogue with Gazprom. This dialogue, in which European Commission is also actively participating, is ongoing from February 2012.