The Baltic Times

Gazprom demands $140 million from Lithuania

  • 2010-03-08
  • TBT Staff

VILNIUS - Russian state-owned energy giant Gazprom has sent a letter to the Lithuanian government demanding $140 million in payouts for a unprofitable power plant.

The gas company bought the power plant - which is located near the Lithuanian city of kaunas - in 2003 for 116 million litas.

A clause in the agreement stipulated that there would be a set margin on energy prices until 2018.

 

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