Lietuvos Dujos - Notification on material event

NCECP Confirmed Prices to Private Consumers for Connecting to Gas Pipelines in 2016

Vilnius, Lithuania, 2015-11-19 10:30 CET (GLOBE NEWSWIRE) -- On 19 November
2015, the National Commission for Energy Control and Prices (NCECP)
(hereinafter referred to as the “Commission”) set the prices for connecting to
the natural gas systems by private clients. Next year, residents wishing to
have natural gas connection installed and natural gas supplied to their
dwellings or other premises will have to pay 20 % less for every meter of the
pipeline laid, i.e. EUR 14.18 instead of EUR 17.65 (including VAT). The price
for connecting to gas pipelines whatever the distance will fall by 4 %, i.e.
will be EUR 242.96 (including VAT). These rates will apply from 1 January 2016. 

The rate for connecting to gas pipelines is calculated to every business or
public sector client individually in accordance with the Methodology for Fixing
Prices for Connection approved by the Commission. 

“Lower prices for gas installation will considerably increase the accessibility
of natural gas for consumers. For this reason, we hope that the number of
clients will grow, and, as a result this will enable to reduce gas distribution
price. To distribute more natural gas, we have to attract more clients, so
cutting of gas installation prices is in a way  the reduction of barriers which
are faced when connecting to the gas network,” Liudas Liutkevičius, the
Chairman of the Board and the CEO of Lietuvos Dujos, said. 

Following the reorganisation of the public limited liability company Lietuvos
Dujos and the Commission's issuance of the licence for gas distribution in
accordance with the procedure established by law, the prices for connecting to
gas pipelines for household consumers in 2016 approved by the Commission will
apply to the assignee of the rights and duties of Lietuvos Dujos. 


         Head of communications Laura Šebekienė, tel. +370 633 99940