Lietuvos Dujos - Notification on material event

Adjusted natural gas distribution price cap

Vilnius, Lithuania, 2014-10-30 12:33 CET (GLOBE NEWSWIRE) -- Today, on 30
October 2014, the National Control Commission for Prices and Energy
(hereinafter - the NCCPE) set an adjusted natural gas distribution price cap of
AB Lietuvos Dujos for 2015, which is LTL 25.80/ MWh or EUR 7.47/ MWh. 

Compared with 2014, the distribution price cap increased by 16.7 percent in
2015. The main reason for the increase thereof is natural gas volumes, which
are projected to be 17 percent lower in 2015. A more significant increase in
price cap was reduced due to lower technologic costs incurred in 2013 and 2014
as a result of a reduced natural gas import price and lower costs after the
change of the method of the unbundling of distribution activity. 

Given the set price cap, the Board of Directors of AB Lietuvos Dujos will in
the nearest future make a decision on specific natural gas distribution prices
to take effect from 1 January 2015. Specific prices will be presented for the
NCCPE's approval. 



Authorized person:

Head of Planning Division

Nemunas Biknius

Tel. (8 5) 236 02 41