Bloomberg News

Lithuania Issues International Tender for Shale Gas Exploration

June 27, 2012

Lithuania announced an international tender for shale gas exploration to help diversify energy resources in the Baltic country.

Shale gas could become “a realistic and economically competitive alternative to sole supplier Gazprom,” the Energy Ministry said in a statement on its website today.

Lithuania plans to issue licenses for two exploration fields and sign an agreement with the winners in the first quarter of 2013, the government said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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