July 31 (Bloomberg) -- The Stockholm arbitration court turned down Gazprom OAO’s complaint over Lithuania’s plan to oust managers representing the Russian gas-export monopoly at the Lietuvos Dujos AB gas utility.
The court decided that Gazprom can’t prevent the government from seeking a judicial ruling over the performance of the Lietuvos Dujos management, the Energy Ministry in Vilnius, Lithuania’s capital, said in an e-mailed statement today.
The government sought to oust Lietuvos Dujos’s management, alleging it ignored the interests of Lithuania and didn’t negotiate a fair gas price for Russian supplies. Gazprom holds 37 percent in the company.
Lithuania is splitting ownership of the gas sales and transmission activities of Lietuvos Dujos as part of a European Union drive to force dominant energy companies to improve access for competitors.
To contact the reporter on this story: Milda Seputyte in Vilnius at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com