Chevron Is Only Bidder for Lithuania Shale-Gas Rights, BNS Says
Chevron Exploration and Production Lietuva, a Lithuanian subsidiary of Chevron Corp. (CVX), submitted the only bid in a tender for shale-gas exploration rights in the Baltic nation, Baltic News Service reported.
If the bid is accepted, the company would need to invest at least 80 million litai ($31 million) in exploration of the Silute-Taurage field in western Lithuania, the newswire said, citing the head of the geological service, Juozas Mockevicius.
To contact the reporter on this story: Bryan Bradley in Vilnius at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com