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Lithuania Says New Gazprom Offer Worth Studying Amid Court Fight

OAO Gazprom is offering new terms on gas supplies that are “worth considering,” Lithuanian President Dalia Grybauskaite said, suggesting talks with the Russian export monopoly on pricing have resumed.

Lithuania expects to get a written proposal from Gazprom specifying pricing, delivery volumes and contract length, Grybauskaite said today in an e-mailed statement. The Baltic nation shouldn’t commit to a long-term agreement with Gazprom because it will eventually be able to use a terminal for liquefied natural gas that’s under construction, she said.