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The Government approved the implementation plan on separation of operation and control of natural gas companies non-compliant with the Law on Natural Gas whereby AB Lietuvos Dujos must complete the separation of its operational activities (transportation, distribution and supply) by 31 October 2014.

According to the Plan, the company Lietuvos Dujos must submit a detailed action plan for the separation of operational activities and control to the National Price and Energy Control Commission by 31 March 2012.

The implementation plan on separation of operation and control of natural gas companies non-compliant with the Law on Natural Gas and the separation deadline have been agreed with the European Commission`s Directorate General for Energy and E.ON Ruhrgas International, i.e. one of the main shareholders of Lietuvos Dujos.

The Government will shortly approve the procedure for implementation of the plan on separation of operation and control of natural gas companies non-compliant with the Law on Natural Gas; the key provisions of the procedure have also been agreed with the European Commission`s Directorate General for Energy and E.ON Ruhrgas International, i.e. one of the main shareholders of Lietuvos Dujos.

OAO Gazprom, another shareholder of AB Lietuvos Dujos, has not submitted any comments regarding drafts of the approved plan on separation of operation and control of natural gas companies non-compliant with the Law on Natural Gas as well as of the procedure for implementation of separation of operation and control of natural gas companies non-compliant with the Law on Natural Gas. Gazprom did not take part in the discussions regarding the preparation of the said documents, either.

The Ministry of Energy holds further consultations with the main shareholders of AB Lietuvos Dujos concerning a detailed procedure for ownership unbundling of AB Lietuvos Dujos whereby the Republic of Lithuania has the right to acquire the control over the operator of the natural gas transmission system.

The Government has been obligated to approve such a plan by a new version of the Law on Natural Gas adopted by the Seimas last summer. The said law sets forth the procedure for the implementation of the EU Third Energy Package in Lithuania whereby, on the basis of the principle of ownership unbundling, Lietuvos Dujos is to be divided into several independent companies.

Source: lithuaniatribune.com