Russian state-owned gas companies seek to reassert their dominance of the Lithuanian market through non-transparent means

Since losing market share dominance over Lithuania’s natural gas market in 2019, Russian state-owned natural gas company Gazprom has sought to strengthen its activities through loyal intermediaries involved in gas trading schemes via companies registered in Lithuania and abroad. Novatek, one such Russian intermediary part owned by Gazprom and by Gennady Tymchenko, a Russian oligarch under U.S. sanctions, has made use of favorable prices from Gazprom to increase its turnover at the terminal in Klapeida, Lithuania, as part of a larger scheme to restore Russian natural gas’ previously dominant position.

About This Incident

Threat Actors: Russia

Incident Metadata

Date: 2019-2020
Country: Lithuania
Source: Source Source 2