Minister on heating subsidies and prices

The Minister of Energy emphasized that ensuring affordable heating for citizens is the top priority. Data from the Energy Agency indicates that Lithuania recorded the lowest heating prices in the Baltic region this year. The minister is currently awaiting further predictions on heating costs from the national energy regulator.

Looking ahead, the minister expressed optimism about securing long-term gas supply agreements soon. Such deals could allow Lithuania to purchase gas indexed to the US Henry Hub benchmark. This move would potentially stabilize energy costs and reduce reliance on volatile global markets.

Regarding biofuel prices, the minister acknowledged that current market conditions are driving up costs. To address this, he proposed increasing the supply of biofuels, suggesting that state-run forestry operations could play a role in this expansion. The aim is to mitigate the impact of rising prices on consumers.