Lithuania nears LNG deal with Statoil, which would end Gazprom's monopoly

|About: Statoil ASA (STO)|By:, SA News Editor

Lithuania is close to signing its first liquefied natural gas purchase with Statoil (STO +2%), which would end Gazprom's (OGZPY) monopoly as its supplier.

The deal, if finalized, would help the former Soviet state reduce its total dependence on pipeline gas imports from Russia, which Lithuania sees as a top risk to its national security.

Meanwhile, Greenpeace activists have boarded a Statoil drilling rig in the Norwegian Arctic, disrupting the company's plans to start drilling in its northernmost wells on the Norwegian continental shelf.