Lithuania Plans New Tender for Shale-Gas Rights on Chevron Exit
This article is for subscribers only.
Lithuania plans a new tender for shale hydrocarbon exploration rights and will revise licensing terms after Chevron Corp. withdrew as sole bidder from a previous contest.
The Lithuanian Geology Service was instructed by a tender commission “to assess the changed legal and tax environment and present the documents to organize a new tender,’ Vice Environment Minister Daiva Matoniene said today in a statement on the ministry’s website in Vilnius, the capital. The rights for the sale are to explore and produce shale hydrocarbons in the western Lithuanian region of Silute-Taurage.