Topicalities of the Legal Regulation of the Natural Gas Market of Lithuania

Algimantas Urmonas, Virginijus Kanapinskas

Abstract


The authors of the article analyze the topicalities of the legal regulation of the natural gas market of Lithuania. This issue was not chosen accidentally. Firstly, natural gas sector is one of the most important in the state. Secondly, the problems of the legal and economic regulation of natural gas market are very tricky and sensitive. Thirdly, this topic is significant both in theory and in practice. This article is divided into three parts. The conception of and the need for the legal regulation of natural gas market in the context of social changes are described in the first part. The problems related to the situation in the natural gas market of Lithuania are presented in the second part. In the third part the authors disclose the main problems of the legal regulation of the natural gas market of Lithuania and suggest possible solutions. At the end of the article reasoned conclusions are drawn and recommendations regarding the necessary changes seeking for an effective legal regulation of natural gas market and protection of the rights of customers are suggested.

Keywords


competition; economic regulation; legal regulation; natural gas; natural gas market

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"Societal studies" ISSN online 2029-2244 / ISSN print 2029-2236