Orlen Lietuva signs transport tariff agreement with Lithuanian railways

WSE-listed, state-owned fuel giant PKN Orlen's Lithuanian unit Orlen Lietuva signed an agreement with Lithuanian national railway operator Lietuvos Gelezinkeliai (LG) ending their long-term dispute over transport rates.  “The compromise reached assumes an equal division of mutual claims resulting from the dispute about applying the infrastructural fee. The sides also "worked out an agreement regarding the size of tariffs and mutual obligations which both sides consider competitive and favorable from the business point of view,” PKN Orlen said in a press statement. Both sides have been negotiating new terms since 2009, when a 19 kilometer railway route connecting Orlen’s Lithuanian facility with the city of Renge has been disassembled. As a result, Orlen Lietuva was paying higher transport fees that its competition and has to transport its fuel via 150 km route.