Energy
Lithuania decides to buy out its LNG terminal
The Klaipėda liquefied natural gas floating storage and regasification unit (FSRU) terminal should be bought out by the end of 2024, members of Seimas voted today. […]
Achema EN
CORPORATE
VSD paper: how the most influential business and interest groups changed over 10 years
During its investigation of business influence on politicians, the Seimas National Security and Defence Committee (NSGK) among other things reviewed a State Security Department (VSD) paper, which presents a table with the most influential Lithuanian […]
CORPORATE
After 2024 “Independence” may sail away from Lithuania
In a study on the future of the liquefied natural gas (LNG) terminal, foreign experts did not assess the prospects of the fertiliser market despite the fact that this branch of the industrial sector accounts […]
Politics
PM says special services won’t interfere with companies’ economic processes
Lithuanian Prime Minister Saulius Skvernelis is confident that the country’s special services will not interfere with “economic processes” at Orlen Lietuva, Achema and Telia Lietuva after these services have been allowed to vet large deals by the three privately-owned companies. […]
Politics
Politics
President signs bill on large deals by Orlen Lietuva, Achema, Telia Lietuva
Lithuanian President Dalia Grybauskaitė has signed into law a bill that opens the way for authorities to vet large deals by three privately-owned companies — Orlen Lietuva, Achema and Telia Lietuva — and to block deals that are deemed a threat to national security. […]
Politics
Seimas passes bill to vet large deals by strategic companies
A special government commission in Lithuania will be able to vet state-owned and privately-owned strategic enterprises’ deals exceeding 10 percent of their annual revenue. […]
CORPORATE
Seimas bulldozing in obligations for business
The answer to the question whether Lithuanian politicians wish to interfere with the business transactions of private companies is becoming clear. The Seimas Committee of Economy voted for the strategic company regulation legislative project to […]
CORPORATE
Raimundas Lopata. Skvernelis obtained his own Borisov?
Several months ago conversations between former Polish Minister of Foreign Affairs Radoslaw Sikorski and Orlen head Jacek Krawiec were “leaked”. They were also reprinted in Lithuanian media. The conversations featured discussions on the possibility to […]
CORPORATE
A project that may spark disputes between neighbours
A legislative project being discussed in Seimas right now to regulate strategic company operations may have a negative impact on the recently recovering Lithuanian – Polish relations. The neighbours, just as all other investors, unlikely […]
Defence
Lithuanian security chief: We must avoid hysteria when discussing threats
Darius Jauniškis, the director of the Lithuanian State Security Department (VSD), says that intelligence agencies are increasingly open to communication with the public as they cannot remain invisible services in this information age. […]
Energy
US gas would pull down LNG prices in Lithuania – Seimas speaker
The price of liquefied natural gas (LNG) imported by Lithuania could decline, if the United States and the European Union (EU) sign a free trade agreement and supplies of American LNG is ensured, says Lithuania’s Parliamentary Speaker Viktoras Pranckietis. […]
CORPORATE
The state LNG terminal: it lacks where it’s short
This is how we could describe the expensive maintenance model of Klaipėda liquefied natural gas (LNG) terminal, which exceeds the needs of the country by several times, Lietuvos žinios reported. The LNG terminal maintenance fee […]
Defence
Rukla hosting NATO batalion expects to heal social wounds
Before switching on the dictophone, Gintas Jasiulionis, elder of Rukla, a town in central Lithuania that is hosting the NATO enhanced Forward Presence battalion, asks BNS journalists to produce their press cards – he explains he wants to make sure he is not targeted by the Russian propaganda. […]
Economy
Who are the richest people in Lithuania?
The weekly magazine Veidas has published its annual list of top richest people in Lithuania. For the sixth year in a row, the top spot is reserved for Nerijus Numavičius, the biggest shareholder of Vilniaus […]
CORPORATE
Achema small shareholders go to court over €150m buy-out
Small shareholders of Achema Group, Lithuania’s biggest fertilizer producer, have asked court to force the company to buy out their 25% stake in the company. The small shareholders, who have failed to agree with the […]
Energy
CORPORATE
New Norwegian LNG shipment arriving in Klaipėda today
A new shipment of LNG is arriving in Klaipėda by ship from the Norwegian Statoil group. The Arctic Princess, an LNG tanker carrying about 140,000 m3, should arrive in Klaipėda this morning. This will be […]
CORPORATE
New LNG shipment to Lithuania on Independence Day marks new era
New gas tanker with Statoil natural gas reached the Klaipėda LNG terminal yesterday on Independence day, marking a new phase in Lithuania’s move away from dependence on Russian gas supplies. […]
Energy