Diana Korsakaitė

Ex-chief of price panel tells about president’s pressure over Vilniaus Energija

Diana Korsakaitė, former chairperson of the Lithuanian National Commission for Energy Control and Prices, told international arbitration about pressure made by President Dalia Grybauskaitė over heating tariffs of Vilniaus Energija (Vilnius Energy) that is operated by French concern Veolia, 15min.lt news portal said on Monday. […]


Is Poland illegally throttling energy imports from Lithuania?

Lithuanian and Polish energy market regulators have begun to investigate whether the Polish electricity grid operator PSE is violating European Union rules through its limit on Lithuanian energy imports. […]

Klaipėda LNG terminal

LNG price calculation methodology approved

The National Commission for Energy Control and Prices has approved a methodology which will be used to set liquefied natural gas (LNG) prices for heat and electricity producers who are obliged to buy a set share of their gas from the LNG terminal in Klaipėda. […]

Klaipėda LNG terminal

Gas consumption falls below minimum needed to sustain Lithuania’s LNG terminal

As natural gas consumption has dropped drastically in the energy sector, the minimum quantity of natural gas required for the operation of the Liquefied Natural Gas (LNG) Terminal will twice surpass the projected demand by energy producers. The designated supplier, company Litgas, forecasts that due to such changes in the market the average gas purchase price for energy producers may rise by approximately 50 percent. This shows that the existing designated supply model is no longer sustainable. […]

Dalia Grybauskaitė

Lithuanian president delivers State of the Nation address: The world is not a peaceful place

Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia‘s aggressive policies, as well as emigration of working-age population. Grybauskaitė also stressed the need to work more on addressing social issues, particularly in childcare institutions. […]


Lithuania’s Litgrid reports EUR 121.1m income in 2014

Lithuania’s Litgrid Group reported an income of EUR 121.2 million for 2014: 29 percent lower compared to 2013. Income from electricity transmission accounted for 50 percent of the Group’s total income – EUR 60.6 million, the Group said in a statement. […]