Fortum Klaipėda elektrinė
CORPORATE

Klaipėda CHP plant generates record amount of power

Fortum Klaipėda heat and power plant, which runs on waste and biofuel, produced a record 416GWh of heat and 143GWh of electricity during 2015. […]

Rokas Masiulis
Energy

Gazprom will have to be more flexible to sell gas in Lithuania, minister says

Russia’s gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country’s largest gas consumer, and Norway‘s Statoil. […]

Sergey Rachinstein in 2014
Society

Businessman suspected of embezzling EU money arrested in Vietnam

Sergey Rachinstein, a businessman wanted by Lithuania on the suspicion of embezzling European Union (EU) funds, was detained in the city of Ho Chi Minh in Vietnam last week. […]

Gazprom
CORPORATE

EU to demand veto on Gazprom deals with EU countries including Lithuania

The EU is seeking new powers to vet gas contracts between Russia and EU countries like Lithuania and the Baltic States before they are signed in an effort to curb the influence of Gazprom on European Union gas markets. […]