Energy
Energy
Energy
Vilnius Energy co asks Stockholm arbitration to appoint valuers of heating grid
Vilniaus Energija (Vilnius Energy), Lithuania’s biggest district heating supplier controlled by France’s Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Grid, VST ). […]
Energy
EU aid for Klaipėda FSRU purchase to depend on Latvia, Estonia – EnergMin
Lithuania’s talks with the European Commission on EU funding for the acquisition of the Klaipėda liquefied natural gas ( LNG) terminal’s vessel will depend on whether Latvia and Estonia recognize it as a regional facility, Energy Minister Žygimantas Vaičiūnas said. […]
Energy
LNG competence centre to open its doors in Klaipėda
Opening of the liquefied natural gas (LNG) competence centre in the seaport is a significant event for the Lithuanian LNG cluster members in the outgoing year 2016. A modern training infrastructure, which was marshalled in business incubator of Klaipėda University (KU), will serve the LNG terminal engineering students, as well as the specialists from Lithuania and abroad working in that field, the Klaipėda University stated in a press release. […]
Energy
Electricity price will decline by 5% in 2017
Electricity prices for household users in Lithuania will decline by an average of 5 percent next year, the National Control Commission for Prices and Energy said on Friday. […]
CORPORATE
Minister of Energy: paradox but occupation isn’t over in energy industry
The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well. […]
Energy
Achemos Grupė’s oil terminal sues Klaipėdos Nafta for EUR 6 mln
Krovinių Terminalas (Cargo Terminal), an oil product terminal owned by Achemos Grupė, last week turned to court over a deal between Klaipėdos Nafta (Klaipėda Oil) and Orlen Lietuva that allegedly violates the Law on Competition and restricts fair competition in the Klaipėda port’s light petroleum product market, the daily Lietuvos Žinios reported on Tuesday. […]
Energy
EnergMin candidate says closure of ministry not a priority issue
Žygimantas Vaičiūnas, the Lithuanian Peasant and Green Union’s candidate to become the country’s next energy minister, says that the proposed closure of the Energy Ministry and transfer of its functions to the Economy Ministry is an issue of secondary importance. […]
Energy
Vilnius to take energy co to court over EUR 190,000 overpayment for heating
Administration of Lithuania’s capital Vilnius intends to take Vilniaus Energija, heating supplier to the city, to demand that it pays back some of the money, 190,000 euros, for heating when it bought biofuel at a price far above the market price. […]
Energy
Lithuania’s new energy strategy: NordBalt2 in 2025, halt of Visaginas N-plant project
The Lithuanian and Swedish electricity markets should be connected by the second interconnection, NordBalt 2, by 2025, while the Visaginas Nuclear Power Plant project should be frozen, suggests a new energy strategy worked out by the outgoing Lithuanian Energy Ministry and presented by Minister Rokas Masiulis on Tuesday […]
Energy
Lietuvos Energija CEO denies being offered Minister of Transport job
Dalius Misiūnas, CEO of the Lithuanian state-energy holding company Lietuvos Energija (Lithuanian Energy), denies that he has been offered the post of transport minister in the country’s next government. […]
Energy
Lithuania to scrap energy ministry – Peasants leader
Ramūnas Karbauskis, chairman of the Lithuanian Peasant and Green Union (LPGU), the party that triumphed in recent parliamentary elections, says that the Energy Ministry, which, in words, was established for a new nuclear power plant project, will be scrapped and its functions will be transferred to a separate department at the Economy Ministry. […]
Energy
Litgrid and NATO Energy Security Centre to enhance cooperation
The Lithuanian electricity transmission system operator Litgrid and NATO Energy Security Centre for Excellence have signed a cooperation agreement. The two parties have undertaken to exchange experience in ensuring and strengthening Lithuania’s energy security. […]
Energy
Outcome of Lithuania-Gazprom dispute shouldn’t influence EU decision
Lithuania’s failure to win a dispute against Gazprom over too high natural gas prices should not influence the European Commission‘s decision in its antitrust probe into the Russian gas giant’s operations, Lithuanian Energy Minister Rokas Masiulis. […]
Energy
EU shouldn’t accept power from Belarus N-plant if risks not reflected in price – Kaljulaid
Estonia’s new president says that the European Union should not give market access to electricity from the Astravyets nuclear power plant under construction in Belarus if environmental risks are not reflected in its price. […]
Energy
Possible energmin candidate favours restricting power imports from Astravyets
Lithuania should restrict access for electricity from the Astravyets nuclear power plant under construction in Belarus, Virgilijus Poderys, who has been named by the Peasant and Green Union, the winner of the parliamentary elections, as their candidate for energy ministry, said on Monday. […]
Energy
Regulator cuts Vilniaus Energija’s heating price by 23%
Lithuania’s energy market regulator has cut the tariffs of Vilniaus Energija (Vilnius Energy), a company owned by France’s Veolia, for district heating in an effort to return 24.3 million euros to Vilnius’ residents who were overcharged by the supplier. […]
Energy
Lithuania to apply to Swedish court for annulment of decision in Gazprom dispute
Lithuania plans to apply on Thursday to a Swedish court for an annulment of a Stockholm arbitration court‘s ruling in a dispute between the government and Russia’s gas giant Gazprom in which the country sought, but was not awarded, 1.4 billion euros in compensation for overpriced Russian natural gas. […]
Energy
First scheduled maintenance of LitPol Link finalised
The maintenance works of the LitPol Link interconnection were accomplished on Saturday afternoon. It was the first annual disconnection of the power link with Poland for the maintenance. After the works were performed, the interconnection was again put into operation on September 18, Litgrid communications department informed. […]
Energy
Key disagreements remain between Lithuania, Belarus over N-plant
Substantive disagreements remain between Lithuania and Belarus over the Astravyets nuclear power plant under construction just 50 kilometers from Vilnius, the Lithuanian Environment Ministry said after the two countries’ experts ended their two-day meeting in Minsk on Wednesday. […]