Energy
Energy
Energy
Gas prices to be ‘slightly lower’ under new LNG deal with Statoil
Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway‘s Statoil on Monday. […]
Energy
Nord Stream 2 gas pipeline ‘aimed at dividing Europe’
The Nord Stream 2 gas pipeline to Germany, which Russia plans to build across the Baltic Sea, is economically unsound and is a political project aimed at dividing European Union countries, said Lithuania’s President, Dalia Grybauskaite. […]
Energy
Lithuanian government must halt Belarus nuclear plant, say former heads of state
Two former Lithuanian leaders – ex-president Valdas Adamkus and the country’s first post-independence leader Vytautas Landsbergis – have urged the government “to do everything in its power to immediately halt the construction of the Astravyets nuclear power plant” in Belarus some 50 km east of Vilnius. […]
Energy
Lietuvos Energija acquires two wind farms in Lithuania and Estonia
The state-owned energy group Lietuvos Energija has acquired two wind farms in Lithuania and Estonia, adding 42.3MW to its energy production capacity. […]
Energy
LNG agreement with Statoil in sight, PM says
Lithuanian Prime Minister Algirdas Butkevičius says that an agreement of an agreement with the Norwegian gas company Statoil have already been agreed in order to review the price of liquefied natural gas (LNG) supplied via the LNG Terminal. The head of Government said that the agreement is expected to be signed soon. […]
Energy
Lithuanian gas prices should remain stable despite Gazprom price hike
Gas prices will rise for Lithuanian buyers of gas from Gazprom, Russia’s gas monopoly, but according to Dalius Misiūnas, the CEO of the Lietuvos Energija energy company holding in Lithuania, this should not translate into higher prices for end users. […]
Energy
Energy
Gazprom probe now going in two directions, says European Commissioner
The European Commission is working “in two directions” on an anti-monopoly investigation of Russia‘s gas company Gazprom, EU competition commissioner Margrethe Vestager said. […]
Energy
Spike in electricity prices forces activation of Elektrėnai power plant
Electricity shortages and a sharply increased electricity price on Monday forced the grid operator to turn on the combined cycle gas generating unit at Elektrėnai power plant. […]
Energy
Energy minister discusses potential nuclear power plant boycott with Estonian minister
Minister of Energy Rokas Masiulis, who sent out a letter to ministers in Latvia, Estonia, Poland and Finland urging them not to buy electricity from the nuclear power plants in Belarus or Kaliningrad, received the first positive answer to his letter when he met with Estonian Minister of Economy and Infrastructure Kristen Michal on Thursday. […]
Energy
Cuts to power plant subsidies will lead to higher electricity prices, say experts
Several dozen energy specialists and politicians have criticised the Lithuanian government’s decision to discontinue electricity production subsidies for combined heat and power plants in Vilnius, Kaunas and Panevėžys. They said that the decision will increase consumers’ electricity and heating bills, while the country will not have sufficient backup electricity generation power. […]
Energy
Call for boycott of Belarus and Kaliningrad power plants by Lithuanian energy minister
In a letter addressed directly to ministers in Latvia, Estonia, Poland and Finland, Lithuanian Minister of Energy Rokas Masiulis exhorted these countries to carefully consider whether or not they should purchase electricity from the nuclear power plants being constructed in Belarus and in Russia’s Kaliningrad enclave. […]
Energy
For Lithuanian gas exports to Latvia, ball is in Latvian court
If Latvia’s gas provider, Latvijas Gaze, will agree to draft rules and conditions for Lithuania’s gas providers, then Lithuanian gas exports may begin as early as this year. The Latvian high court’s decision to allow such a transfer removed one hurdle to the effort, but others remain. […]
Energy
Russian oil to again feed Orlen Lietuva oil refinery in Mažeikiai
Russian oil will be once again supplied to the Orlen Lietuva oil refinery in Mažeikiai as the new head of the company Wojciech Jasinski is increasing raw material imports from Russia, newspaper Gazeta Wyborcza reports. […]
Energy
Lithuania hopes for cheaper gas deal with Statoil, PM says
Prime Minister Algirdas Butkevičius expects that Norway‘s gas company Statoil will lower the price Lithuania is paying for liquefied natural gas (LNG). After Litgas, Lithuania’s state-owned gas company, concludes negotiations with Statoil, consumers can expect price drops, he said on Monday. […]
Energy
Lithuanian energy experts blast government’s plans to shutter thermal power plants
Nearly 60 famous Lithuanian power engineers, scientists, former energy and economy ministers and heads of business associations encouraged the government to take decisive actions in order to save thermal power plants as reserve electric power sources. The government adopted a resolution on October 7 that will effectively leave the thermal power plants unused. […]
Energy
Why is the deal between Russia’s Gazprom and Lithuania’s Amber Grid important?
Amber Grid, a Lithuanian gas transmission company, signed a 10-year contract with the Russian gas concern Gazprom for the transportation of gas from Belarus through Lithuania to Kaliningrad. According to the contract, the services will cost about €10-11 m. annually for 10.5 million cubic meters of gas a day. […]
Energy
Lithuania’s energy accomplishments in 2015
2015 was an intense year full of changes in Lithuania’s energy sector. The Ministry of Energy compiled a list of the ten most important events that have affected the energy sector and consumers the most. […]
Energy
Russian gas to Kaliningrad will flow through Lithuania for 10 more years
Amber Grid, the operator of Lithuania’s natural gas transmission system, and Gazprom signed a new long-term agreement on the transportation of natural gas to the Kaliningrad Region of the Russian Federation through the Republic of Lithuania, Amber Grid reports. […]