Energy
Energy experts urge government not to scrap cogeneration plants
Energy experts have urged the Lithuanian government not to close down combined heat and power plants which they say could upset security of electricity supply. […]
Energy
Energy
Vilniaus Energija fined €600,000 by regulator
The National Commission for Energy Control and Prices has fined UAB Vilniaus Energija €600,000 for failing to provide required information during an audit of the company‘s activities in 2012-2014. […]
Energy
Town faces trebling of gas prices under Gazprom deal
The cost of gas for residents and businesses in Druskininkai could treble in the next year if the spa town in south Lithuania cannot find an alternative to an extremely unfavourable gas supply deal with Gazprom. […]
Energy
Energy
Nord Stream 2 should not go ahead, President Grybauskaitė says
The planned Nord Stream 2 pipeline between Russia and Germany under the Baltic Sea should not be built, Lithuanian President Dalia Grybauskaitė said on Thursday before leaving for an EU Council meeting. […]
Energy
Common Baltic gas market is top priority, say regional energy leaders
On 15 December, Lithuania’s Ministry of Energy held a meeting of the Committee of Senior Energy Officials of the Baltic Council of Ministers (BCM) to address the development of a regional gas market and to cooperate on the synchronisation of the Baltic states’ power systems with the networks of Continental Europe, the ministry reports. […]
Energy
Lithuania’s Constitutional Court rules fracking is OK
The Constitutional Court of Lithuania ruled on Wednesday that hydraulic fracturing waste can be buried underground. […]
Energy
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. […]
Energy
Lithuania’s power interconnectors promise cheaper electricity
Electricity prices in Lithuania could drop by over 5% following the inauguration of two new electricity interconnectors with Poland and Sweden. Calling the moment the start of a new energy era, experts say the links will give Lithuania more freedom to pursue its energy policies, although challenges remain. […]
Energy
Energy
US Secretary of State John Kerry congratulates Lithuania on launch of NordBalt and LitPol Link connections
Lithuanian Prime Minister Algirdas Butkevicius received a letter of congratulations from US Secretary of State John Kerry in which he extended congratulations on the launch of the NordBalt and LitPol Link electrical connections. […]
Energy
Official launch of LitPol Link and NordBalt marks new era of Lithuanian energy
Lithuanian leaders and their counterparts from the Baltic states and Poland are on Monday officially inaugurating the interconnections LitPol Link and NordBalt, lauded as key projects to usher the country into the new era of energy independence. […]
Energy
Energy connections vital for Lithuanian energy security being tested
The system tests for NordBalt and LitPol Link, energy connections vital for promoting Lithuanian energy independence and security, are now under way. […]
Energy
Biofuel blends in Lithuania will no longer enjoy tax exemptions
The Lithuanian Seimas has voted to waive the duty exemptions for EU-approved biofuel mixtures sold in Lithuanian gas stations. The amendments are expected to help the state save around 66 million Euros. […]
Energy
Merger of Lithuania’s electricity grid operator and gas company goes ahead
Lithuanian electricity grid operator LESTO is merging with the gas company Lietuvos Dujos. The purpose of the merger is to optimise the operations, and reduce costs so that consumers can pay less for gas and electricity, according to Energy Minister Rokas Masiulis. […]
Energy
Lithuanian PM accuses district heat provider Vilniaus Energija of foul play
Prime Minister Algirdas Butkevičius has accused district heat provider Vilniaus Energija of foul play after it stated that heating prices in Lithuania’s capital would grow due to the obligation to purchase part of gas from the Klaipėda Liquefied Natural Gas (LNG) terminal. The prime minister said the company was ending the year how it had begun it – with strange manipulations when purchasing fuel and with heating prices in Vilnius higher by one quarter. […]
Energy
Lithuanian energy minister accuses Vilniaus Energija of manipulations
Energy company Vilniaus Energija has claimed that heating prices in Vilnius will soar due to obligations to purchase liquefied natural gas (LNG) from Klaipėda’s terminal. The Ministry of Energy has responded to such claims by saying that in October the company itself decided to purchase from the LNG terminal significantly more gas than planned previously. Energy Minister Rokas Masiulis has stated that Vilniaus Energija is manipulating prices of acquired fuel. […]
Energy
Lithuanian LNG business seeks Dutch experience
The first Lithuanian-Dutch liquefied natural gas (LNG) forum was held on Monday. In the opening address, Lithuanian Energy Minister Rokas Masiulis emphasised the possibility to take advantage of the Dutch experience in developing LNG business in the Baltic region. […]
Energy
Lithuanian consumers pay least for gas in region, EC says
Both household consumers and industrial companies in Lithuania pay the smallest price for gas in the region, according to the newest report on European gas markets by the European Commission (EC). […]
Energy
Lithuania will be first recipient of US gas in Europe
Lithuania will be the first country in Europe to receive a shipment of liquefied natural gas (LNG) from the United States, sources confirm. […]