Energy
Lithuanian parliament endorses new LNG terminal financing model
The Lithuanian parliament approved the new LNG terminal financing model on Tuesday, as the old model would have resulted in higher heating prices next year. […]
Energy
Energy
Electricity consumers in western Lithuania to test NordBalt link
In late November, 24,000 Lithuanian consumers will receive electricity from Sweden for the first time. During a half an hour special test when the Lithuanian electricity system operator Litgrid is planning to verify the NordBalt black-start feature, the residents in Klaipėda and Šilutė districts will be provided with electricity from a single source – the Lithuanian and Swedish interconnector NordBalt, Litgrid reports. […]
Energy
Energy
Klaipėda LNG Terminal one year on – independence or responsibility?
On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]
Energy
Vilnius court upholds EUR 35m antitrust fine for Gazprom
Vilnius Regional Administrative Court has rejected OAO Gazprom‘s compliant against Lithuania’s Competition Council. […]
Energy
Lithuania halved greenhouse gas emissions since 1990
Between 1990 to 2012, greenhouse gas emissions in Lithuania, including international aviation, were reduced by 55.6 percent, or from 49.12 million tonnes of CO2 equivalent in 1990 to 21.81 million tonnes of CO2 equivalent in 2012. […]
Energy
Wind power production growing in Lithuania
Over the first nine months of this year, wind power plants in Lithuania produced 511GWh of electricity, up by 13.2 percent compared to the same period last year. Overall, electricity production grew 10 percent in Lithuania. […]
Energy
Lithuania’s Litgrid and INEA sign agreement on partial LitPol Link funding
Litgrid, the Lithuanian electricity transmission system operator, and the European Union Innovation and Networks Executive Agency (INEA) have signed an agreement on partial LitPol Link project funding. […]
Energy
Lithuanian Gas and LESTO to be merged into Energy Distribution Operator
The Nasdaq stock exchange announced on Monday about reorganization of AB LESTO, Lithuania’s electricity distribution network operator, and Lietuvos Dujos (Lithuanian Gas). […]
Energy
Energy
Contention over one-year-old LNG terminal continues
On this day last year, the floating LNG regasification and storage unit Independence sailed into the port of Klaipėda. The LNG terminal is a crucial element in Lithuania’s striving for energy independence from Russian gas and electricity imports, but arguments continue about who is going to pay for the facility’s maintenance. […]
Energy
One year of Lithuania’s LNG terminal: No one can cut off our gas
One year after Lithuania inaugurated its liquefied natural gas (LNG) terminal in Klaipėda, Energy Minister Rokas Masiulis says that the facility has brought security and competition for the first time in Lithuania’s gas market history and can be called a regional terminal. […]
Energy
70th Anniversary of Lithuanian power system
Exactly 70 years ago in October, 1945, the Lithuanian power system was put into operation. The operation of generators at the Kaunas and Vilnius power plants was synchronized after a power line connecting the power plants had been installed, and the balance between power generation and consumption was maintained by the central system control centre. […]
Energy
Lithuania’s Supreme Court upholds Stockholm Arbitration ruling favourable to Gazprom
The Supreme Court of Lithuania ruled on Friday to uphold a verdict passed by Stockholm Arbitration court which bound Lithuania not to adjudicate in a dispute with Gazprom. […]
Energy
Energy
Energy
President Grybauskaitė: GIPL will allow to import gas at best price
Lithuanian President Dalia Grybauskaitė says that gas pipeline with Poland will provide an opportunity for Lithuania not only to import but also to export natural gas, depending on the situation in the market. […]
Energy
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. […]
Energy
Disconnecting Baltics from BRELL could cost EUR 800m
According to representatives of the European Commission (EC), synchronisation of the Baltic states’ power network with transmission systems of the West could cost approximately EUR 800 million, including the LitPol Link electricity connection with Poland. […]
Energy