Energy Archives - Page 25 of 32 - the Lithuania Tribune

Lithuania’s power interconnections with Poland and Sweden to be launched within year

January 4, 2015 Lithuania Tribune 0

The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since last spring. LitPol Link and NordBalt will be put into operation after twelve months, at the end of 2015, Lithuanian electricity transmission system operator Litgrid said in a statement. […]

Lithuania’s LNG terminal starts commercial operations

January 2, 2015 BNS 0

The liquefied natural gas (LNG) terminal in the Lithuanian port city of Klaipėda officially opened its commercial operations on the first day of 2015 to provide the first alternative to Russian gas. […]

PM – Orlen Lietuva to end year successfully

December 27, 2014 ELTA EN 0

Prime Minister Algirdas Butkevičius says the situation in petroleum refining company Orlen Lietuva, which operated at a loss, has now stabilised. Decreasing oil prices next year are expected to contribute to the improvement of the company’s financial indicators. […]

Electricity price in Lithuanian trading zone in Nord Pool Spot down 10 percent

December 25, 2014 ELTA EN 0

On 15-21 December, the average electricity price in Nord Pool Spot power market Lithuanian trading zone stood at LTL 0.154 (EUR 0.044) per kilowatt hour, or by 10 percent less than in the previous week. […]

First commercial gas shipment delivered to Lithuania’s new LNG terminal

December 23, 2014 ELTA EN 0

On Tuesday, liquefied natural gas (LNG) tanker Arctic Aurora delivered the first commercial shipment of gas to Lithuania’s LNG terminal. […]

Lithuanian company says it has no information on suspects in France’s Alstom case

December 23, 2014 BNS 0

Lithuanian company Lietuvos Energijos Gamyba (Lithuanian Energy Production) says it has no information on any allegations against former staff members of its subsidiary Lietuvos Elektrinė (Lithuanian Power Plant), connected to French engineering group Alstom which has recently been charged in the UK with corruption linked to work in Lithuania. […]

Litgrid borrows EUR 65m from European Investment Bank

December 19, 2014 Lithuania Tribune 0

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]

Lithuania’s energy security investment equals loss to hypothetical gas embargo, study finds

December 9, 2014 ELTA EN 0

If, hypothetically, Russia imposed a gas embargo on Lithuania and the country would have to look for alternatives at a 50-to-100-percent surcharge, then in the first year of such an embargo Lithuania’s economy would lose LTL 1.6-1.9 billion (EUR 467-550 million), which is about what the country has invested in the pipeline connections with Poland and the LNG terminal. […]

Lithuania to launch new shale gas tender early next year

December 9, 2014 BNS 0

Lithuania’s authorities are planning to launch a new shale gas exploration tender early next year after parliament last week approved new tax rates for unconventional hydrocarbons, Deputy Environment Minister Daiva Matonienė said on Tuesday. […]

Electricity price in Lithuania lowest since May

December 6, 2014 ELTA EN 0

The average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.182 (EUR 0.053) per kilowatt hour on 24-30 November. Although electricity price increased in the last week of November, yet the average monthly price was the lowest since May. […]

Lithuanian PM promises to “step up efforts” in Visaginas NPP project

December 5, 2014 BNS 0

Lithuanian Prime Minister Algirdas Butkevičius told his Baltic counterparts in Tallinn on Friday that he would “step up” negotiations with the Japanese corporation Hitachi and partners in Latvia and Estonia on the construction of a nuclear power plant in Visaginas. […]

EU court advocate general’s opinion in Gazprom case is unfavorable to Lithuania

December 5, 2014 BNS 0

Lithuania’s court should recognize the Stockholm arbitration tribunal’s decision regarding Gazprom‘s gas price for Lithuania, according to the advocate general at the European Court of Justice (ECJ). […]

Lithuania’s energy minister concerned about gas market liberalization in Latvia

December 3, 2014 BNS 0

Lithuania is already in a position to supply gas to Latvia and Estonia, however, Latvia’s stance, which remains unclear, raises concerns about free supply of gas to the Baltic countries, energy minister has said, adding that Latvia has assured that it will guarantee the implementation of the European Union’s (EU) Third Energy Package. […]

Lithuania’s LNG terminal officially launches operations

December 3, 2014 BNS 0

Lithuania’s liquefied natural gas (LNG) terminal in Klaiėeda, which took a year and a half to build and cost around 500 million litas (EUR 145m), is officially launching operations on Wednesday. […]

Lithuanian PM says NPP decommissioning contractors lawful amidst anxiety over Russian capital

December 2, 2014 BNS 0

The Russian-capital companies working in multi-billion-litas projects on the decommissioning of Ignalina Nuclear Power Plant (INPP) are not doing anything illegal, but are kept under the watch of Lithuanian institutions, Lithuania’s Prime Minister has said in response to reports that a Russian company intends to buy an INPP decommissioning contractor. […]

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