A meeting with petroleum geology research institutes from the People’s Republic of China (PRC), Sinopec Exploration and Production Research Institute and Wuxi Research Institute of Petroleum Geology, was held in the Lithuanian Geological Survey. […]
The Lithuanian Energy Institute (LEI) says that the country should explore its shale gas potential and possibilities of using it for energy production. […]
A new study on the strategic development of the Lithuanian energy sector does not bring clarity, at least for now, on whether or not the country needs a nuclear power plant. […]
Last week, Lithuania signed a historic contract of liquefied natural gas (LNG) supply with the Norwegian company Statoil. Even if the price of gas set by Statoil will be somewhat higher than the one Lithuania pays now, it is important that, for the first time in history, the country has an alternative to Russian gas, says Romas Švedas, former deputy minister of energy and lecturer at the International Relations and Political Science Institute of Vilnius University (VU TSPMI). […]
Russia’s sanctions against imports of farm and food products were the trump card of the neighbouring country and it only could do more harm through restrictions on the sale of energy sources to the European Union’s (EU) countries, chief economist of Swedbank Lithuania has said, adding that in this way Moscow would also inflict significant harm on itself. […]
On Tuesday, Poland‘s and Lithuania’s natural gas transmission systems operators GAZ-SYSTEM S.A. and AB Amber Grid submitted joint applications to the Innovation & Networks Executive Agency (INEA) for the co-financing of the project Gas Interconnection Poland-Lithuania (GIPL) from Connecting Europe Facility (CEF), Lithuania’s Ministry of Energy informs. […]
There is a long-held view that the Russian gas supply to Lithuania is unlikely to be cut-off because Lithuania serves as a gas transit state to the Russian territory of Kaliningrad. In other words, the same gas pipeline feeding Lithuania, also supplies the Russian enclave. According to this argument, Moscow would be hesitant to turn off the gas supply to Lithuania because it would result in an automatic cut in the gas supply to Kaliningrad. […]
A gas supply contract Lithuania has recently signed with Norwegian company Statoil will ensure secure gas supplies and will no longer allow Russian gas giant Gazprom to dictate “political prices”, Lithuanian President Dalia Grybauskaitė says. […]
Litgas, the gas trading arm of the state energy holding company Lietuvos Energija (Lithuanian Energy), and Norway’s Statoil signed a five-year liquefied natural gas (LNG) supply deal preliminary valued at 2.5 billion to 3 billion litas (EUR 725-870m). […]
Lithuania’s state-owned gas supply company Litgas and Norway’s Statoil on Thursday are to sign a liquefied natural gas (LNG) supply deal, the Lithuanian government’s press office said. […]
As the crisis in Ukraine is escalating with the prospect of Russian military intervention, there is every reason to believe that Vladimir Putin will use other weapons at his disposal. Thus European nations are increasingly – and justifiably – worried about the impending winter months when Russia could ratchet up the pressure on Europe, as it has done in the past, by imposing another gas halt with the consequent loss of life and negative economic impacts. […]
On 11-17 August, the average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.196 (EUR 0.056) per kilowatt hour, i.e., around 20 percent lower than a week ago. […]
Mažeikiai oil refinery has never been a plum company for the Polish oil refiner PKN Orlen. Now, the situation has gone so sour officials are talking of bankruptcy. […]
On 7-8 August, Minister of Energy Jaroslav Neverovič inspected the work on electrical transformer substations in Alytus (Lithuania) and Elk (Poland), which are part of the LitPol Link power connection. The minister said that even though the schedule is intensive, the substation reconstruction is being carried out successfully. […]
In July, the average electricity price in Nord Pool Spot power market Lithuanian trading zone (NPS LT) was LTL 0.198 (EUR 0.057) per kilowatt-hour, which was 4.4 percent above what it had been in June (LTL 0.189 or EUR 0.054 per kWh). In July 2014, compared with July 2013, the price increased by 17 percent. […]
Norway is among the leading nations in the global energy industry and Lithuania’s strategic partner in the Klaipėda LNG Terminal project, the centrepiece of the country’s energy independence strategy. Norway’s Ambassador to Vilnius Leif Arne Ulland says it has not been an easy battle, but Lithuania is confidently moving forward. […]
Japan’s Hitachi says the memorandum signed with Lithuania is a good first step towards building a nuclear power plant, but the project is a regional one, therefore it is of crucial that other partners join in as well. […]
An interim project company that the Lithuanian Energy Ministry and Japan’s Hitachi plan to set up will help make discussions on the Visaginas Nuclear Power Plant project better focused, Energy Minister Jaroslav Neverovič says, adding that these discussions are now “too virtual”. […]
Lithuania’s Minister of Energy Jaroslav Neverovič sees no reason for Russia, who has become subject to sanctions imposed by Western states, to take measures against Lithuania such as a gas embargo. […]
Lithuanian Peasant and Greens Union (LVZS) has criticized the memorandum signed between the Ministry of Energy and the Japanese corporation Hitachi and is demanding to provide an alternative to the planned Visaginas Nuclear Power Plant project. […]
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