No Picture
Energy

Lithuania’s gas security: Risks and opportunities

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. […]

Statoil
Energy

Litgas and Statoil signing LNG supply deal Thursday

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. […]

No Picture
Energy

Winter and Gazprom won’t wait: What the geopolitics of LNG will mean for the people of Ukraine and Europe

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. […]

Energy

Hot weather raised electricity price in Lithuania

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. […]

Energy

Lithuania’s peasant party demands alternative to nuclear power plant project

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. […]

NordBalt cable laying ships
Energy

Minesweepers brought in to assist in NordBalt power link construction

Artillery shells, mines and grenades are only a small part of dangerous explosives that prevented the work of laying the submarine power link from Lithuania to Sweden. Explosives were found in the Lithuanian territory during the work on the project. These explosives were neutralised by explosive ordnance disposal personnel of the Lithuanian Armed Forces. However, experts predict that more explosives might be discovered. […]

Energy

Lietuvos Energija says international investors interested in building cogeneration power plants

The state-controlled energy group Lietuvos Energija, which develops new cogeneration power plant projects in Vilnius and Kaunas, has attracted particular interest of potential partners with 24 legal entities from 10 different states expressing an interest to participate in the development of power plant projects, Lietuvos Energija says in a statement. […]