New Lithuanian energy minister to focus on cost management

“One of the directions I would like to emphasise regarding energy projects is the cost. We must manage costs in the energy sector, ensure the return for investors, but it cannot be excessive,” said Masiulis.

The minister gave an example from his experience in oil company Klaipėdos Nafta when the timely and accurate calculation of costs is believed to bring tangible benefit in the future.

Related Post

“The liquefied natural gas terminal that is being constructed in Poland required considerably more funds, meanwhile, the cost in Lithuania was balanced. Should the terminals compete in the future, the Lithuanian terminal should have an advantage,” said the minister.

Share

Recent Posts

  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 days ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

1 week ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 weeks ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 weeks ago
  • Tribune

The Citus projects: The Kaip Niujorke by CITUS project continues – the spirit of New York unfolds in Vilnius, and the second phase is launching

In September, Citus – a creative real estate projects’ development and placemaking company – began…

2 weeks ago
  • Latest

These parties will enter the Seimas for the third time in a row. How many votes did they lose, and how many did they gain?

As various parties emerge, disappear or reorganize themselves in the political space, the Lithuanian Social…

3 weeks ago