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Lithuania’s Achema concludes gas deal with Statoil
Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway’s Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda. […]
Will consumers feel lower gas prices?
Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]
Gas prices to be ‘slightly lower’ under new LNG deal with Statoil
Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway‘s Statoil on Monday. […]
Achema’s biggest shareholder is not going to sell
Lithuanian Prime Minister Algirdas Butkevičius says that he has received personal reassurance from Lyda Lubienė, the main shareholder of the fertilizer manufacturer Achema, that she is not going to sell her shares in the concern which has been eyed by Russian investors. […]
Political scientist: Russia could exert influence on Lithuania via Achema Group
The Kremlin could exert influence on Lithuania and try to destabilize the country if Russia’s chemical concern EuroChem Group were to acquire Achemos Grupė (Achema Group), one of Lithuania’s largest concerns, that owns a large fertilizer plant in Jonava and the largest stevedoring company in the port of Klaipeda, a political scientist has said. […]
Russian intentions to invest in Lithuanian company trigger national security concerns
After talks emerged about the Russian chemical company EuroChem Group entertaining plans to invest in Lithuania’s Achema Group, Lithuanian President Dalia Grybauskaitė said that any investor would have to go through scrutiny and meet strict national security criteria. Achema Group is the owner of fertilizer manufacturer Achema, one of the biggest companies in the country which is included in the list of enterprises with relevance to Lithuania’s national security. […]
Talks with Gazprom not as important as before, Lithuanian energy minister says
The situation in Lithuania has radically changed with the launch the Klaipėda liquefied natural gas (LNG) terminal and negotiations with Russia’s gas giant Gazprom on a new gas supply contract are no longer as important for the country as they were in the past, Energy Minister Rokas Masiulis says. […]
Numavičius remains richest person in Lithuania
The richest person in Lithuania is Nerijus Numavičius, the largest shareholder of the Vilniaus Prekyba Group; even after the euro introduction he will remain a billionaire. In the list of top 20 richest people in Lithuania, compiled by IQ Top magazine, Numavičius with LT 4.255 billion (EUR 1.23 billion) leaves the rest richest Lithuanian people far behind him. […]
Gas price for Achema to be included in negotiations with Gazprom
The Lithuanian Government will aim at negotiating a more favourable natural gas price for Achema: a negotiating group will include the issue of Achema in negotiations with Gazprom over the price for natural gas imported from 2016, says Prime Minister Algirdas Butkevičius. […]