Lithuania's LNG tanker "Independence"
Energy

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
Economy

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. […]

No Picture
Energy

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. […]