Litgas and Statoil prepare joint venture to enter Baltic Sea small scale LNG market

Natural gas supply and trading company Litgas, part of Lithuania’s state owned energy holding Lietuvos Energija, and Norway‘s Statoil, a leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on Thursday in Vilnius regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services, Litgas reports. […]


Klasmann-Deilmann to expand production capacity in Lithuania

The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intended expansion of an existing factory at the Šilutė site includes plans for high-performance mixing, screening and packing facilities, a research laboratory and an experimental greenhouse for product development. This will involve the creation of at least 20 new jobs over the next three years. […]

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Railway advances reveal strategic interests in the Baltics

Stratfor analyst Eugene Chausovsky reflects on the Baltic states’ recent announcement of a joint venture company for Rail Baltica and examines the project’s regional context and implications. […]