PM Algridas Butkevičius
Energy

Official launch of LitPol Link and NordBalt marks new era of Lithuanian energy

Lithuanian leaders and their counterparts from the Baltic states and Poland are on Monday officially inaugurating the interconnections LitPol Link and NordBalt, lauded as key projects to usher the country into the new era of energy independence. […]

Defence

Influential US think tank looks into ways of improving security measures in Baltics

On 20 October in Vilnius, Deputy Minister of Foreign Affairs of Lithuania Andrius Krivas, officials of the Ministry of Foreign Affairs and the Ministry of National Defence met with a group of experts from the Influential US think tank Atlantic Council, led by Magnus Nordenman, to discuss current challenges to Lithuania’s security, measures to ensure security and potential support from allies in this field. […]

Rokas Masiulis
Energy

Minister Masiulis: NordBalt opens Scandinavian electricity market surplus for Lithuania and Latvia

The 453-kilometer long 700 megawatt NordBalt power interconnection is one of the most important projects in the history of Baltic countries’ energy sectors. Although the submarine cable is laid between the coasts of Lithuania and Sweden, the project will equally benefit to Lithuania and Latvia,” said the Minister of Energy, Rokas Masiulis, to Latvian reporters during a meeting in Klaipėda. […]

Defence

NATO command centres start operations in Lithuania and 5 other countries

NATO command centres officially start operating in Lithuania and five other Eastern European countries on Tuesday. […]

Potsdam Conference
Opinion

Opinion: Potsdam Conference and Russia’s crooked-mirror politics in Kaliningrad

Most of the time history can’t be put to bed even though agreements to end wars have been concluded, victors have drawn new boundary lines, promises made, but they soon get either forgotten or swept under the rug, as if they weren’t there. The story of the northern part of former East Prussia (now known as the Kaliningrad exclave) is a good example of a conveniently ignored agreement made at the 1945 Potsdam conference to resolve the fate of the territory at a later peace treaty with Germany. […]

No Picture

Electricity cheaper throughout Baltic Sea region in March

In March the electricity price was the lowest since the Nord Pool Spot have been launched in Lithuania in 2012. The average electricity price in the Lithuanian bidding area was 32 EUR/MWh. The demand of electricity fell by 8 percent due to warmer weather and lengthening daylight. Compared to March last year, the price decreased by 23 percent in the Lithuanian market, the Lithuanian electricity transmission system operator Litgrid reports. […]

LitPol Link
Energy

Litgrid borrows EUR 65m from European Investment Bank

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]