No Picture
Opinion

Opinion: Looking into the Far East – how Japan might affect our energy security

Once Japan restarts its nuclear capabilities, it will reduce its reliance on LNG. As a result, global LNG prices should drop, benefiting European states that are eyeing LNG as an alternative to Russian gas. This is particularly crucial for such Eastern European states as Lithuania and Poland that have placed great hopes in their liquefied natural gas (LNG) terminals in Klaipėda and Świnoujście. […]

Lithuania's floating LNG storage vessel was built in South Korea
Energy

Energy game changer: Klaipėda LNG terminal and the Baltic states

The end of summer will elicit concerns among many EU states regarding the stability of the Russian gas supply during the cold winter months as tensions in Ukraine persist. Yet, one unexpected set of states – Lithuania, Latvia and Estonia – will greet the winter with more energy security than ever. […]

The Independence, the floating LNG storage unit
Energy

How will Lithuania’s LNG terminal work?

The liquefied natural gas (LNG) floating storage, which at the beginning of the year was solemnly named “The Independence”, and will start functioning this December, will be stationed alongside the quay on the island of Kiaulės Nugara (Pig’s Back). However, if necessary, it will be able to depart from the quay and transport gas, says Indra Milinienė, communications manager of Klaipėdos Nafta, the company implementing the LNG Terminal project. […]

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Energy

Russia threatens Europe with winter without gas

As the winter approaches and gas consumption is set to rise, several EU countries – Poland, Slovakia and Austria – suddenly felt a drop in gas supply from Russia. […]

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Opinion

Opinion: Breaking free from Gazprom is of political and economic benefit

Russian intervention in Ukraine has refocused the attention on the traditional military and security challenges, but the factors that made it possible for today’s Russian attempts to revise the European security architecture should not be forgotten. Primarily, this was the result of the processes in the energy sector that go forward only because of reasoned calls of a part of intellectuals for Europe to stop funding of Vladimir Putin’s regime. […]

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Energy

Lithuania’s gas security: Risks and opportunities

There is a long-held view that the Russian gas supply to Lithuania is unlikely to be cut-off because Lithuania serves as a gas transit state to the Russian territory of Kaliningrad. In other words, the same gas pipeline feeding Lithuania, also supplies the Russian enclave. According to this argument, Moscow would be hesitant to turn off the gas supply to Lithuania because it would result in an automatic cut in the gas supply to Kaliningrad. […]

Statoil
Energy

Litgas and Statoil signing LNG supply deal Thursday

Lithuania’s state-owned gas supply company Litgas and Norway’s Statoil on Thursday are to sign a liquefied natural gas (LNG) supply deal, the Lithuanian government’s press office said. […]