Big changes often seem to move forward painfully slowly, while the most sweeping of them get triggered by steps no one thought very consequential. It is especially true of the policies of the European Union with its notoriously cumbersome decision-making procedures and contradictory interests. Could the energy union be its next big thing? […]
The situation in the Lithuanian gas market has changed materially in recent years and now it’s up to the country to decide where to buy gas, the country’s energy minister has said in comments about antitrust charges on Wednesday filed by the European Commission (EC) against the Russian gas concern Gazprom. […]
The case against alleged abuse of dominance by Russia’s gas giant Gazprom is not political, the European Union’s Commissioner for Competition Policy has said. […]
Gazprom might have charged unfair gas prices and abused dominance, the European Commission (EC) has said after completing a probe into possible abuse of monopoly power by the Russian gas giant in some Central and Eastern European countries. […]
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. […]
Prosecutors say that plans by Bionovus, an Icor-controlled biofuel supplier, to merge with its Estonian-registered owner and cease operations will have no impact on their investigation into the company’s deals, but some lawyers say that this would make it more difficult to gather documents needed for the probe. […]
Seimas Deputy Speaker Gediminas Kirkilas wants to include Poland in the planned construction of Visaginas nuclear power plant (NPP). […]
Lithuania is not considering building a new nuclear power plant in Visaginas on its own, without Latvia and Estonia, Prime Minister Algirdas Butkevičius said on Wednesday. […]
Although the three Baltic countries continue official discussions about possibilities to build a new nuclear power plant in Visaginas together, the Lithuanian authorities have started to consider chances to develop the project with just one partner – the supplier of technology, Japan’s Hitachi. […]
The current model for financing the operation of the Klaipėda liquefied natural gas (LNG) terminal can be changed if a better solution is offered, Energy Minister Rokas Masiulis said on Tuesday, commenting on a proposal from the Association of Heat Producers that all consumers contribute to the maintenance of the facility. […]
Over the first quarter of this year, Lithuania’s wind power plants produced 173.3 GWh of electricity. It accounts for 7 percent of all energy consumed in Lithuania, or nearly a quarter (23.6 percent) of total electricity produced in the country in Q1. […]
Lithuanian authorities’ decision to postpone a new shale gas exploration and production tender makes sense, says Jaroslav Neverovič, former energy minister and now energy expert, adding that the key task now is to put the respective legal base in order. […]
A new tender for exploration and extraction of shale resources in the west of Lithuania will not be launched at this stage, Environment Minister has said. […]
Russia‘s gas giant Gazprom says that an arbitration suit it filed against Lithuania lost its relevance after it sold its stakes in Lietuvos Dujos (Lithuanian Gas) and Amber Grid for 164 million US dollars, more than it sought for in the arbitration case. […]
Gazprom has withdrawn its claim against Lithuania over the implementation of the European Union’s (EU) Third Energy Package. […]
A Vilnius court on Wednesday started hearing Gazprom‘s request to grant it full access to documents regarding a fine of almost 35.7 million euros imposed on the Russian gas giant by the Lithuanian competition watchdog. […]
The Lithuanian government plans to earmark additional 3.14 million euros for litigation with Russia’s Gazprom at the United Nations’ arbitration court (UNCITRAL, United Nations’ Commission on International trade Law). […]
EU leaders discussed the European Commission’s proposal for building an energy union, which aims to strengthen EU policies in five key areas – ensure transparent and secure energy supplies, complete the EU internal energy market, increase energy efficiency, promote innovations and pursue efforts for more renewable energies. […]
Klaipėda is getting ready for the construction of the Liquefied Natural Gas (LNG) distribution station. Energy company Klaipėdos Nafta as that together with the French company Sofregaz it is entering the stage of project preparation and environmental assessment. […]
Lithuania now has more possibilities to import natural gas than it had before and in the future it will hold gas supply negotiations with Russia only on a commercial basis, Energy Minister Rokas Masiulis said after meeting with Russia’s ambassador to Lithuania in Vilnius on Thursday. […]
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