The Baltic countries still have no final answer to the question of whether the multi-billion-euro project for building a new nuclear power plant in Visaginas, in eastern Lithuania, would be sufficiently competitive, Lithuanian Deputy Energy Minister Aleksandras Spruogis said on Friday, adding that the partners remain interested in the project. […]
Lithuanian President Dalia Grybauskaitė has met the Hitachi executive in Davos and says the Japanese energy company is still interested in the Visaginas nuclear power plant project in Lithuania and investments into Lithuania’s other economic sectors. […]
Lithuanian President Dalia Grybauskaitė on Wednesday accused Russia‘s gas giant Gazprom of using gas for political pressure after Russian Deputy Prime Minister Arkady Dvorkovich said in a discussion in Davos that alternatives to Russian gas would be more expensive for Europe. […]
Lithuania’s President Dalia Grybauskaitė is leaving for the Swiss ski resort of Davos on Wednesday to attend the prestigious World Economic Forum. […]
According to the data of the Lithuanian Geological Survey (LGT) under the Ministry of Environment, the Šilutė-Tauragė area (in Western Lithuania) sows promise for extracting hydrocarbons, especially oil. It is therefore planned to announce a tender for exploration and extraction of these resources. […]
Dalius Misiūnas, CEO of Lithuania’s energy group Lietuvos Energija (Lithuanian Energy), is going to Davos to take part in an energy discussion. […]
Lithuania shall review its energy strategy in the light of geopolitical environment, President Dalia Grybauskaitė has said, adding that the country should use changes in the energy sector to its advantage. […]
On January 14, in Riga, the ministers responsible for energy policy in the three Baltic states signed the Declaration on Energy Security of Supply of the Baltic States, the Ministry of Energy reports. […]
In November, the Russian K-550 nuclear ballistic submarine Alexander Nevsky, submerged in the Barents Sea between Russia and the North Pole, successfully launched a missile that travelled its prescribed course to Kamchatka in Russia’s far east. The Alexander Nevsky thus joins two other Russian nuclear submarines, which have, in the course of the autumn, conducted successful ballistic missile tests. […]
A possibility to explore and extract shale gas interests several energy companies from the United States, says Prime Minister Algirdas Butkevičius. […]
Lithuanian President Dalia Grybauskaitė said on Wednesday that the government has to give priority to completing ongoing energy projects, rather than thinking about new ones. […]
The Lithuanian Geological Survey (LGT) has launched a strategic environmental impact assessment (EIA); its findings will determine whether oil could be extracted in the so-called Kaltinėnai field stretching across the counties of Telšiai, Šiauliai and Tauragė. […]
In the first week of January the average electricity price in Nord Pool Spot power market Lithuanian trading zone went up and reached EUR 43.45 per megawatt hour, electricity transmission system operator Litgrid announced. […]
The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since last spring. LitPol Link and NordBalt will be put into operation after twelve months, at the end of 2015, Lithuanian electricity transmission system operator Litgrid said in a statement. […]
The liquefied natural gas (LNG) terminal in the Lithuanian port city of Klaipėda officially opened its commercial operations on the first day of 2015 to provide the first alternative to Russian gas. […]
Key tasks of the Lithuanian government next year will include search for new markets, fight against shadow economy and successful implementation of energy projects, the prime minister has said. […]
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. […]
If, hypothetically, Russia imposed a gas embargo on Lithuania and the country would have to look for alternatives at a 50-to-100-percent surcharge, then in the first year of such an embargo Lithuania’s economy would lose LTL 1.6-1.9 billion (EUR 467-550 million), which is about what the country has invested in the pipeline connections with Poland and the LNG terminal. […]
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