Energy
Energy
Energy
Russia threatens EU with gas cuts for re-exporting to Ukraine
Russia‘s Energy Minister Alexander Novak has told a German newspaper that European countries cannot re-export Russian gas to Ukraine due to contract reasons, and hinted those that do could face gas cuts, Reuters reports. […]
Energy
Stockholm arbitration to hear Lithuania’s claim against Gazprom next year
Stockholm arbitration court will hear the Lithuanian government’s multi-billion-litas suit against Russia’s gas supplier Gazprom over unfair gas pricing next summer, Prime Minister Algirdas Butkevičius said on Thursday. […]
Foreign affairs
President Grybauskaitė at UN Climate Summit: Energy security is global issue
At the Climate Summit in New York, Lithuanian President Dalia Grybauskaitė underlined that to make a difference in tackling climate change it was necessary not only to reduce pollution, but also to place a greater global focus on energy security and efficiency, the presidential press service said. […]
Energy
Lithuanian PM defends tax exemption on shale gas extraction
Prime Minister Algirdas Butkevičius does not give prominence to the environment minister’s concerns that if a three-year tax exemption on shale gas extraction is applied, a deposit would be depleted in that time and the state would not receive income. […]
Politics
President’s requirements for energy minister were transparency and professionalism, adviser says
Chief Advisor to the President on national security, Valdemaras Sarapinas, said President Dalia Grybauskaitė took into consideration two attributes, professionalism and transparency, when appointing Rokas Masiulis as Minister of Energy. […]
Energy
High expectations for Lithuania’s new Energy Minister
Rokas Masiulis, the CEO of Klaipėdos Nafta (Klaipeda Oil) who was on Monday appointed as the country’s new energy minister, says that he has already discussed the energy sector’s prospects with Loreta Graužinienė, the leader of the Labour Party which delegated him to the post. […]
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. […]
Energy
PM to try to persuade Chevron to come back to Lithuania
Lithuanian Prime Minister Algirdas Butkevičius is planning a visit to the United States where he will meet with representatives of the US energy company Chevron to inform them about changes in the regulatory environment regarding shale gas exploration in Lithuania. […]
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. […]
Energy
Lithuanian government approves investor-friendly shale gas tax scheme
The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license. […]
Energy
Lithuanian PM expects new shale gas taxation rules to be adopted this autumn
Lithuanian Prime Minister Algirdas Butkevičius expects that the government and the parliament will approve new rules for taxing shale gas exploration and production this autumn. He also hopes the rules will be favourable for investors and will open the way for launching a new tender for a shale gas production license. […]
Energy
Natural gas stocks would last a month for Lithuania’s household users in case of gas cut-off
In case of natural gas supply disruptions from Russia, Lithuania’s natural gas stocks for small volume household users would last for about a month, says Dalius Misiūnas, head of the state-controlled energy company Lietuvos Energija. […]
Energy
Uncategorized
Lithuanian foreign minister urges to speed up EU energy integration at NB8 meeting
Lithuanian Foreign Minister Linas Linkevičius says that the European Union has to create a common energy market as soon as possible, with the Baltic region fully integrated into it. […]
European Union
Energy
Energy