Energy

Lietuvos Energija says international investors interested in building cogeneration power plants

The state-controlled energy group Lietuvos Energija, which develops new cogeneration power plant projects in Vilnius and Kaunas, has attracted particular interest of potential partners with 24 legal entities from 10 different states expressing an interest to participate in the development of power plant projects, Lietuvos Energija says in a statement. […]

Economy

Lithuanian oil refinery under financial strains

The effects of negative macroeconomic climate for oil refining sector and the results of tests for impairment of fixed assets required according to financial standards, significantly affected the level of ORLEN Lietuva financial results in H1 2014, said the company in a statement. […]

Floating storage and regasification unit Independence
Energy

Vessel bound for Klaipėda LNG terminal reaches Red Sea

The Independence, the floating storage and regasification unit (FSRU) built for Lithuania’s liquefied natural gas (LNG) terminal in Klaipėda, has reached the Red Sea. […]

Leif Arne Ulland
Uncategorized

Norway to support energy security projects in Lithuania

Lithuania’s priority projects in the field of energy security will also be financed under the Norwegian Financial Mechanism in the future. The Minister of Foreign Affairs of Lithuania Linas Linkevičius and Norway‘s outgoing Ambassador to Lithuania Leif Arne Ulland discussed this and other key areas of the bilateral partnership on monday, the MFA said. […]

Gas pipeline
Energy

Amber Grid signs gas pipeline construction contract

On Friday, having received an ascent of the Board of Directors, Lithuania’s Amber Grid, which runs the country’s gas distribution infrastructure, signed contracts on works of the construction of gas pipeline Klaipėda-Kuršėnai and the purchase of pipes necessary for the construction, Amber Grid informs. […]

Ignalina Nuclear Power Plant
Energy

Ignalina nuclear plant CEO: Decommissioning process under control

The chief executive officer of Lithuania’s Ignalina Nuclear Power Plant (INPP), which is carrying out multi-billion-litas closure projects, says that donors are satisfied with the current pace of work and progress achieved and that the decommissioning process is now under control, following several years of delays. […]

Gas
Energy

PM Butkevičius: Gazprom’s exit means Lithuania first in Baltics to unbundle gas sector

Gazprom’s decision to sell its Lithuanian assets could be due to the German energy group E.ON’s exit and the EU Third Energy package requirements, Prime Minister Algirdas Butkevičius said on Tuesday, adding that the Russian group’s withdrawal means that Lithuania will be the first of the three Baltic countries to unbundle the gas sector. […]