The EU needs to invest in the electricity sector if EU targets to reduce emissions and boost growth are to be met, according to the president of European electricity industry association, Eurelectric, Antonio Mexia, who […]
Remigijus Lapinskas was elected as the new president of the World Bionenergy Association in Istanbul. For many years Mr. Lapinskas has headed the Lithuanian biomass energy association Litbioma. “The fact that I was elected to […]
Lithuania’s energy price regulators have released new rates of electricity for household users, cutting the price 5.4% on average. The new rates, set by the National Commission for Energy Control and Prices, will come into […]
Russian Prime Minister Dmitry Medvedev has signed a decree under which Kaliningrad’s port limits should be expanded to accommodate a new Gazprom LNG terminal, writes Andrzej Kublik at gazeta.pl. Gazprom plans to install a terminal […]
When NATO leaders gather in Warsaw on July 8 to 9, they will announce steps to beef up the alliance’s conventional force presence on its eastern flank. NATO also will shortly announce that the SM-3 missile defense site in Romania has achieved operational status. These moves will spur the Kremlin, with some fanfare, to announce military “countermeasures.” But those will be steps that Moscow almost certainly intends to take in any case. […]
Lithuanian households will be paying about 5.5% less for electricity as of July, says the state-run electricity and gas distribution company Energijos Skirstymo Operatorius (ESO). The company’s board have signed off on the new pricing […]
Lithuania‘s Kruonis pumped storage power plant was activated again on Wednesday night to provide an emergency power supply when the electrical interconnection with Sweden, NordBalt, was disconnected, . The pumped storage plant maintained electricity supply […]
The Baltic States are considering creating a single gas market that would facilitate gas trading among the three countries and may include Finland. […]
Lithuania may run short of funds needed to decommission its defunct Ignalina Nuclear Power Plant. The plant’s director Darius Janulevičius says that decommissioning works might require additional €1.2 billion, but the European Union refuses to […]
Electricity production and distribution group Inter Rao Lietuva reports a 37% slump in net profits in the first quarter 2016. The company says it was hit by disruptions in electricity supply via the new interconnection […]
EU has released the first tranche of funding to build a natural gas connector between Poland and Lithuania. Innovation and Networks Executive Agency (INEA) has transferred the first EU support payment to AB Amber Grid […]
Estonian renewable energy company Nelja Energia has begun energy production at its 60MW wind farm in Šilutė in the south west of Lithuania, its biggest wind farm in the Baltic States. The wind farm will […]
Lithuania’s national gas trading company Litgas has made a profit of €4.9 million on revenues of €209 million in 2015. The company, which is a subsidiary of state-owned Lietuvos Energija (Lithuanian Energy) started to sell […]
Lithuania’s Parliamentary Energy Commission met to discuss a study on the technical means to restrict electricity produced at the Astravyets nuclear power plant from entering Lithuania. The authors of the study said all the investigated […]
Lithuania’s Energy Minister Rokas Masiulis has said that Lithuania is still looking to purchase the Norwegian-owned LNG terminal moored in Klaipėda port in an effort to reduce gas prices in Lithuania further. Masiulis was speaking […]
Two of Europe’s largest energy companies, Statoil and E.ON have launched a €1.2 billion joint venture to develop the largest offshore wind farm in the Baltic sea. Over 60 6MW turbines will be located at […]
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