CORPORATE
Energy
Energy
NordBalt drives Lithuanian electricity prices down to record lows
The operation of the electricity interconnector between Lithuania and Sweden pushed electricity prices down to record lows in Lithuania last week, according to Litgrid, as it started to operate in test mode. […]
CORPORATE
Energy
Baltic grid synchronization plan expected by summer, EC vice-president says
The European Union’s (EU) researchers will draw up proposals by summer identifying the best ways to synchronize electricity grids of the Baltic countries and Western Europe, Maroš Šefčovič, the European Commission’s Vice-President for the Energy Union, has said while on a visit to Lithuania. […]
Energy
Energy
Litgas and Statoil sign revised gas supply contract
Lithuania’s gas trade company Litgas, which is part of the state-owned energy holding Lietuvos Energija (Lithuanian Energy), on Thursday signed a revised LNG supply contract with Norway’s Statoil. […]
European Union
EC proposal calls for more power to intervene in member states’ gas supply agreements
The European Commission has presented a package of proposals to ensure the Eropean Union’s energy security, including a measure allowing the EC to review and block member states’ agreements with third-country gas suppliers if they threaten other members’ energy security. […]
CORPORATE
New LNG shipment to Lithuania on Independence Day marks new era
New gas tanker with Statoil natural gas reached the Klaipėda LNG terminal yesterday on Independence day, marking a new phase in Lithuania’s move away from dependence on Russian gas supplies. […]
Energy
Washington-based arbitration centre accepts Veolia’s claim against Lithuania
The International Center for Settlement of Investment Disputes (ICSID) in Washington has accepted a request to arbitrate between France‘s Veolia group and the Lithuanian government. […]
Uncategorized
Energy
CORPORATE
Belarus will not retaliate over Lithuania blocking nuclear plant, says Masiulis
The Lithuanian government does not expect Belarus to take retaliatory measures against Lithuania over the country trying to block the construction of a new Belarusian nuclear power plant at Astravyets, said Energy Minister Rokas Masiulis. […]
CORPORATE
CORPORATE
Energy
CORPORATE
Lithuania one of the biggest energy importers in EU
Lithuania‘s dependency on energy imports in 2014 was one of the largest among the 28 European Union countries. […]
CORPORATE
CORPORATE
Wind powered 25% of Lithuanian domestic electricity in 2015
Wind power represented a quarter of domestic Lithuanian electricity production in 2015 with the amount of electricity generated by wind also increasing by over 25% year on year. […]
Energy
Energy Minister claims Veolia allegations ‘are unfounded’
Most of Veolia‘s allegations against Lithuania seem to be unfounded, said Lithuanian Energy Minister Rokas Masiulis on Monday. Masiulis was commenting on the French group’s request for arbitration in which it is seeking around €100 million in compensation from the Lithuanian state for allegedly unfair treatment and expropriation of its Lithuanian assets. […]
CORPORATE
Partnership with Poland should be Lithuania’s key foreign policy priority, says former ambassador to US
Many in Lithuania have been criticizing Poland‘s new government, but former Lithuanian ambassador to the US Žygimantas Pavilionis believes that the return of a strategic partnership between Poland and Lithuania should be our greatest foreign policy priority. According to Pavilionis, those now criticising the Polish government are the same people that accepted Barack Obama‘s attempts to reset the US relationship with Russia and improve the EU’s relationship with Russia. […]