Energy Minister Rokas Masiulis says that the arbitration case to be filed against Lithuania by the French group Veolia is a distraction tactic, adding that the government might counter-sue over violations by its subsidiary Vilniaus Energija. […]
The French group Veolia, which owns heating companies in Lithuania, is suing the country for €100 million at the International Centre for Settlement of Investment Disputes (ICSID) in Washington. Veolia is demanding compensation for losses it allegedly sustained due to unfair treatment by the Lithuanian government. […]
Fortum Klaipėda heat and power plant, which runs on waste and biofuel, produced a record 416GWh of heat and 143GWh of electricity during 2015. […]
France‘s Veolia, which owns energy companies Vilniaus Energija and Litesko in Lithuania, is set to announce its plans regarding its Lithuanian assets. Sources say the French company might be leaving the Lithuanian market. […]
Vilniaus Energija, the Lithuanian energy company owned by France’s Veolia (formerly Dalkia), has failed to convince a court that it should be reimbursed €19 million it overpaid for Gazprom gas. […]
Lithuania’s gas company Litgas has concluded negotiations with Norway’s Statoil to review it’s five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania’s LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says. […]
The state-owned energy group Lietuvos Energija has acquired two wind farms in Lithuania and Estonia, adding 42.3MW to its energy production capacity. […]
Lithuanian Prime Minister Algirdas Butkevičius says that an agreement of an agreement with the Norwegian gas company Statoil have already been agreed in order to review the price of liquefied natural gas (LNG) supplied via the LNG Terminal. The head of Government said that the agreement is expected to be signed soon. […]
Russia’s energy minister said a second gas pipeline, Nordstream 2, that will bypass the Baltic States and Poland to supply Germany directly with natural gas was a key energy project for Russia in 2016. […]
The European Commission is working “in two directions” on an anti-monopoly investigation of Russia‘s gas company Gazprom, EU competition commissioner Margrethe Vestager said. […]
Electricity shortages and a sharply increased electricity price on Monday forced the grid operator to turn on the combined cycle gas generating unit at Elektrėnai power plant. […]
Lithuania is demanding that the construction of a Russian-funded nuclear power plant in Astravyets, Belarus, will meet international standards. The plant is only 50km from Lithuania‘s capital Vilnius, meaning in the case of an accident, the city would be in plant’s evacuation zone. […]
Several dozen energy specialists and politicians have criticised the Lithuanian government’s decision to discontinue electricity production subsidies for combined heat and power plants in Vilnius, Kaunas and Panevėžys. They said that the decision will increase consumers’ electricity and heating bills, while the country will not have sufficient backup electricity generation power. […]
Russian oil will be once again supplied to the Orlen Lietuva oil refinery in Mažeikiai as the new head of the company Wojciech Jasinski is increasing raw material imports from Russia, newspaper Gazeta Wyborcza reports. […]
Prime Minister Algirdas Butkevičius says the euro introduction, power interconnections with Poland and Sweden, and reforming the Labour Code are Lithuania’s three biggest achievements of 2015. He also reviews the country’s future plans for 2016 on TV programme Alfa Savaitė. […]
2015 was an intense year full of changes in Lithuania’s energy sector. The Ministry of Energy compiled a list of the ten most important events that have affected the energy sector and consumers the most. […]
Energy experts have urged the Lithuanian government not to close down combined heat and power plants which they say could upset security of electricity supply. […]
The National Commission for Energy Control and Prices has fined UAB Vilniaus Energija €600,000 for failing to provide required information during an audit of the company‘s activities in 2012-2014. […]
The cost of gas for residents and businesses in Druskininkai could treble in the next year if the spa town in south Lithuania cannot find an alternative to an extremely unfavourable gas supply deal with Gazprom. […]
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