Energy
Lithuania’s Constitutional Court rules fracking is OK
The Constitutional Court of Lithuania ruled on Wednesday that hydraulic fracturing waste can be buried underground. […]
Energy
Energy
LNG price calculation methodology approved
The National Commission for Energy Control and Prices has approved a methodology which will be used to set liquefied natural gas (LNG) prices for heat and electricity producers who are obliged to buy a set share of their gas from the LNG terminal in Klaipėda. […]
Energy
Official launch of LitPol Link and NordBalt marks new era of Lithuanian energy
Lithuanian leaders and their counterparts from the Baltic states and Poland are on Monday officially inaugurating the interconnections LitPol Link and NordBalt, lauded as key projects to usher the country into the new era of energy independence. […]
Energy
Energy connections vital for Lithuanian energy security being tested
The system tests for NordBalt and LitPol Link, energy connections vital for promoting Lithuanian energy independence and security, are now under way. […]
Energy
Merger of Lithuania’s electricity grid operator and gas company goes ahead
Lithuanian electricity grid operator LESTO is merging with the gas company Lietuvos Dujos. The purpose of the merger is to optimise the operations, and reduce costs so that consumers can pay less for gas and electricity, according to Energy Minister Rokas Masiulis. […]
Energy
Lithuanian PM accuses district heat provider Vilniaus Energija of foul play
Prime Minister Algirdas Butkevičius has accused district heat provider Vilniaus Energija of foul play after it stated that heating prices in Lithuania’s capital would grow due to the obligation to purchase part of gas from the Klaipėda Liquefied Natural Gas (LNG) terminal. The prime minister said the company was ending the year how it had begun it – with strange manipulations when purchasing fuel and with heating prices in Vilnius higher by one quarter. […]
Energy
Lithuanian LNG business seeks Dutch experience
The first Lithuanian-Dutch liquefied natural gas (LNG) forum was held on Monday. In the opening address, Lithuanian Energy Minister Rokas Masiulis emphasised the possibility to take advantage of the Dutch experience in developing LNG business in the Baltic region. […]
2015 breakthrough year for Baltic energy independence, Minister Linkevičius says
During the 21st Baltic Council at the Seimas (Parliament) on 20 November, Minister of Foreign Affairs of Lithuania Linas Linkevičius underlined the need to further strengthen security in the region and stressed the importance of ensuring energy independence, the Ministry of Foreign Affairs said. […]
European Union
Lithuanian PM meets with EC vice president to discuss energy
Prime Minister of Lithuania Algirdas Butkevičius met with Vice President of the European Commission (EC) in charge of the Energy Union Maroš Šefčovič in Brussels on Thursday. According to the prime minister, establishing the internal energy market in Europe is a priority objective for Lithuania. […]
Energy
Lithuanian consumers pay least for gas in region, EC says
Both household consumers and industrial companies in Lithuania pay the smallest price for gas in the region, according to the newest report on European gas markets by the European Commission (EC). […]
Energy
Lithuania will be first recipient of US gas in Europe
Lithuania will be the first country in Europe to receive a shipment of liquefied natural gas (LNG) from the United States, sources confirm. […]
Energy
Lithuanian parliament endorses new LNG terminal financing model
The Lithuanian parliament approved the new LNG terminal financing model on Tuesday, as the old model would have resulted in higher heating prices next year. […]
Uncategorized
Belarus to discuss Astravyets NPP with Lithuania in December
Belarus has said the country’s experts will respond to all questions that Lithuania has raised about safety issues of its planned Astravyets Nuclear Power Plant in December. […]
Uncategorized
PM Butkevičius rejects reports of agreement between Lithuania and Belarus on Astravets NPP
Lithuanian Prime Minister Algirdas Butkevičius has denied reports published by the Russian media, claiming that Lithuania and Belarus had agreed on the construction of Astravets Nuclear Power Plant (NPP) as required by the Espoo convention regarding environmental impact assessment. […]
Energy
Klaipėda LNG Terminal one year on – independence or responsibility?
On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]
Energy
Lithuania’s Litgrid and INEA sign agreement on partial LitPol Link funding
Litgrid, the Lithuanian electricity transmission system operator, and the European Union Innovation and Networks Executive Agency (INEA) have signed an agreement on partial LitPol Link project funding. […]
Energy
Lithuanian Gas and LESTO to be merged into Energy Distribution Operator
The Nasdaq stock exchange announced on Monday about reorganization of AB LESTO, Lithuania’s electricity distribution network operator, and Lietuvos Dujos (Lithuanian Gas). […]
Energy
Energy
Contention over one-year-old LNG terminal continues
On this day last year, the floating LNG regasification and storage unit Independence sailed into the port of Klaipėda. The LNG terminal is a crucial element in Lithuania’s striving for energy independence from Russian gas and electricity imports, but arguments continue about who is going to pay for the facility’s maintenance. […]
Energy
One year of Lithuania’s LNG terminal: No one can cut off our gas
One year after Lithuania inaugurated its liquefied natural gas (LNG) terminal in Klaipėda, Energy Minister Rokas Masiulis says that the facility has brought security and competition for the first time in Lithuania’s gas market history and can be called a regional terminal. […]