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. […]
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. […]
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. […]
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). […]
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. […]
In October, Estonian and Finnish gas companies, with the support of the national governments, jointly applied to the European Commission for financing of the construction of Balticconnector – the transmission pipeline network that would connect the gas networks of the two countries. Reaching an agreement and submitting the application marks a very important intermediary stage, writes the Chairman of the European Union Affairs Committee of the Estonian parliament Kalle Palling (Reform Party). […]
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. […]
Vilnius Regional Administrative Court has rejected OAO Gazprom‘s compliant against Lithuania’s Competition Council. […]
The Supreme Court of Lithuania ruled on Friday to uphold a verdict passed by Stockholm Arbitration court which bound Lithuania not to adjudicate in a dispute with Gazprom. […]
Representatives of Poland, Lithuania and the European Commission signed a funding agreement for the Gas Interconnection Poland-Lithuania (GIPL) on Thursday, securing the EU’s funding for the project that will enable free gas flow between Poland and the Baltic states. […]
An agreement on financial assistance for the Gas Interconnection Poland-Lithuania (GIPL) project was signed at the European Commission‘s building Berlaymont on Thursday. […]
As natural gas consumption has dropped drastically in the energy sector, the minimum quantity of natural gas required for the operation of the Liquefied Natural Gas (LNG) Terminal will twice surpass the projected demand by energy producers. The designated supplier, company Litgas, forecasts that due to such changes in the market the average gas purchase price for energy producers may rise by approximately 50 percent. This shows that the existing designated supply model is no longer sustainable. […]
The Seimas of Lithuania, parliament, on Tuesday returned the amendments to the Law on the Liquefied Natural Gas (LNG) Terminal for improvement. […]
Lithuania may expect financing for its energy projects from the 315-billion-euro European Fund for Strategic Investments (EFSI, the so-called Juncker Plan), Jyrki Katainen, Vice-President of the European Commission, has said in Vilnius. […]
With Israel set to launch massive liquefied natural gas production in 2016, Lithuania could begin talks on gas imports “at specialists’ level” as soon as next year, Prime Minister Algirdas Butkevičius said. […]
Klaipėdos Nafta (Klaipėda Oil), Lithuania’s state-run company managing oil and liquefied natural gas (LNG) terminals, has issued a call for tenders to secure a loan of up to EUR 300 million. The money would be partly used to pay for the rent of the LNG storage vessel. […]
Elering reported that in July this year, gas traders imported 4.4 million cubic metres of natural gas from Lithuania, according to Aripaev Online. […]
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