Lithuania’s government is starting to discuss ways to spend approximately 1.4 billion euros, which it may receive as compensation from Gazprom if the Stockholm arbitration court sides with Lithuania in its dispute with the Russian gas giant. […]
Klaipėda is getting ready for the construction of the Liquefied Natural Gas (LNG) distribution station. Energy company Klaipėdos Nafta as that together with the French company Sofregaz it is entering the stage of project preparation and environmental assessment. […]
Lithuania may become the first country to receive liquefied natural gas (LNG) from the United States and, considering the agreements being signed, this might happen early next year, Foreign Minister Linas Linkevičius has said. […]
State-owned energy company group Lietuvos Energija (Lithuanian Energy) intends to merge electricity and gas distribution network operators, AB LESTO and AB Lietuvos Dujos (Lithuanian Gas). It is said that the synergy of the two companies will enable to increase the group’s efficiency, reduce operating costs and create additional benefits to electricity and natural gas consumers. […]
Lithuania’s Energy Minister Rokas Masiulis, who returned from his visit to the United States, says the Liquefied Natural Gas (LNG) Terminal as well as Lithuania’s strong stance on energy security has opened many doors. […]
On Tuesday, the Lithuanian Minister of Energy, Rokas Masiulis, met with his American counterpart, Dr. Ernest Moniz, the Secretary of Energy. The meeting at the Department of Energy in Washington, DC, focused on energy security and discussing potential exports of US liquefied natural gas (LNG) to Lithuania. […]
The situation in Lithuania has radically changed with the launch the Klaipėda liquefied natural gas (LNG) terminal and negotiations with Russia’s gas giant Gazprom on a new gas supply contract are no longer as important for the country as they were in the past, Energy Minister Rokas Masiulis says. […]
At the meeting of the Government it has been proposed to create a single natural gas market. A working group initiated by the Ministry of Energy has proposed to merge energy resource exchange UAB Baltpool and natural gas exchange UAB GET Baltic. […]
The European Commission (EC) stated on Wednesday it is continuing the investigation into suspected competition violations by the Russian gas company Gazprom, thus denying media reports about the probe having been suspended. […]
At the 8th annual European Gas Conference 2015, in Vienna, petroleum company Klaipėdos Nafta won the Project of the Year award for the implementation of the Liquefied Natural Gas (LNG) Terminal project. […]
Natural gas supply and trading company Litgas, part of Lietuvos Energija energy company group, will start supplying natural gas to Estonia from February. Litgas is the first company in Lithuania and one of the first in the Baltics which will supply natural gas to customers in other countries, the company said. […]
Lithuanian President Dalia Grybauskaitė on Wednesday accused Russia‘s gas giant Gazprom of using gas for political pressure after Russian Deputy Prime Minister Arkady Dvorkovich said in a discussion in Davos that alternatives to Russian gas would be more expensive for Europe. […]
According to the data of the Lithuanian Geological Survey (LGT) under the Ministry of Environment, the Šilutė-Tauragė area (in Western Lithuania) sows promise for extracting hydrocarbons, especially oil. It is therefore planned to announce a tender for exploration and extraction of these resources. […]
State company Klaipėdos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4 percent than during December 2013, when 380 thousand tonnes were reloaded. During December 2014 more oil products from the main client of the company Orlen Lietuva as well as from refineries of the Republic of Belarus were reloaded, compared to transhipment during December 2013, also during December 2014 additional heavy oil products from refineries of Russian Federation were reloaded, Klaipėdos Nafta announced. […]
The crisis in Ukraine, and in particular Russia‘s recent cancellation of the South Stream natural gas pipeline project, has had substantial ripple effects on the energy dynamics on the European continent. The Russians and Europeans both have put forth several potential replacements for the now scrapped pipeline, with Turkey likely to play a pivotal role either way. […]
Lithuania’s court should recognize the Stockholm arbitration tribunal’s decision regarding Gazprom‘s gas price for Lithuania, according to the advocate general at the European Court of Justice (ECJ). […]
Lithuania’s 500-million-litas (EUR 145m) liquefied natural gas (LNG) facility, which is the country’s first alternative to Russian gas supplies and which the government believes could become a regional terminal, is officially launching operations on Wednesday, but Latvia and Estonia will have to wait until they are able to make use of its full potential. […]
Lithuania’s liquefied natural gas (LNG) terminal in Klaiėeda, which took a year and a half to build and cost around 500 million litas (EUR 145m), is officially launching operations on Wednesday. […]
Klaipėdos Nafta (Klaipėda Oil), the developer of Lithuania’s liquefied natural gas (LNG) terminal project, has signed a 20-year, 34.754-million-euro loan agreement with the Nordic Investment Bank (NIB). […]
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