The Lithuanian government on Wednesday is to submit its final documents to a Stockholm arbitration tribunal in its multi-billion-litas suit against Russia’s gas supplier Gazprom over unfair pricing. […]
In 2015 natural gas price in Lithuania will increased by LTL 102 (EUR 29.5) per thousand cubic metres in order to cover the cost of building Klaipėda’s Liquefied Natural Gas (LNG) terminal. […]
Lithuania would only build an underground natural gas storage facility in Syderiai, north-west Lithuania, if it obtained the European Union’s (EU) support for the 300-million-euro project and if it failed to agree with Latvia on access to the Incukalns storage facility, energy minister has said. […]
Lithuania could ship natural gas from Klaipėda to Belarus only by rail as volumes would be too low to make investing in infrastructure worthwhile, Arvydas Sekmokas, a former Lithuanian energy minister, said on Tuesday. […]
The first shipment of liquefied natural gas (LNG) was pumped into Lithuania’s new floating LNG terminal, the Independence, which docked at the port of Klaipėda on Monday. Part of the shipment was intended to test the terminal – according to specialists, its systems work flawlessly. […]
The United States should find a possibility to secure the supply of natural gas to Lithuania and other small countries, US Senator James Inhofe has said in a letter to President Barack Obama. […]
On Tuesday morning, the LNG tanker Golar Seal is bringing a test cargo of the liquefied natural gas (LNG) – around 107,000 cubic metres of gas – to Klaipėda LNG terminal. […]
Compensation to non-household users for the overpayment for natural gas may qualify as state aid, the Competition Council told the Cabinet on Monday in comments about a decision drafted by the Energy Ministry. […]
The European Commission recommends Estonia, Latvia, Lithuania and Finland to start preparing for an emergency situation immediately since if Russian gas taps were turned off, Estonia, for example, would run out of gas in 4-5 days, Eesti Paevaleht writes. […]
If gas supplies from Russia to Lithuania, Latvia and Estonia were to be disrupted, the soon-to-be-commissioned liquefied natural gas (LNG) facility in Klaipėda would ensure the supply for customers in all three Baltic countries, the European Commission (EC) has said. […]
Energy Minister Rokas Masiulis says that the price of gas supplied through the Liquefied Natural Gas (LNG) terminal will be determined by the international market as it will be calculated based on the United Kingdom‘s National Balancing Point (UK NBP) gas prices. […]
Once Japan restarts its nuclear capabilities, it will reduce its reliance on LNG. As a result, global LNG prices should drop, benefiting European states that are eyeing LNG as an alternative to Russian gas. This is particularly crucial for such Eastern European states as Lithuania and Poland that have placed great hopes in their liquefied natural gas (LNG) terminals in Klaipėda and Świnoujście. […]
Russia‘s Energy Minister Alexander Novak has told a German newspaper that European countries cannot re-export Russian gas to Ukraine due to contract reasons, and hinted those that do could face gas cuts, Reuters reports. […]
Prime Minister Algirdas Butkevičius does not give prominence to the environment minister’s concerns that if a three-year tax exemption on shale gas extraction is applied, a deposit would be depleted in that time and the state would not receive income. […]
Lithuanian Prime Minister Algirdas Butkevičius is planning a visit to the United States where he will meet with representatives of the US energy company Chevron to inform them about changes in the regulatory environment regarding shale gas exploration in Lithuania. […]
The liquefied natural gas (LNG) floating storage, which at the beginning of the year was solemnly named “The Independence”, and will start functioning this December, will be stationed alongside the quay on the island of Kiaulės Nugara (Pig’s Back). However, if necessary, it will be able to depart from the quay and transport gas, says Indra Milinienė, communications manager of Klaipėdos Nafta, the company implementing the LNG Terminal project. […]
The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license. […]
In case of natural gas supply disruptions from Russia, Lithuania’s natural gas stocks for small volume household users would last for about a month, says Dalius Misiūnas, head of the state-controlled energy company Lietuvos Energija. […]
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