Energy
Gas
European Union
Energy
Economy
Head of Lithuanian Gas resigns
The Board of Directors of Lithuania’s gas company Lietuvos Dujos accepted the resignation of general manager Viktoras Valentukevičius, the company informs. […]
Energy
Lithuania to have gas link with Poland in 2020-2024
Lithuanian-Polish gas link project should be implemented in 2020-2024, Prime Minister Algirdas Butkevičius says. […]
Energy
LNG vessel to be protected on its way to Lithuania
The Independence, the floating storage and regasification unit (FSRU) built for Lithuania’s liquefied natural gas (LNG) terminal in Klaipėda, will be protected while on its way to Lithuania and should reach the terminal by November, says Prime Minister Algirdas Butkevičius, adding he cannot specify the precise date. […]
Opinion
Opinion: Breaking free from Gazprom is of political and economic benefit
Russian intervention in Ukraine has refocused the attention on the traditional military and security challenges, but the factors that made it possible for today’s Russian attempts to revise the European security architecture should not be forgotten. Primarily, this was the result of the processes in the energy sector that go forward only because of reasoned calls of a part of intellectuals for Europe to stop funding of Vladimir Putin’s regime. […]
Energy
Poland and Lithuania apply for EU support to connect their gas transmission systems
On Tuesday, Poland‘s and Lithuania’s natural gas transmission systems operators GAZ-SYSTEM S.A. and AB Amber Grid submitted joint applications to the Innovation & Networks Executive Agency (INEA) for the co-financing of the project Gas Interconnection Poland-Lithuania (GIPL) from Connecting Europe Facility (CEF), Lithuania’s Ministry of Energy informs. […]
Energy
Lithuania’s gas security: Risks and opportunities
There is a long-held view that the Russian gas supply to Lithuania is unlikely to be cut-off because Lithuania serves as a gas transit state to the Russian territory of Kaliningrad. In other words, the same gas pipeline feeding Lithuania, also supplies the Russian enclave. According to this argument, Moscow would be hesitant to turn off the gas supply to Lithuania because it would result in an automatic cut in the gas supply to Kaliningrad. […]
Energy
Winter and Gazprom won’t wait: What the geopolitics of LNG will mean for the people of Ukraine and Europe
As the crisis in Ukraine is escalating with the prospect of Russian military intervention, there is every reason to believe that Vladimir Putin will use other weapons at his disposal. Thus European nations are increasingly – and justifiably – worried about the impending winter months when Russia could ratchet up the pressure on Europe, as it has done in the past, by imposing another gas halt with the consequent loss of life and negative economic impacts. […]
Energy
Norwegian Ambassador on the LNG terminal: Norway and Lithuania have reached new phase in energy cooperation
Norway is among the leading nations in the global energy industry and Lithuania’s strategic partner in the Klaipėda LNG Terminal project, the centrepiece of the country’s energy independence strategy. Norway’s Ambassador to Vilnius Leif Arne Ulland says it has not been an easy battle, but Lithuania is confidently moving forward. […]
Energy
Russia unlikely to cut gas supply to Lithuania, energy minister says
Lithuania’s Minister of Energy Jaroslav Neverovič sees no reason for Russia, who has become subject to sanctions imposed by Western states, to take measures against Lithuania such as a gas embargo. […]
Uncategorized
Russia unlikely to cut gas for Lithuania as Kaliningrad would suffer
Russia is unlikely to impose any restrictions on natural gas exports to Lithuania as this would affect its Baltic Sea exclave of Kaliningrad, a SEB Bankas economist said on Monday. […]
Energy
Vessel bound for Klaipėda LNG terminal reaches Red Sea
The Independence, the floating storage and regasification unit (FSRU) built for Lithuania’s liquefied natural gas (LNG) terminal in Klaipėda, has reached the Red Sea. […]
Energy
Work on Lithuania’s LNG terminal quay continues
Two high-pressure gas sleeves have been assembled and installed at the Liquefied Natural Gas (LNG) terminal quay during the weekend. […]
Energy
Amber Grid signs gas pipeline construction contract
On Friday, having received an ascent of the Board of Directors, Lithuania’s Amber Grid, which runs the country’s gas distribution infrastructure, signed contracts on works of the construction of gas pipeline Klaipėda-Kuršėnai and the purchase of pipes necessary for the construction, Amber Grid informs. […]
Energy
Prime Minister Butkevičius: Three shifts of contractors work to finish LNG terminal in time
On Thursday Prime Minister Algirdas Butkevičius participated in the monthly meeting of the commission on the Liquefied Natural Gas (LNG) terminal project implementation. According to the prime minister, the project is nearing completion, therefore the site is being visited more often to make sure the work runs smoothly. […]
Energy
LITGAS signs agreements with seven global LNG suppliers
LITGAS, liquefied natural gas (LNG) supply and natural gas trade company, which belongs to energy company group Lietuvos Energija, signed common non-binding LNG trade agreements with seven global LNG supply companies. […]
Energy
PM Butkevičius: Gazprom’s exit means Lithuania first in Baltics to unbundle gas sector
Gazprom’s decision to sell its Lithuanian assets could be due to the German energy group E.ON’s exit and the EU Third Energy package requirements, Prime Minister Algirdas Butkevičius said on Tuesday, adding that the Russian group’s withdrawal means that Lithuania will be the first of the three Baltic countries to unbundle the gas sector. […]