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Lithuanian court upholds EUR 36 mln fine for Russia’s Gazprom
Russian gas concern Gazprom must pay Lithuania a fine of 35.651 million euros, which was imposed two years ago for refusing to sign a gas exchange deal with Lithuania’s state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, LEG) formerly known as Lietuvos Energija, the Supreme Administrative Court ruled on Thursday. […]
CORPORATE
Minister of Energy: paradox but occupation isn’t over in energy industry
The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well. […]
CORPORATE
A signal to Russia – energy is not a priority in Lithuania
The new Seimas term begins on Monday, with the Peasant and Greens fraction claiming to hold almost 60 members of 141. As such its proposals will have to be considered by both its coalition partners […]
Energy
Outcome of Lithuania-Gazprom dispute shouldn’t influence EU decision
Lithuania’s failure to win a dispute against Gazprom over too high natural gas prices should not influence the European Commission‘s decision in its antitrust probe into the Russian gas giant’s operations, Lithuanian Energy Minister Rokas Masiulis. […]
European Union
Grybauskaitė sees Nord Stream project as EU energy policy ‘shroderization’
Lithuania’s President Dalia Grybauskaitė says that further development of the Russia-Germany gas pipeline Nord Stream means shroderization of the European Union’s (EU) energy policy. […]
Opinion
Why relations between Lithuania and Latvia aren’t all that fraternal
Lithuania and Latvia have much in common on a strategic level. Yet relations between the two aren’t especially brotherly. That’s how political expert Linas Kojala put it on LRT.lt. In his opinion it is difficult to pin down a special closeness between the two countries with actual examples. Vytautas Magnus University Professor Alvydas Butkus notes that representatives of the two countries’ governments would seemingly like to communicate but there aren’t close ties between the two societies. […]
Uncategorized
Rosatom becomes tool of geopolitical pressure – Minister of Energy in US
Rosatom, Russia’s state corporation that is building nuclear power plants in Europe, Asia and Middle East, is turning into an instrument of geopolitical pressure, Lithuanian Energy Minister Rokas Masiulis said during his visit to the United States. […]
Energy
Lithuania to apply to Swedish court for annulment of decision in Gazprom dispute
Lithuania plans to apply on Thursday to a Swedish court for an annulment of a Stockholm arbitration court‘s ruling in a dispute between the government and Russia’s gas giant Gazprom in which the country sought, but was not awarded, 1.4 billion euros in compensation for overpriced Russian natural gas. […]
Energy
Stockholm arbitration ruling in Lithuania-Gazprom case ‘not a total loss’
A four-year-long dispute between the Lithuanian government and Russia‘s gas company Gazprom over €1.4 billion sought by Lithuania at Stockholm arbitration court over overcharging for gas supplies has ended in failure of both parties to prove the validity of their claims.
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Energy
Lithuania’s €1.4bn claim against Gazprom rejected by Stockholm arbitration court
A Stockholm arbitration court, which examined Lithuania’s €1.4-billion suit against Russia’s gas supplier Gazprom over overcharging for gas supplies, has found no guilt on Gazprom’s part, Lithuania’s energy minister has said.
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Energy
Polish natural gas projects threaten Gazprom’s grip in Central and Eastern Europe
On May 17, Polish state-owned natural gas pipeline network operator Gaz-System S.A. published its updated strategy for 2016–2025. A noteworthy new element in the document is the plan to create a natural gas hub in Poland, aimed at establishing a regional gas market in Central and Eastern Europe (CEE). […]
CORPORATE
Gazprom plans to build Kaliningrad LNG terminal
Russian Prime Minister Dmitry Medvedev has signed a decree under which Kaliningrad’s port limits should be expanded to accommodate a new Gazprom LNG terminal, writes Andrzej Kublik at gazeta.pl. Gazprom plans to install a terminal […]
Uncategorized
Energy
Energy
Can Nord Stream 2 be stopped?
Nord Stream 2, the controversial Russian-German pipeline project, is generating fierce opposition in Central and Eastern Europe as well as from the European Parliament and the European Commission. But could the opponents of the pipeline, owned 50% by Gazprom and 50% by some of the largest Western European companies, stop the project? […]
Uncategorized
Finland beginning to doubt its dependence on Russian energy
Lithuania has been one of the loudest voices in Europe pushing for increasing energy independence from Russia, but not all EU countries are following this strategy. Finland, which is not a member of NATO, is set to increase its dependence on Russian gas and uranium, which has some in the country worried. […]
CORPORATE
Gazprom’s intermediary LT Gas Stream leaving Lithuania
LT Gas Stream, a gas sale intermediary registered in Switzerland, is no longer selling Gazprom‘s gas to Lithuania’s Dujotekana, Verzlo Žinios reports. LT Gas Stream has been selling Russian gas exclusively to Dujotekana since 2008, […]
CORPORATE
Gazprom ‘tried to undermine Lithuanian LNG terminal’
Russian energy company Gazprom tried to undermine Lithuania’s liquefied natural gas terminal (LNG) at Klaipeda and attempted to put pressure on some of Lithuania’s major gas consumers, the State Security Department (VSD) claimed in a threat to national security assessment released on Wednesday. […]
CORPORATE