Independence FSRU

Klaipeda LNG terminal to remain useful to Lithuania in future – energy specialists

With the Lithuanian government due to decide on the future of the Klaipėda liquefied natural gas (LNG) terminal, businesses call on the authorities to look for ways to lower the terminal’s costs for gas consumers and energy experts say that these costs will go down and that the floating storage and regasification unit (FSRU) will remain useful to the country in the future as gas will play an increasingly important role. […]

Independence FSRU

After 2024 “Independence” may sail away from Lithuania

In a study on the future of the liquefied natural gas (LNG) terminal, foreign experts did not assess the prospects of the fertiliser market despite the fact that this branch of the industrial sector accounts […]


Declaration between Lithuanian govt, Orlen stipulates modernization, jobs, PSO tariffs

The declaration signed between the Lithuanian government and the Polish oil concern Orlen on Tuesday envisages the Polish company’s investments in the Mažeikiai oil refinery and the same number of jobs, while the government should reconsider Public Service Obligation (PSO) tariffs for the company and examine the possibility of building a pipeline to Klaipeda. […]


Seimas passes bill to vet large deals by strategic companies

A special government commission in Lithuania will be able to vet state-owned and privately-owned strategic enterprises’ deals exceeding 10 percent of their annual revenue. […]

Saulius Skvernelis

Lithuania won’t privatize strategic companies – PM

Lithuanian Prime Minister Saulius Skvernelis says that strategic state-owned enterprises will not be privatized, but adds that some problem companies could be partially privatized by listing their shares on the stock market. […]