Independence FSRU
Energy

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
Energy

Deals signed in US will help reduce Russian gas supplies monopoly – Lithuanian president

The cooperation memorandums signed between Lithuanian companies and Freeport LNG, the US liquefied natural gas (LNG) supplier and operator of the future export operator, represent one more step towards getting rid of Russia‘s gas supply monopoly that has lasted for six decades, Lithuania’s President Dalia Grybauskaitė says. […]

Orlen
Economy

Lithuanian government signs cooperation declaration with Poland’s Orlen

Lithuania’s government and Poland’s oil concern Orlen signed a cooperation declaration in Vilnius on Tuesday, Prime Minister Saulius Skvernelis said. […]

Klaipėdos Nafta
Society

Naftos Grupė execs get jail sentences, to pay Klaipėdos Nafta over EUR 20 mln

A court has sentenced former top executives of Naftos Grupė (Oil Group), an oil product forwarding company that was granted exceptional terms for the transhipment of oil products via Klaipėdos Nafta (Klaipeda Oil) in 2005 to 2010, to several years in prison and ordered them to pay the state-owned oil terminal almost 21 million euros in damages. […]

Independence FSRU
Energy

Baltic PMs readying for gas talks

The prime ministers of Lithuania, Latvia and Estonia will this week attempt to agree on a common liquefied natural gas (LNG) market to be able to apply for support from the European Union (EU). […]