Lietuvos Energija EN
MEP Uspaskich questioned as special witness in Alstom trial
Lithuanian MEP Viktor Uspaskich was on Friday questioned by the Special Investigation Service (STT) as special witness. According to information available to BNS, he was questioned in the probe of large-scale bribery and corruption involving French engineering group Alstom that conducted projects estimated at millions of euros in Lithuania. […]
Homes of ex-CEOs of Lithuanian Energy, Elektrėnai plant searched in Alstom bribery case
In cooperation with the UK law-enforcement, the Lithuanian Special Investigation Service (STT) is conducting a large-scale corruption and bribery investigation involving, among other things, a 200-million-euro project carried out by France’s engineering group Alstom at the Lithuanian Power Plant in Elektrėnai, STT spokeswoman Renata Saulytė has confirmed. […]
Lithuania could use European integration arguments to stop Belarus’ N-plant project
Stopping the construction of the Astravyets nuclear power plant in Belarus through legal means is hardly possible, but arguments of European integration could be used for this purpose, Romas Švedas, a member of the Implementation Committee of the UN Espoo Convention, said on Monday evening. […]
The reform which will reveal the real face of the new government
The ministerial cabinet is currently preparing a reform plan for state run enterprises. Experts are certain that it will face resistance from those used to and benefiting from the current situation. […]
Laying the foundation for a TESLA gigafactory in Lithuania
A day after the Tesla Motors lithium accumulator factory opened in Nevada, government and business representatives met for a discussion of the potential to build such a gigafactory in Lithuania as well. […]
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. […]
Lietuvos Energija CEO denies being offered Minister of Transport job
Dalius Misiūnas, CEO of the Lithuanian state-energy holding company Lietuvos Energija (Lithuanian Energy), denies that he has been offered the post of transport minister in the country’s next government. […]
Energy companies most profitable among the state-owned enterprises
The 2015 annual report on the Lithuanian state-owned enterprises (SOEs), which contains financial results of SOEs, was presented at the government meeting on 15 September, Turto bankas informed in the press release. […]
Baltic States aim to create single gas market
The Baltic States are considering creating a single gas market that would facilitate gas trading among the three countries and may include Finland. […]
Lithuanian national gas trading company nets €4m profits
Lithuania’s national gas trading company Litgas has made a profit of €4.9 million on revenues of €209 million in 2015. The company, which is a subsidiary of state-owned Lietuvos Energija (Lithuanian Energy) started to sell […]
Lietuvos Energija MD elected manager of the year
Dalius Misiūnas, the managing director of UAB Lietuvos Energija has been selected as the 2015 Manager of the year by the weekly magazine Veidas and a panel of experts. […]
Lithuanian Energy CEO: Gazprom’s gas auction price will have to be lower
CEO of Lietuvos Energija (Lithuanian Energy), Lithuania’s state-owned energy holding, says the company intends to take part in Gazprom’s natural gas auction for the Baltic countries this week, but the auction price will have to be comparable to those in Europe and lower than the one offered by Gazprom to companies early this year. […]
Lietuvos Energija CEO faces investigation
Lithuania’s ethics commission announced it is to open a probe into Lietuvos Energija CEO and chairman Dalius Misiūnas over an alleged conflict of interest. […]
Litgas and Statoil sign revised gas supply contract
Lithuania’s gas trade company Litgas, which is part of the state-owned energy holding Lietuvos Energija (Lithuanian Energy), on Thursday signed a revised LNG supply contract with Norway’s Statoil. […]
New deal with Statoil to cut gas price by third
Lithuania’s gas company Litgas has concluded negotiations with Norway’s Statoil to review it’s five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania’s LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says. […]
Gas prices to be ‘slightly lower’ under new LNG deal with Statoil
Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway‘s Statoil on Monday. […]
Lietuvos Energija acquires two wind farms in Lithuania and Estonia
The state-owned energy group Lietuvos Energija has acquired two wind farms in Lithuania and Estonia, adding 42.3MW to its energy production capacity. […]
Lithuanian gas prices should remain stable despite Gazprom price hike
Gas prices will rise for Lithuanian buyers of gas from Gazprom, Russia’s gas monopoly, but according to Dalius Misiūnas, the CEO of the Lietuvos Energija energy company holding in Lithuania, this should not translate into higher prices for end users. […]
Litgas and Statoil prepare joint venture to enter Baltic Sea small scale LNG market
Natural gas supply and trading company Litgas, part of Lithuania’s state owned energy holding Lietuvos Energija, and Norway‘s Statoil, a leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on Thursday in Vilnius regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services, Litgas reports. […]