Lithuanian Energy Minister Žygimantas Vaičiūnas Photo © Ludo Segers @ The Lithuania Tribune

Lithuania expects new US LNG import contracts – Minister of Energy

Lithuania expects to sign this year new contracts with US liquefied natural gas (LNG) suppliers, Energy Minister Žygimantas Vaičiūnas said on Monday. […]

Estonian Ambassador Jana Vanaveski   Photo © Ludo Segers @ The Lithuania Tribune

The Independence as a gas market swing supplier

What a difference one ship makes in combination with shifts in production in less than 3 years. It took a bit longer to get from complete reliance on a Russian-controlled energy-monopoly to a competitive market with increased security and interconnectivity. However, the presence of the Independence LNG floating facility in Klaipėda and the return of the USA as an energy independent country and exporter changed dramatically the supply and prices in the gas market. […]

Minister of Foreign Affairs of Larvia, Edgars Rinkēvičs

Latvian minister: We grasp Astravyets concerns, don’t plan embargo laws

The Latvian government supports the Lithuanian position to demand the highest security standards at the Astravyets nuclear power plant under construction in Belarus, however, does not consider any laws to restrict electricity imports from the utility, says Latvia‘s Foreign Minister Edgars Rinkēvičs. […]

LNG Terminal

Lithuanian ministers to inspect security at Klaipėda LNG terminal

Lithuanian Interior Minister Tomas Žilinskas and Energy Minister Rokas Masiulis are going to Klaipėda on Friday to inspect security arrangements at the liquefied natural gas (LNG) terminal.

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Klaipėdos nafta

Profits of Lithuanian state-owned companies down 5.7%

Companies owned by the Lithuanian state have reported €216,3 million in net profits over 2015, a drop of 5.7% from 2014. The best results come from the oil company Klaipėdos Nafta, while profits of the […]