If Latvia’s gas provider, Latvijas Gaze, will agree to draft rules and conditions for Lithuania’s gas providers, then Lithuanian gas exports may begin as early as this year. The Latvian high court’s decision to allow such a transfer removed one hurdle to the effort, but others remain. […]
Prime Minister Algirdas Butkevičius expects that Norway‘s gas company Statoil will lower the price Lithuania is paying for liquefied natural gas (LNG). After Litgas, Lithuania’s state-owned gas company, concludes negotiations with Statoil, consumers can expect price drops, he said on Monday. […]
2015 was an intense year full of changes in Lithuania’s energy sector. The Ministry of Energy compiled a list of the ten most important events that have affected the energy sector and consumers the most. […]
The cost of gas for residents and businesses in Druskininkai could treble in the next year if the spa town in south Lithuania cannot find an alternative to an extremely unfavourable gas supply deal with Gazprom. […]
The National Commission for Energy Control and Prices has approved a methodology which will be used to set liquefied natural gas (LNG) prices for heat and electricity producers who are obliged to buy a set share of their gas from the LNG terminal in Klaipėda. […]
Prime Minister Algirdas Butkevičius has accused district heat provider Vilniaus Energija of foul play after it stated that heating prices in Lithuania’s capital would grow due to the obligation to purchase part of gas from the Klaipėda Liquefied Natural Gas (LNG) terminal. The prime minister said the company was ending the year how it had begun it – with strange manipulations when purchasing fuel and with heating prices in Vilnius higher by one quarter. […]
Energy company Vilniaus Energija has claimed that heating prices in Vilnius will soar due to obligations to purchase liquefied natural gas (LNG) from Klaipėda’s terminal. The Ministry of Energy has responded to such claims by saying that in October the company itself decided to purchase from the LNG terminal significantly more gas than planned previously. Energy Minister Rokas Masiulis has stated that Vilniaus Energija is manipulating prices of acquired fuel. […]
The first Lithuanian-Dutch liquefied natural gas (LNG) forum was held on Monday. In the opening address, Lithuanian Energy Minister Rokas Masiulis emphasised the possibility to take advantage of the Dutch experience in developing LNG business in the Baltic region. […]
Prime Minister of Lithuania Algirdas Butkevičius met with Vice President of the European Commission (EC) in charge of the Energy Union Maroš Šefčovič in Brussels on Thursday. According to the prime minister, establishing the internal energy market in Europe is a priority objective for Lithuania. […]
Lithuania will be the first country in Europe to receive a shipment of liquefied natural gas (LNG) from the United States, sources confirm. […]
The Lithuanian parliament approved the new LNG terminal financing model on Tuesday, as the old model would have resulted in higher heating prices next year. […]
In October, Estonian and Finnish gas companies, with the support of the national governments, jointly applied to the European Commission for financing of the construction of Balticconnector – the transmission pipeline network that would connect the gas networks of the two countries. Reaching an agreement and submitting the application marks a very important intermediary stage, writes the Chairman of the European Union Affairs Committee of the Estonian parliament Kalle Palling (Reform Party). […]
On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Even higher were the expectations of this floating LNG terminal which at the time analysts called “a game changer” in the Baltic gas sector. However, one year on, Lithuanian government is struggling to find ways to lower the FSRU costs and expand their gas market – “Independence” has become an expensive burden. […]
Should Lithuania be worried about Estonia‘s plans to build its own liquefied natural gas (LNG) terminal? If it becomes a regional gas supply facility, it could supply gas to Latvia and Estonia and take away desperately needed clients from Lithuania’s Klaipėda LNG terminal, already struggling to operate at adequate capacity. […]
On this day last year, the floating LNG regasification and storage unit Independence sailed into the port of Klaipėda. The LNG terminal is a crucial element in Lithuania’s striving for energy independence from Russian gas and electricity imports, but arguments continue about who is going to pay for the facility’s maintenance. […]
One year after Lithuania inaugurated its liquefied natural gas (LNG) terminal in Klaipėda, Energy Minister Rokas Masiulis says that the facility has brought security and competition for the first time in Lithuania’s gas market history and can be called a regional terminal. […]
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