Energy
LNG terminal
Foreign affairs
President Grybauskaitė says her visit to Israel to give new momentum to relations
President Dalia Grybauskaitė is making an official visit to Israel on 19-21 October. She will be accompanied by the ministers of foreign affairs and economy as well as by Chair of the Jewish Community of Lithuania, Faina Kukliansky, the presidential press service said. […]
Energy
Gas consumption falls below minimum needed to sustain Lithuania’s LNG terminal
As natural gas consumption has dropped drastically in the energy sector, the minimum quantity of natural gas required for the operation of the Liquefied Natural Gas (LNG) Terminal will twice surpass the projected demand by energy producers. The designated supplier, company Litgas, forecasts that due to such changes in the market the average gas purchase price for energy producers may rise by approximately 50 percent. This shows that the existing designated supply model is no longer sustainable. […]
Energy
Lithuanian parliament returns Law on LNG terminal amendments for improvement
The Seimas of Lithuania, parliament, on Tuesday returned the amendments to the Law on the Liquefied Natural Gas (LNG) Terminal for improvement. […]
Energy
Uncategorized
Energy
Lithuania could start talks on gas imports from Israel next year, PM says
With Israel set to launch massive liquefied natural gas production in 2016, Lithuania could begin talks on gas imports “at specialists’ level” as soon as next year, Prime Minister Algirdas Butkevičius said. […]
Energy
Klaipėdos Nafta looks to secure EUR 300 million loan
Klaipėdos Nafta (Klaipėda Oil), Lithuania’s state-run company managing oil and liquefied natural gas (LNG) terminals, has issued a call for tenders to secure a loan of up to EUR 300 million. The money would be partly used to pay for the rent of the LNG storage vessel. […]
Energy
Water security zone marked out around Klaipėda LNG terminal
Energy company Klaipėdos Nafta, which manages Liuthuania’s Liquefied Natural Gas (LNG) terminal, has installed buoys in the Curonian Lagoon near floating storage and regasification unit (FSRU) Independence. The buoys mark a 125-metre water security zone around FSRU Independence. […]
Foreign affairs
Last interview with Ambassador Pavilionis in Washington: ‘We are still in the discovery stage in America’
We meet with Ambassador Žygimantas Pavilionis on a quiet Sunday morning in the Lithuanian Embassy in Washington, D.C., for the last interview before he leaves the USA and returns to Lithuania. […]
Uncategorized
Energy
Hoegh LNG refuses to sell LNG vessel to Lithuania ahead of time
Lithuania plans to purchase the Klaipėda LNG terminal’s floating storage and regasification unit (FSRU) in ten years, and not now, since the vessel’s owner, Norway’s Hoegh LNG, refuses to sell the ship before the term established in the contract. […]
Energy
Lithuanian government considers options to cut LNG terminal’s costs
The Lithuanian government is considering several options to reduce the costs of maintenance of the Klaipėda liquefied natural gas (LNG) terminal, Prime Minister Algirdas Butkevičius said on Friday. […]
Energy
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. […]
Energy
US welcomes Lithuania’s efforts to ensure energy security, Minister Masiulis says
Energy Minister Rokas Masiulis says that Sunday’s visit by John Boehner, the Speaker of the US House of Representatives, to the Klaipėda liquefied natural gas (LNG) terminal shows that Lithuania’s efforts to ensure energy security are recognized and valued. […]
Foreign affairs
President Grybauskaitė: Lithuania backs EU-US trade deal and looks forward to US gas export
Lithuania supports efforts to reach, as soon as possible, an EU-US free trade agreement that will boost bilateral trade and will further strengthen transatlantic relations, Lithuanian President Dalia Grybauskaitė said after meeting with John Boehner, the Speaker of the US House of Representatives, in Vilnius on Saturday. […]
Energy
Lithuania talks with Statoil to make LNG terminal more flexible, energy minister says
Energy Minister Rokas Masiulis has not denied that Lithuania is in talks with Norway‘s Statoil on a more flexible schedule of liquefied natural gas (LNG) imports, saying that various operating modes at Klaipėda LNG terminal and its possibilities are currently being tried out and that the ministry has asked companies related to the LNG facility to prepare for various possible scenarios. […]
Energy
Lithuanian company to help Colombia build LNG terminal
Klaipėdos Nafta AB, an operator of the Klaipėda Oil Terminal, has signed an agreement under which the Lithuanian company will help to build a liquefied natural gas (LNG) terminal in Colombia. This is the very first this kind of agreement in the Lithuanian energy sector. […]
Energy
Energy
Estonian Chamber of Commerce chair: Lithuania able to support its own energy needs
Speaking at the annual ‘Traditional and Renewable Energy Forum’ on 13 May in Vilnius, Lithuania, event organizer and Chairman of the Estonian Chamber of Commerce, Robert Juodka, told the Lithuania Tribune he believes the Lithuania is now able to support its own energy needs. […]