No Picture
Energy

LNG terminal is properly guarded, Lithuanian interior minister reassures

The liquefied natural gas terminal in Lithuania’s western port of Klaipėda is properly guarded, the country’s Interior Minister Saulius Skvernelis and the port’s chief said on Wednesday. […]

No Picture
Uncategorized

Stratfor: Poland and Baltic states will continue to promote Ukraine’s Western ties

As the standoff between Russia and the West over Ukraine continues into 2015, the Baltic countries of Estonia, Latvia and Lithuania will come to play an increasingly important role. Even before the crisis, the three Baltic states — as well as neighboring Poland — were among the most active EU member states attempting to bring Ukraine closer to the West and to challenge Russia’s role in the former Soviet periphery. Their efforts along these lines will intensify this year. Ultimately, however, more powerful players in the standoff will limit the impacts of their efforts, particularly Germany and the United States. […]

No Picture
Economy

Ship traffic at Klaipėda port restricted due to strong winds

Six vessels are waiting to be cleared for entering the port of Klaipėda where ship traffic was partially restricted on Friday morning due to strong winds, the port’s authority said. […]

"Arctic Aurora"
Energy

First commercial gas shipment delivered to Lithuania’s new LNG terminal

On Tuesday, liquefied natural gas (LNG) tanker Arctic Aurora delivered the first commercial shipment of gas to Lithuania’s LNG terminal. […]

South stream, Pietų srautas
Uncategorized

Europe and Russia after South Stream

The crisis in Ukraine, and in particular Russia‘s recent cancellation of the South Stream natural gas pipeline project, has had substantial ripple effects on the energy dynamics on the European continent. The Russians and Europeans both have put forth several potential replacements for the now scrapped pipeline, with Turkey likely to play a pivotal role either way. […]

Dujotiekis
Energy

Lithuania’s energy security investment equals loss to hypothetical gas embargo, study finds

If, hypothetically, Russia imposed a gas embargo on Lithuania and the country would have to look for alternatives at a 50-to-100-percent surcharge, then in the first year of such an embargo Lithuania’s economy would lose LTL 1.6-1.9 billion (EUR 467-550 million), which is about what the country has invested in the pipeline connections with Poland and the LNG terminal. […]

Andrus Ansip
Uncategorized

Estonians and Finns must decide on LNG terminal fast, EC vice-president says

European Commission Vice-President of the Digital Single Market Andrus Ansip said on Friday at a conference in Tallinn that Estonia and Finland have to move forward fast with the LNG terminal project, because there is prevailing investment drought in Europe and no one is going to wait until Estonia and Finland finish deliberating different solutions, Aripaev Online reports. […]

Rokas Masiulis
Energy

Lithuania’s energy minister concerned about gas market liberalization in Latvia

Lithuania is already in a position to supply gas to Latvia and Estonia, however, Latvia’s stance, which remains unclear, raises concerns about free supply of gas to the Baltic countries, energy minister has said, adding that Latvia has assured that it will guarantee the implementation of the European Union’s (EU) Third Energy Package. […]