After swearing in at Seimas on Tuesday, “Farmer” Minister of Economy Virginijus Sinkevičius says that one of the country’s greatest problems – emigration – could be resolved by the creation of well paid jobs, thus […]
Open consultations on the National Energy Strategy have begun with for the first time, the Lithuanian Ministry of Energy is organising consultations with interest groups whose comments will be considered when drafting the final strategy. […]
A study presented at the Ministry of Energy on Thursday outlines possibilities how Lithuania could respond to the construction of the Astravyets Nuclear Power Plant in Belarus. […]
The Lithuanian Ministry of Energy says that it may run electric capacity auctions for reserve capacity for the Lithuanian electricity system starting in 2017. […]
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 Lithuanian government announced on Monday that it would scrap 1,290 positions in government agencies from April of next year. […]
On 15 December, Lithuania’s Ministry of Energy held a meeting of the Committee of Senior Energy Officials of the Baltic Council of Ministers (BCM) to address the development of a regional gas market and to cooperate on the synchronisation of the Baltic states’ power systems with the networks of Continental Europe, the ministry reports. […]
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. […]
Energy service company Vilniaus Energija has informed the Lithuanian Labour Exchange about the planned reorganisation which will result in lay offs of 114 employees of Vilnius Combined Heat and Power Plant TE-3. […]
The Supreme Court of Lithuania ruled on Friday to uphold a verdict passed by Stockholm Arbitration court which bound Lithuania not to adjudicate in a dispute with Gazprom. […]
The European Commission and European Union (EU) member-states have approved financial support in the amount of EUR 27.4 million for the LitPol Link power interconnection between Lithuania and Poland, Litgrid AB, the Lithuanian electricity transmission system operator, reports. […]
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. […]
On Thursday, the works on laying the NordBalt cable resumed in the Baltic Sea. The last 150 kilometres will be laid by the end of this summer, the Ministry of Energy reports. […]
Gazprom has withdrawn its claim against Lithuania over the implementation of the European Union’s (EU) Third Energy Package. […]
The Lithuanian government plans to earmark additional 3.14 million euros for litigation with Russia’s Gazprom at the United Nations’ arbitration court (UNCITRAL, United Nations’ Commission on International trade Law). […]
Lithuania’s government is starting to discuss ways to spend approximately 1.4 billion euros, which it may receive as compensation from Gazprom if the Stockholm arbitration court sides with Lithuania in its dispute with the Russian gas giant. […]
Energy Minister Rokas Masiulis believes that Sweden‘s decision to phase out nuclear power would act as a stimulus for Lithuania’s new nuclear power project, which has stalled with officials saying that they are consulting with Latvia and Estonia, the potential regional partners, and with Japan’s Hitachi. […]
At the meeting of the Government it has been proposed to create a single natural gas market. A working group initiated by the Ministry of Energy has proposed to merge energy resource exchange UAB Baltpool and natural gas exchange UAB GET Baltic. […]
Lithuanian Energy Minister Rokas Masiulis says he cannot tolerate the situation when municipal heat producer, Vilniaus Energija (Vilnius Energy) has been deliberately overpaying for gas for the second month in a row, thus increasing heating bills for consumers. Due to such actions of heat providers, Vilnius residents and institutions lose around a million euros per month. […]
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