Norway Archives - Page 2 of 6 - the Lithuania Tribune

Lithuania’s LNG terminal: The impossible became possible?

August 11, 2016 Vilija Andruleviciute 0

Lithuania’s LNG terminal in Klaipėda, launched in late 2014, has been a symbol of its aspiration towards energy independence, although maintaining the facility has proved a heavy financial load. That, however, is changing. […]

Lithuania wants to buy defence systems from Norwegian government

June 15, 2016 BNS 0

Lithuania would buy the NASAMS medium-range missile defence systems from the Norwegian government, not directly from the manufacturer Kongsberg, Lithuania’s Defence Minister Juozas Olekas says.

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Is Sweden and Finland joining NATO inevitable?

June 9, 2016 Andrei Kolesnikov 0

A recent study commissioned by Finland has outlined the pros and cons of the country joining NATO. […]

Nordic bubble ‘a hazard’ to Lithuanian banking

June 7, 2016 the Lithuania Tribune 0

While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania’s central bank. […]

Lithuania wants to buy LNG ship from Norway to cut prices

May 3, 2016 the Lithuania Tribune 0

Lithuania’s Energy Minister Rokas Masiulis has said that Lithuania is still looking to purchase the Norwegian-owned LNG terminal moored in Klaipėda port in an effort to reduce gas prices in Lithuania further. Masiulis was speaking […]

Norway ramps up production to compete with Russian gas

April 6, 2016 the Lithuania Tribune 0

Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the United States, Bloomberg reports. […]

Remittances to Lithuania drop by 22% but still huge portion of national income

March 22, 2016 LT Daily 0

Lithuania remains among the countries with the largest share of national income coming from remittances even though the level of remittances dropped by 22.1% in 2015. […]

Orkla to move production from Lithuania to Latvia, Sweden

March 10, 2016 the Lithuania Tribune 0

Lithuanian company Suslavičius-Felix, which makes a range of sauces and ketchup and is owned by Norway’s Orkla Group, is moving production of international brands from its Lithuania facility at Kaunas to Orkla Foods’ production plants in Latvia, Sweden and Austria. […]

Norway’s oil fund doubles investment in Lithuanian government bonds

March 10, 2016 Rory Kelleher 0

Norway’s state oil fund more than doubled its investment in Lithuanian government bonds last year, increasing its holdings from €76 million (711 million NOK) in 2014 to €178 million (1.6 billion NOK) in 2015. […]

Norway Hague Convention approval to allow children to return to Lithuania for care

March 8, 2016 LT Daily 0

Norway has ratified the Hague Convention on the protection of children and on cooperation on international adoptions, and this will directly affect Lithuanian families bringing up their children in Norway. […]

Conquering Scandinavia presents new challenges for exporters

March 1, 2016 the Lithuania Tribune 0

Lithuanian entrepreneurs have been turning away from Russia as their primary market for exports and setting their sight on the Nordic countries. However, different rules apply in Scandinavia, with easy profits hard to come by. […]

Klaipėda University sailboat takes on 5,000 mile journey

February 15, 2016 LT Daily 0

Klaipėda University‘s training sailboat Brabander is preparing for its longest journey yet – a 5,000-mile-long odyssey along the coast of Norway, a brief pause in the Shetland and the Faroe Islands, and then around Iceland. […]

How are low oil prices impacting Lithuania’s economy?

February 9, 2016 the Lithuania Tribune 0

With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop. […]

Who will overtake Russia as Lithuania’s biggest gas supplier in 2016?

February 8, 2016 the Lithuania Tribune 0

Lithuania will import more gas from Norway than from Russia in 2016 for the first time after closing a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure, Lithuania’s energy minister said on Monday. […]

Lithuania’s state-owned gas supply company to buy gas from Statoil

February 5, 2016 BNS 0

Lithuania’s state-owned gas supply company Lietuvos Dujų Tiekimas (Lithuanian Gas Supply, or LDT), which has until now purchased gas only from Russia’s Gazprom, will buy it from Norway’s Statoil. […]

How would Lithuanians react to idea of abandoning hard cash?

January 28, 2016 LT Daily 0

Norway’s biggest bank DNB has called for the country to completely abandon hard cash, but how would Lithuanians react to such a move here? […]

Gazprom will have to be more flexible to sell gas in Lithuania, minister says

January 27, 2016 BNS 0

Russia’s gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country’s largest gas consumer, and Norway‘s Statoil. […]

Will consumers feel lower gas prices?

January 26, 2016 LT Daily 0

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]

Vaidas Baumila and Monika Linkytė in Eurovision

Lithuania gets spot in 2nd Eurovision semi-final

January 25, 2016 BNS 0

Lithuania will perform in the second semi-final of the Eurovision Song Contest 2016 on May 12, according to the results of the allocation draw on Monday. […]

Gas prices to be ‘slightly lower’ under new LNG deal with Statoil

January 22, 2016 BNS 0

Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway‘s Statoil on Monday. […]