Fallout with Turkey shows that Russia can lose friends as quickly as it makes them

Nina Khrushcheva: Putin is a brilliant tactician, but a losing strategist

Each Russian leader picks a subject he is an expert in and Vladimir Putin‘s subject is history. “That is why in order to understand Russia, we must understand Russian history,” says Professor Nina Khrushcheva of the New School University in New York. […]


Lithuanian and Latvian officers close in on international oil trade group

Lithuanian and Latvian law enforcement officers are investigating an organized crime group suspected of illegal trade in oil products. […]


Swedish company finds oil in Raseiniai, Lithuania

The drilling of the Tidikas-1 exploration well on the Raseiniai licence onshore Lithuania has been successfully completed by the energy company Tethys Oil. […]


Klaipėdos Nafta reloaded 640,000 thousand tonnes of oil products in December

State company Klaipėdos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4 percent than during December 2013, when 380 thousand tonnes were reloaded. During December 2014 more oil products from the main client of the company Orlen Lietuva as well as from refineries of the Republic of Belarus were reloaded, compared to transhipment during December 2013, also during December 2014 additional heavy oil products from refineries of Russian Federation were reloaded, Klaipėdos Nafta announced. […]


Lithuania’s LNG terminal starts commercial operations

The liquefied natural gas (LNG) terminal in the Lithuanian port city of Klaipėda officially opened its commercial operations on the first day of 2015 to provide the first alternative to Russian gas. […]