Statoil
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. […]

Klaipėda LNG terminal
Energy

Third commercial LNG shipment on its way to Lithuania

The third commercial shipment of liquefied natural gas (LNG) will be delivered to the Lithuanian LNG terminal, the first such facility in the Baltic countries, this week. […]

No Picture
Energy

Test LNG cargo arriving in Klaipėda terminal

On Tuesday morning, the LNG tanker Golar Seal is bringing a test cargo of the liquefied natural gas (LNG) – around 107,000 cubic metres of gas – to Klaipėda LNG terminal. […]

No Picture
Energy

Russia’s hold on the Baltics loosens

Lithuania is set to open a floating liquid natural gas (LNG) import terminal in Klaipėda on 27 October. The LNG terminal, once fully operational, will play a significant role in reducing Lithuania and other Baltic states’ energy dependence on Russia. This will weaken Russia’s use of energy as a political tool in the Baltics, and in turn offer some limited protection for the Baltic countries in the standoff between Moscow and the West. […]

Romas Švedas
Energy

Former energy vice-minister: Deal with Statoil gives Lithuania a trump card in negotiations with Russia

Last week, Lithuania signed a historic contract of liquefied natural gas (LNG) supply with the Norwegian company Statoil. Even if the price of gas set by Statoil will be somewhat higher than the one Lithuania pays now, it is important that, for the first time in history, the country has an alternative to Russian gas, says Romas Švedas, former deputy minister of energy and lecturer at the International Relations and Political Science Institute of Vilnius University (VU TSPMI). […]

Energy

President Grybauskaitė: Gazprom will no longer be able to dictate prices to Lithuanian

A gas supply contract Lithuania has recently signed with Norwegian company Statoil will ensure secure gas supplies and will no longer allow Russian gas giant Gazprom to dictate “political prices”, Lithuanian President Dalia Grybauskaitė says. […]