US energy giant Chevron is no longer interested in exploring for shale gas in Lithuania, saying that opportunities in the country cannot compete with other opportunities in the company's global portfolio.
energy independence
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Evaluation criteria, which will be applied to bidders in Lithuania's new shale gas exploration tender, will include both the size of contribution and investment plans.
Shale gas production in Lithuania shall be taxed at 1 percent in the first three years, instead of applying the previously proposed rate of zero tax, the government has ruled on Monday.
The end of summer will elicit concerns among many EU states regarding the stability of the Russian gas supply during the cold winter months as tensions in Ukraine persist. Yet, one unexpected set of states – Lithuania, Latvia and Estonia – will greet the winter with more energy security than ever.
Lithuanian Prime Minister Algirdas Butkevičius is planning a visit to the United States where he will meet with representatives of the US energy company Chevron to inform them about changes in the regulatory environment regarding shale gas exploration in Lithuania.
The liquefied natural gas (LNG) floating storage, which at the beginning of the year was solemnly named “The Independence”, and will start functioning this December, will be stationed alongside the quay on the island of Kiaulės Nugara (Pig’s Back). However, if necessary, it will be able to depart fr...
The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license.
In case of natural gas supply disruptions from Russia, Lithuania's natural gas stocks for small volume household users would last for about a month, says Dalius Misiūnas, head of the state-controlled energy company Lietuvos Energija.
As the winter approaches and gas consumption is set to rise, several EU countries - Poland, Slovakia and Austria - suddenly felt a drop in gas supply from Russia.
Lithuanian Foreign Minister Linas Linkevičius says that the European Union has to create a common energy market as soon as possible, with the Baltic region fully integrated into it.
Lithuanian-Polish gas link project should be implemented in 2020-2024, Prime Minister Algirdas Butkevičius says.
Russian intervention in Ukraine has refocused the attention on the traditional military and security challenges, but the factors that made it possible for today's Russian attempts to revise the European security architecture should not be forgotten. Primarily, this was the result of the processes in...
There is a long-held view that the Russian gas supply to Lithuania is unlikely to be cut-off because Lithuania serves as a gas transit state to the Russian territory of Kaliningrad. In other words, the same gas pipeline feeding Lithuania, also supplies the Russian enclave. According to this argument...
Lithuania's state-owned gas supply company Litgas and Norway's Statoil on Thursday are to sign a liquefied natural gas (LNG) supply deal, the Lithuanian government's press office said.
