Gas

The National Commission for Energy Control and Prices has approved a methodology which will be used to set liquefied natural gas (LNG) prices for heat and electricity producers who are obliged to buy a set share of their gas from the LNG terminal in Klaipėda.

Poland might build a gas connection with Lithuania, the country's deputy prime minister said on Monday.

Prime Minister Algirdas Butkevičius has accused district heat provider Vilniaus Energija of foul play after it stated that heating prices in Lithuania's capital would grow due to the obligation to purchase part of gas from the Klaipėda Liquefied Natural Gas (LNG) terminal. The prime minister said th...

The first Lithuanian-Dutch liquefied natural gas (LNG) forum was held on Monday. In the opening address, Lithuanian Energy Minister Rokas Masiulis emphasised the possibility to take advantage of the Dutch experience in developing LNG business in the Baltic region.

Both household consumers and industrial companies in Lithuania pay the smallest price for gas in the region, according to the newest report on European gas markets by the European Commission (EC).

The Lithuanian parliament approved the new LNG terminal financing model on Tuesday, as the old model would have resulted in higher heating prices next year.

In October, Estonian and Finnish gas companies, with the support of the national governments, jointly applied to the European Commission for financing of the construction of Balticconnector – the transmission pipeline network that would connect the gas networks of the two countries. Reaching an agre...

On 27 October 2014, the port of Klaipėda on the sea coast of Lithuania was crowded with people and heads of the Baltic States. The day marked a new era in the energy security sector for Lithuania, Latvia and Estonia, as an LNG ship called “Independence” was met with Lithuanian flags waving high. Eve...

Vilnius Regional Administrative Court has rejected OAO Gazprom's compliant against Lithuania's Competition Council.

Vakar Stoxx Europe 600 krito 0,4 proc., po trijų iš eilės augimo dienų. Didžiausias spaudimas jautėsi iš pagrindinių išteklių (Basic Ressources -3,45 proc.) bei naftos ir dujų (Oil&Gas -2,21 proc.) sektorių.

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.

Representatives of Poland, Lithuania and the European Commission signed a funding agreement for the Gas Interconnection Poland-Lithuania (GIPL) on Thursday, securing the EU's funding for the project that will enable free gas flow between Poland and the Baltic states.

An agreement on financial assistance for the Gas Interconnection Poland-Lithuania (GIPL) project was signed at the European Commission's building Berlaymont on Thursday.

As natural gas consumption has dropped drastically in the energy sector, the minimum quantity of natural gas required for the operation of the Liquefied Natural Gas (LNG) Terminal will twice surpass the projected demand by energy producers. The designated supplier, company Litgas, forecasts that due...

Poland is set to sign a deal to build a highly strategic gas pipeline to the Baltic states as part of an effort to break Russia's energy stranglehold over the three EU members, the Financial Times reports.

The Seimas of Lithuania, parliament, on Tuesday returned the amendments to the Law on the Liquefied Natural Gas (LNG) Terminal for improvement.

Lithuania is preparing to establish a Liquefied Natural Gas (LNG) centre of excellence in Klaipėda. Within a month, the heads of ministries will be presented a letter of intent signed with social partners and an activity plan for an LNG cluster.

Lithuania may expect financing for its energy projects from the 315-billion-euro European Fund for Strategic Investments (EFSI, the so-called Juncker Plan), Jyrki Katainen, Vice-President of the European Commission, has said in Vilnius.

With Israel set to launch massive liquefied natural gas production in 2016, Lithuania could begin talks on gas imports "at specialists' level" as soon as next year, Prime Minister Algirdas Butkevičius said.

Klaipėdos Nafta (Klaipėda Oil), Lithuania's state-run company managing oil and liquefied natural gas (LNG) terminals, has issued a call for tenders to secure a loan of up to EUR 300 million. The money would be partly used to pay for the rent of the LNG storage vessel.