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A Vilnius court on Tuesday closed its hearing into a complaint filed by Gazprom over the Lithuanian competition watchdog's decision not to grant it full access to documents regarding an anti-trust fine of almost 35.7 million euros it imposed on the Russian gas giant.
A Vilnius court on Wednesday started hearing Gazprom's request to grant it full access to documents regarding a fine of almost 35.7 million euros imposed on the Russian gas giant by the Lithuanian competition watchdog.
On 26 March, fifteen years ago, Vladimir Putin was elected the president of Russia. The moment coincided with the start of a global oil price boom that brought billions in additional revenue to Russia.
Lithuania’s government is starting to discuss ways to spend approximately 1.4 billion euros, which it may receive as compensation from Gazprom if the Stockholm arbitration court sides with Lithuania in its dispute with the Russian gas giant.
Lithuania's Energy Minister Rokas Masiulis, who returned from his visit to the United States, says the Liquefied Natural Gas (LNG) Terminal as well as Lithuania's strong stance on energy security has opened many doors.
The situation in Lithuania has radically changed with the launch the Klaipėda liquefied natural gas (LNG) terminal and negotiations with Russia's gas giant Gazprom on a new gas supply contract are no longer as important for the country as they were in the past, Energy Minister Rokas Masiulis says.
The European Commission (EC) stated on Wednesday it is continuing the investigation into suspected competition violations by the Russian gas company Gazprom, thus denying media reports about the probe having been suspended.
Lithuanian President Dalia Grybauskaitė on Wednesday accused Russia's gas giant Gazprom of using gas for political pressure after Russian Deputy Prime Minister Arkady Dvorkovich said in a discussion in Davos that alternatives to Russian gas would be more expensive for Europe.
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.
If, hypothetically, Russia imposed a gas embargo on Lithuania and the country would have to look for alternatives at a 50-to-100-percent surcharge, then in the first year of such an embargo Lithuania's economy would lose LTL 1.6-1.9 billion (EUR 467-550 million), which is about what the country has ...
Lithuania's 500-million-litas (EUR 145m) liquefied natural gas (LNG) facility, which is the country's first alternative to Russian gas supplies and which the government believes could become a regional terminal, is officially launching operations on Wednesday, but Latvia and Estonia will have to wai...
The Lithuanian government on Wednesday is to submit its final documents to a Stockholm arbitration tribunal in its multi-billion-litas suit against Russia's gas supplier Gazprom over unfair pricing.
The launch of Lithuania’s new LNG Terminal Independence in Klaipėda is cause for celebration as a victory over Russian gas dominance. as well as neighbouring Latvia and Estonia. However, another Lithuanian energy sector dilemma remains unresolved despite efforts of the European Commission and Vilniu...
This Monday, Lithuania congratulated itself on finishing a seminal project in its energy independence policy and welcomed the floating liquefied natural gas terminal in the Baltic port of Klaipėda, from where it will open a second gas import line, an alternative to Russia's gas giant Gazprom that ha...
Lithuania has stepped up vigilance as it is awaiting the arrival of the LNG ship-terminal, Lithuanian Minister of National Defence Juozas Olekas said, adding that every incident in the Baltic Sea must be taken very seriously.
The European Commission recommends Estonia, Latvia, Lithuania and Finland to start preparing for an emergency situation immediately since if Russian gas taps were turned off, Estonia, for example, would run out of gas in 4-5 days, Eesti Paevaleht writes.
If gas supplies from Russia to Lithuania, Latvia and Estonia were to be disrupted, the soon-to-be-commissioned liquefied natural gas (LNG) facility in Klaipėda would ensure the supply for customers in all three Baltic countries, the European Commission (EC) has said.
As Russia's intervention in Ukraine seems to be entering a lower-intensity stage and reports are coming in about ceasefire agreements, both international and Lithuanian media are indulging in discussions on who are the winners and the losers of the conflict.
Once Japan restarts its nuclear capabilities, it will reduce its reliance on LNG. As a result, global LNG prices should drop, benefiting European states that are eyeing LNG as an alternative to Russian gas. This is particularly crucial for such Eastern European states as Lithuania and Poland that ha...
Russia's Energy Minister Alexander Novak has told a German newspaper that European countries cannot re-export Russian gas to Ukraine due to contract reasons, and hinted those that do could face gas cuts, Reuters reports.
