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In a recent report, The Lavtian based ThinkFoundation examined the opportunity that shale gas development provides for Baltic Energy Security. The following summarizes key elements of the report - Global Developments in Shale Gas:A Game Changer for the European and Baltic and Energy Security Lithuania...
Lithuanian Foreign Minister Audronius Azubalis has said that Lithuania is seeking to cooperate with Azerbaijan on energy projects, including gas swapping and investment between the two countries. The country was seeking to increase cooperation in a number of areas, he told the second annual Azerbaijan-Lithuania...
Lithuania’s Klapeidos Nafta is seeking Azeri gas supplies for the country’s planned liquefied natural gas terminal, reports the Baltic News Service, citing an unamed source. Chief Executive Officer Rokas Masiulis is meeting oil and gas companies in Azerbaijan this week, the newswire said.
A deal between Höegh LNG and Klapeidos Nafta to build a $500 million dollar LNG terminal in Lithuania will move ahead, following the approval of the deal by Klapeidos' shareholders. The $500 million award will be paid at $50 million annually over a ten-year period. Following an Extraordinary General...
Norwegian-based Höegh LNG and Lithuania-based Klaipedos Nafta have signed a ten-year deal for one of Höegh's floating storage and regasification units (FSRUs) to be used as an LNG import terminal in Lithuania. The deal comes after a successful bid for the project from Höegh in January...
Gazprom has today announced that is seeking international arbritration against the Lithuanian government in a bid to protect its investments in the country. The announcement comes days after a meeting between Deputy Chairman of Gazprom's Management Committee Alexander Medvedev, Lithuanian Prime Minister...
Lithuania’s State Geological Service is to call an international tender for shale gas concessions this March The Baltic nation plans to offer two concessions for exploration activities: the Silute-Taurage field comprising about 1,400 square kilometres and the smaller Kudirka-Kybartai field, at...
Gazprom Export, the European Commission and the Lithuanian government have met to discuss the unbundling of Lithuania's gas transmission and distribution networks, a statement from the Lithuanian government has said. The meeting took place between Director-General for Energy for the European Commission...
Lithuania's biggest energy company Lietuvos Energija has today requested that Gazprom Export provide natural gas swaps to the country in a bid to reduce current gas prices, following the locating of a supplier with more competitive gas prices. If Gazprom Export agrees to the arrangement, Lietuvos Energija...
Klaipedos Nafta has announced today that the government of Lithuania has signed a resolution to ensure that a planned LNG terminal for the country continues to go ahead. The resolution comes after Lithuanian Prime Minister Andrius Kubilius promised that the LNG terminal project would not be abandoned...