Latest news
Lithuania: 900 MW of gas-fired generation to be shut by 2016
Lithuania's major power producer, Lietuvos Energijos Gamyba (LEG), will shut 900 megawatts of gas-fired generation capacity by 2016 because of negative margins, as stated by the company on Wednesday.
read more... 21/08/2014
Chevron abandons the exploration of shale gas in Lithuania
U.S. oil and energy giant Chevron has announced it has decided to abandon the tender to explore shale gas in Lithuania because of the unfinished legislative base for hydrocarbon exploration in Lithuania.
read more... 09/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
Japan’s Hitachi to build a nuclear power plant in Lithuania
Lithuania’s government has approved a deal with Japan’s Hitachi involving the construction of a new nuclear power plant, aimed to reduce the Baltic country’s energy dependence on Russia.
read more... 22/06/2012
Baltic countries to break Russia’s energy grip
On July 13, Lithuania took the decision to become the first European Union to adopt a liberalization law which will involve the separation of pipelines from Gazprom's control by "unbundling" - an anti-monopoly measure.
read more... 15/07/2011