Energy

Vilnius to turn to Stockholm arbitration over damage compensation by France's Veolia

Tuesday, April 25, 2017 16:37
The Vilnius City Council decided on Tuesday to turn to the Stockholm arbitration for compensation of damages caused by the French concern Veolia and its company Vilniaus Energija during lengthy lease of the city's heating sector after they disagreed with the claim of about 200 million euros filed by the city.

Lithuania passes bill to restrict imports from Belarus' Astravyets, other unsafe N-plants

Thursday, April 20, 2017 15:51
The Lithuanian parliament on Thursday adopted a bill to restrict electricity imports from the Astravyets nuclear power plant under construction in Belarus and other unsafe nuclear facilities in third countries.

There's consensus on Baltic grids' synchronization via Poland, but details not yet clear

Thursday, April 13, 2017 10:26
There is a consensus among member countries of the Baltic Energy Market Interconnection Plan (BEMIP) that the Baltic power grids have to be synchronized with the Western European system via Poland, but details, such as the need for a second LitPol Link, remain to be worked out.

Rosatom sought foothold in Lithuania - declassified intelligence info

Thursday, April 13, 2017 08:51
Rosatom
RIA / Scanpix
Russia's nuclear energy giant Rosatom, which is building the Astravyets nuclear power plant in Belarus, had plans to gain a foothold in Lithuania, according to declassified material provided by the State Security Department to the parliament's Committee on National Security and Defence.

Heating prices to grow by at least 8% in Vilnius in June

Friday, April 7, 2017 08:49
Heating prices in Vilnius should grow by 8.2 percent from June, the National Commission for Energy Control and Prices decided on Thursday. However, after the ruling coalition decided to cancel the value-added tax privilege (9 pct), the heating prices in Lithuania's capital city should climb much higher.

Vilnius submits EUR 200 mln claim to Veolia

Thursday, March 30, 2017 11:01
The city of Vilnius has submitted a 200-million-euro claim to Veolia and Vilniaus Energija (Vilnius Energy), the French group's local subsidiary whose 15-year lease on the Lithuanian capital's heating system ended this week, seeking compensation for damage caused to the assets during the lease period.

Poland's refusal of Astravyets N-plant electricity a key signal to Lithuania

Monday, March 20, 2017 11:58
Astravyets nuclear power plant in Belarus
Astravo AE archyvo nuotr.
The statement by a Polish governmental official that the country would not buy electricity from the Belarusian Astravyets nuclear power plant (NPP) sent an important signal to Lithuania, says Lithuanian political scientist Andzejus Pukšto.

Energy issues to be discussed at 6th Traditional and Renewable Energy ForumFREE

Wednesday, March 15, 2017 15:05
Traditional and Renewable Energy Forum will be held for the sixth time in Vilnius on 26 April. Each year the event brings together energy sector leaders and is dedicated to provide a strategic energy outlook in the Baltic region, discuss the issues of regional cooperation, analyse changes taking place in the gas, electricity and renewable’s sector.

ForMin: Belarusian stance on Astravyets devaluates intl conventions

Tuesday, February 28, 2017 10:15
The Belarusian attitude towards the Astravyets Nuclear Power Plant (NPP) under construction in its territory undermines the importance of international conventions in the settlement of disputes on possibly negative environmental effects of nuclear utilities, says Lithuania's Foreign Minister Linas Linkevičius.

PM seeks Germany's support on power grid synchronization, Belarus' N-plant

Thursday, February 23, 2017 11:34
Lithuanian Prime Minister Saulius Skvernelis plans to focus on energy issues, such as the planned synchronization of the Baltic power transmission grids with the Western European system and the safety of the Astravyets nuclear power plant under construction in Belarus, during Thursday's meeting with German Chancellor Angela Merkel in Berlin.

Energmin sees some positive shift in Latvia's stance on Belarus' N-plant

Thursday, February 23, 2017 09:20
Lithuanian Energy Minister Žygimantas Vaičiūnas says that an agreement has been reached with Latvia to appoint a group of experts to look at possible ways of blocking electricity from Belarus' Astravyets nuclear power plant, which could signal a positive shift in the neighboring country's more reserved position toward the facility under construction some 50 kilometers from Vilnius.

Minister of Energy to ask about Latvian stance on Astravyets

Wednesday, February 22, 2017 10:05
Building site of the Astravyets Nuclear site
Ramūnas Bogdanas
Amid the discussions in Lithuania on ways to halt the construction of the Astravyets Nuclear Power Plant (INPP) in Belarus, Lithuania's Energy Minister Žygimantas Vaičiūnas is addressing the issue in Latvia on Wednesday.

Electricity consumption highest in a quarter of a century

Tuesday, February 21, 2017 13:25
LitPol Link
LitPol Link
In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector, Litgrid press office reported.

Vytautas Landsbergis: Lithuania experiencing nuclear blackmail

Friday, February 17, 2017 11:01
Vytautas Landsbergis, Lithuania's first post-independence leader, has expressed his concern over the Astravyets nuclear power plant that Belarus is building close to the border with Lithuania.

IAEA official: Belarus' N-plant is a serious project

Monday, February 13, 2017 10:57
The Astravyets nuclear power plant under construction in Belarus, not far from the border with Lithuania, is a serious project that preliminary meets the International Atomic Energy Agency's safety standards, one of the agency's heads said in an interview with BNS.

Belarus selectively applies nuclear safety standards

Thursday, January 19, 2017 13:10
Belarus selectively applies nuclear safety standards in the construction of the Astravyets nuclear power plant, Lithuanian Foreign Minister Linas Linkevičius said on Thursday.

Latvian minister: We grasp Astravyets concerns, don't plan embargo laws

Monday, January 16, 2017 10:18
The Latvian government supports the Lithuanian position to demand the highest security standards at the Astravyets nuclear power plant under construction in Belarus, however, does not consider any laws to restrict electricity imports from the utility, says Latvia's Foreign Minister Edgars Rinkēvičs.

Electricity price drops by 13% due to NordBalt and LitPol Link

Wednesday, January 4, 2017 11:19
In 2016, the average price for electricity in the Lithuanian bidding area of Nord Pool was the lowest in the history of the exchange: EUR 36.5 per megawatt hour (MWh). The price was 13% lower compared to 2015 and 25% lower than in 2014 and 2013, LitGrid AB informed in its press release today.

Buying gas from Russia's Gazprom may be risky (1)

Tuesday, January 3, 2017 19:37
Buying gas from Russia's Gazprom may be risky
Sputnik/Scanpix
Some Lithuanian political scientists say that the growing share of Russia's gas giant Gazprom on the Lithuanian gas market may be risky, although the new deals made by Lithuanian companies on cheaper Russian gas make sense.

Vilnius Energy co asks Stockholm arbitration to appoint valuers of heating grid

Thursday, December 29, 2016 14:10
Vilniaus Energija (Vilnius Energy), Lithuania's biggest district heating supplier controlled by France's Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Šilumos Tinklai (Vilnius Heating Grid, VST ).

EU aid for Klaipėda FSRU purchase to depend on Latvia, Estonia - EnergMin

Tuesday, December 27, 2016 16:16
Independence, Klaipeda LNG terminal's floating storage and regasification unit
DELFI (E.Skardžiaus nuotr.)
Lithuania's talks with the European Commission on EU funding for the acquisition of the Klaipėda liquefied natural gas ( LNG) terminal's vessel will depend on whether Latvia and Estonia recognize it as a regional facility, Energy Minister Žygimantas Vaičiūnas said.

LNG competence centre to open its doors in Klaipėda

Tuesday, December 27, 2016 12:07
Opening of the liquefied natural gas (LNG) competence centre in the seaport is a significant event for the Lithuanian LNG cluster members in the outgoing year 2016. A modern training infrastructure, which was marshalled in business incubator of Klaipėda University (KU), will serve the LNG terminal engineering students, as well as the specialists from Lithuania and abroad working in that field, the Klaipėda University stated in a press release.

Electricity price will decline by 5% in 2017

Friday, December 23, 2016 11:19
Electricity prices for household users in Lithuania will decline by an average of 5 percent next year, the National Control Commission for Prices and Energy said on Friday.

Minister of Energy: paradox but occupation isn't over in energy industryCORP

Thursday, December 22, 2016 16:08
The new Minister of Energy Žygimantas Vaičiūnas does not deny the possibility that in negotiations to disconnect from the so-called BRELL ring there could be tensions, but states that Russia understands the goals of Lithuania and other Baltic States perfectly well.

Achemos Grupė's oil terminal sues Klaipėdos Nafta for EUR 6 mln

Tuesday, November 29, 2016 10:20
Achema
Bendrovės nuotr.
Krovinių Terminalas (Cargo Terminal), an oil product terminal owned by Achemos Grupė, last week turned to court over a deal between Klaipėdos Nafta (Klaipėda Oil) and Orlen Lietuva that allegedly violates the Law on Competition and restricts fair competition in the Klaipėda port's light petroleum product market, the daily Lietuvos Žinios reported on Tuesday.

EnergMin candidate says closure of ministry not a priority issue

Monday, November 28, 2016 16:11
Žygimantas Vaičiūnas, the Lithuanian Peasant and Green Union's candidate to become the country's next energy minister, says that the proposed closure of the Energy Ministry and transfer of its functions to the Economy Ministry is an issue of secondary importance.

Vilnius to take energy co to court over EUR 190,000 overpayment for heating

Wednesday, November 23, 2016 11:58
Administration of Lithuania's capital Vilnius intends to take Vilniaus Energija, heating supplier to the city, to demand that it pays back some of the money, 190,000 euros, for heating when it bought biofuel at a price far above the market price.

Lithuania's new energy strategy: NordBalt2 in 2025, halt of Visaginas N-plant project

Tuesday, November 15, 2016 12:58
The Lithuanian and Swedish electricity markets should be connected by the second interconnection, NordBalt 2, by 2025, while the Visaginas Nuclear Power Plant project should be frozen, suggests a new energy strategy worked out by the outgoing Lithuanian Energy Ministry and presented by Minister Rokas Masiulis on Tuesday

Lietuvos Energija CEO denies being offered Minister of Transport job

Thursday, November 3, 2016 16:46
Dalius Misiūnas, CEO of the Lithuanian state-energy holding company Lietuvos Energija (Lithuanian Energy), denies that he has been offered the post of transport minister in the country's next government.