Lithuania aims to generate 100 percent of its electricity domestically in the future, with 80 percent of the total power demand to be met using renewable resources, according to a draft new National Energy Strategy.
Electricity
© DELFI / Audrius Solominas

The draft strategy sees natural gas as a transitional fuel until 2050, expects the Klaipėda liquefied natural gas (LNG) terminal to supply gas to the Baltic countries, Poland and Ukraine, and gives a top priority to the country's power grid synchronization project.

The document makes no mention of nuclear energy development in the country.

Lithuania currently imports around 70 percent of its electricity. The strategy, drafted by the Energy Ministry, envisages that domestically-produced electricity will cover 35 percent of the country's needs in 2020, 70 percent in 2030 and 100 percent in 2050.

However, the aim will be to ensure that electricity prices are not higher than those in neighboring countries.

Under the draft strategy, renewable energy will become the main source of energy in all sectors: electricity, heating, cooling and transport. The document sets the target of increasing the RES share in the country's total energy balance to 30 percent in 2020, 45 percent in 2030 and 80 percent in 2050.

An additional 250-megawatt quota is to be allocated for wind power plants by 2020, with wind energy to become the main source of energy in Lithuania.

The Energy Ministry regards natural gas as a transitional fuel until 2050, when the economy is expected to switch to cleaner energy sources.

The ministry acknowledges that the costs of gas infrastructure in Lithuania are "relatively expensive", but it expects these costs to decline after the LNG terminal, which is currently leased, is purchased.

It is also planned that after a gas interconnection with Poland becomes operational in 2021, Lithuania will export gas via the terminal to Poland and Ukraine, which will reduce the share of the costs covered by Lithuanian consumers.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Higher oil prices boost inflation

Annual inflation accelerated to 2.9% in October compared to 2.4% in September. On a monthly basis...

Railsbank opens new office in Lithuania

Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius,...

Reduced Klaipėda seaport charges for container ships to boost the development of shipping

In order to create more favorable conditions for container ships, entering the Klaipėda seaport, the...

A digital creative agency has come up with the idea of how to attract more tourists to Vilnius

The Gediminas Castle, the Hill of Three Crosses and Užupis are probably the most popular tourist...

The future of real estate industry is here already

The Fourth Industrial Revolution (4IR) is already affecting every corner of economy and our lives, and...