Gazprom EN

Lithuania has bought gas in Gazprom‘s auction, but it is unclear how much gas was purchased or at what price.

CEO of Lietuvos Energija (Lithuanian Energy), Lithuania’s state-owned energy holding, says the company intends to take part in Gazprom’s natural gas auction for the Baltic countries this week, but the auction price will have to be comparable to those in Europe and lower than the one offered by Gazpr...

Russia's state-owned natural gas company Gazprom said it would hold its second gas export auction in mid-March, offering more than 560 million cubic metres of gas to Lithuania and Latvia, Reuters reports.

Lithuania and Slovenia agree that the Nord Stream 2 gas pipeline Russia plans to build would shatter the European Union's unity and distort competition on the European gas market, the Lithuanian President's Office says.

The total amount of Russian investment in Lithuania is now four times below the level it was a decade ago, dropping to €500 million last year, reports business daily Verslo Žinios.

Lithuania was one of the few EU countries to reduce its dependence on Russian gas supplied by Gazprom last year, with 20 countries including Germany, Italy, Britain and Denmark all importing more gas from the Russian energy giant in 2015.

New gas tanker with Statoil natural gas reached the Klaipėda LNG terminal yesterday on Independence day, marking a new phase in Lithuania’s move away from dependence on Russian gas supplies.

A new shipment of Statoil’s liquefied natural gas (LNG) will be delivered to the Lithuanian LNG facility in Klaipėda this week.

Latvia's parliament, the Saeima, passed amendments to energy law, opening up the country's gas market to external suppliers, including, potentially, to Lithuania's liquefied natural gas (LNG) terminal.

Russia‘s influence on Lithuania and the Baltic States is in serious decline with Russian businesses and capital playing a smaller and smaller part in the region, according to Forbes.

Lithuania will import more gas from Norway than from Russia in 2016 for the first time after closing a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure, Lithuania's energy minister said on Monday.

The increasing share of liquefied natural gas (LNG) in the Lithuanian market and the decreasing dependence on Russian gas is a good sign for consumers in Lithuania, according to analysts.

Lithuania’s state-owned gas supply company Lietuvos Dujų Tiekimas (Lithuanian Gas Supply, or LDT), which has until now purchased gas only from Russia’s Gazprom, will buy it from Norway’s Statoil.

The EU wants to examine the contracts which Gazprom has signed with European companies including in Lithuania, amid suspicions that the Russian state energy company has imposed unfair prices which breach EU rules, a German newspaper has reported.

Russia's gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country's largest gas consumer, and Norway's Statoil.

Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway's Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda.

The EU is seeking new powers to vet gas contracts between Russia and EU countries like Lithuania and the Baltic States before they are signed in an effort to curb the influence of Gazprom on European Union gas markets.

Vilniaus Energija, the Lithuanian energy company owned by France's Veolia (formerly Dalkia), has failed to convince a court that it should be reimbursed €19 million it overpaid for Gazprom gas.

The Nord Stream 2 gas pipeline to Germany, which Russia plans to build across the Baltic Sea, is economically unsound and is a political project aimed at dividing European Union countries, said Lithuania’s President, Dalia Grybauskaite.

Gas prices will rise for Lithuanian buyers of gas from Gazprom, Russia's gas monopoly, but according to Dalius Misiūnas, the CEO of the Lietuvos Energija energy company holding in Lithuania, this should not translate into higher prices for end users.