Lithuania's state-owned natural gas transmission system operator Amber Grid has confirmed the resignation of its chief executive officer, Saulius Bilys.
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The binding obligations imposed by the European Commission on Gazprom to prevent its dominance in Central and Eastern Europe will prove pointless if a second Nord Stream gas pipeline is built, Arvydas Sekmokas, a former Lithuanian energy minister, said on Thursday.
Russian gas concern Gazprom must pay Lithuania a fine of 35.651 million euros, which was imposed two years ago for refusing to sign a gas exchange deal with Lithuania's state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, LEG) formerly known as Lietuvos E...
Lithuania plans to apply on Thursday to a Swedish court for an annulment of a Stockholm arbitration court's ruling in a dispute between the government and Russia's gas giant Gazprom in which the country sought, but was not awarded, 1.4 billion euros in compensation for overpriced Russian natural gas...
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.
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.
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.
On Monday, Energijos Skirstymo Operatorius, which is responsible for providing electricity and natural gas in Lithuania, opened for trade on the Nasdaq Vilnius stock exchange. To mark the occasion, the company's name and logo were displayed on an enormous display in New York City's iconic Times Squa...
Electricity supply and natural gas distribution company Energijos Skirstymo Operatorius (ESO), the new company that was formed by merging the state-owned companies Lesto and Lietuvos dujos, started trading its shares on the stock exchange of Nasdaq Vilnius on Monday.
With the new year will come new changes to Lithuania's tax codes and other laws that will change residents' everyday lives and hopefully propel the country towards continued growth.
Lithuanian electricity grid operator LESTO is merging with the gas company Lietuvos Dujos. The purpose of the merger is to optimise the operations, and reduce costs so that consumers can pay less for gas and electricity, according to Energy Minister Rokas Masiulis.
The Nasdaq stock exchange announced on Monday about reorganization of AB LESTO, Lithuania's electricity distribution network operator, and Lietuvos Dujos (Lithuanian Gas).
Lithuanian electricity distribution network operator Lesto and Lithuanian gas distribution network operator Lietuvos dujos will be reorganised.
A Stockholm arbitration tribunal's oral hearing for Lithuania's suit against Russia's gas supplier Gazprom was completed on Thursday after the parties to the dispute made their closing statements.
Russia's gas giant Gazprom says that an arbitration suit it filed against Lithuania lost its relevance after it sold its stakes in Lietuvos Dujos (Lithuanian Gas) and Amber Grid for 164 million US dollars, more than it sought for in the arbitration case.
The Lithuanian government plans to earmark additional 3.14 million euros for litigation with Russia’s Gazprom at the United Nations’ arbitration court (UNCITRAL, United Nations’ Commission on International trade Law).
Lithuania’s government is starting to discuss ways to spend approximately 1.4 billion euros, which it may receive as compensation from Gazprom if the Stockholm arbitration court sides with Lithuania in its dispute with the Russian gas giant.
State-owned energy company group Lietuvos Energija (Lithuanian Energy) intends to merge electricity and gas distribution network operators, AB LESTO and AB Lietuvos Dujos (Lithuanian Gas). It is said that the synergy of the two companies will enable to increase the group's efficiency, reduce operati...
