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2018 03 20
Minister of Energy Presented the Region’s Potential to US LNG Suppliers

On March 19, Minister of Energy Žygimantas Vaičiūnas participated in the Transatlantic Energy Security Forum in Houston (USA), where he presented the situation, trends and challenges of the Lithuanian and regional energy markets.

2018 03 13
Historical Breakthrough Year Anticipated in Lithuanian and Polish Energy Projects

Minister of Energy Žygimantas Vaičiūnas met today with Polish Minister of Energy Krzysztof Tchórzewski. During the meeting, the progress of strategic energy security projects was reviewed and other relevant bilateral relations were discussed.

2018 03 13
Lithuania and Poland Strengthening Strategic Cooperation in the Field of Energy

The Ministers of Energy of Lithuania and Poland signed a memorandum of understanding today (March 9) in an effort to strengthen bilateral dialogue between the two countries in the field of energy. This is the first such agreement between the two closest neighbours.

2018 02 06
Current Energy Issues Discussed With the New Ambassador of the Kingdom of Norway

On 2nd of February Minister of Energy Žygimantas Vaičiūnas met with Karsten Klepsvik, the newly appointed ambassador of the Kingdom of Norway to the Republic of Lithuania. During the meeting, active and productive cooperation between the two countries in the field of energy was discussed.

2018 01 31
Efficient operation and successfully managed risks determined KN high annual results

KN (AB “Klaipėdos nafta”), the oil and liquefied natural gas (LNG) terminal operator, is proud of having overcome last year’s challenges and achieved high income and profitability indicators despite the tense and dynamic situation in the market. KN last year’s income amounted to EUR 106,5 million, and the company earned a net profit of EUR...

2018 01 25
Minister and the Danish Ambassador Focused on Energy Issues in the Region

On 24th of January  Minister of Energy Žygimantas Vaičiūnas met with the Ambassador of the Kingdom of Denmark to Lithuania Mr Dan E. Frederiksen. During the meeting, the focus was put on the discussion of the two countries’ positions on the natural gas pipeline Nord Stream 2, which will run under the Baltic Sea to Russia, planned to be laid by...

2017 12 12
Lithuania and Ukraine Agreed to Cooperate in the Field of Energy

On 8 December, during the visit to Vilnius by the Ukrainian President Petro Poroshenka, a memorandum of understanding (MOU) was signed on the cooperation between Lithuania and Ukraine in the field of energy.  In the presence of the presidents of both countries, the memorandum was signed by the Ministers of Energy of both countries, namely, Žygimantas Vaičiūnas...

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2017 11 30
The Government approves the draft of Lithuania’s national energy independence strategy

The Government held a meeting today (November 29) to approve an updated draft of Lithuania’s national energy independence strategy (the Strategy). The draft Strategy will be submitted to the Seimas for consideration.

2017 11 30
Lithuania’s achievements and opportunities for investors – at the international wind energy conference

On November 28, the Lithuanian Minister of Energy Žygimantas Vaičiūnas took part in the 2017 WindEurope conference and exhibition in Amsterdam. In his speech delivered at the official opening of the event, the Lithuanian minister talked about the development of the Lithuanian wind energy sector. During the event...

2017 11 28
VATESI issued a licence for construction and operation of repository for low and intermediate level short-lived radioactive waste

On 22 November 2017, State Nuclear Power Safety Inspectorate (VATESI) issued a licence to Ignalina Nuclear Power Plant (INPP) for construction and operation of repository for short-lived low and intermediate level radioactive waste (project B25).

2017 11 13
In 2018 the regional electricity market will become even more competitive

On November 9, the Lithuanian Energy Minister Žygimantas Vaičiūnas signed an order to adopt new electricity trading rules. The rules provide for the use of the Baltic Harmonised Imbalance Settlement Model from the start of 2018.

2017 11 10
Discussions on further EU funding for Ignalina NPP decommissioning continue in Brussels

The Lithuanian Energy Vice-Minister Simonas Šatūnas has visited Brussels this week. He continued consultations with the officials of the European Commission (EC) and the members of the European Parliament (EP) concerning further EU funding for the decommissioning works of Ignalina Nuclear Power Plant (NPP).

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