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2019 01 23
European Commission funding for synchronisation: proof that this is an EU-wide project

On the 23rd of January the European Commission has allocated funding for synchronisation of the Baltic States' electricity grid with the continental European system. The funding will come from the Connecting Europe Facility and will amount to 323 million euros for the projects in all three Baltic states. 125 million euro of this sum will...

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2019 01 18
European Parliament approval of funding for Ignalina NPP decommissioning demonstrates political strength and is of strategic importance

At the plenary session on 17 January,  the European Parliament (EP) approved the report on the draft Ignalina programme regulation, in which funding of EUR 780 million, the exact amount requested by Lithuania, is proposed to be allocated for the decommissioning of the...

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2018 12 21
New Polish-Lithuanian submarine HVDC cable “Harmony Link” – Initial Cooperation Agreement signed

Today the Management Boards/CEO’s of Polish and Lithuanian Transmission System Operators, PSE and LITGRID, signed Initial Cooperation Agreement, being the commitment of both TSOs to undertake development activities in the Preparation Phase of the project of construction of new Polish-Lithuanian submarine HVDC cable....

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2018 12 21
The Parliament approves of the new model of renewable energy development

On 20 th  of December, the Seimas approved the amendments to the Law on Energy from Renewable Sources, establishing a new support model for the promotion of power plants that use renewable energy sources (RES). Transparent, open and technologically neutral auctions will be held for this purpose.

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2018 12 18
Lithuanian Parliament approves of the acquisition of the LNG-FSRU vessel

On the 18th of December, Lithuanian Parliament has approved the amendments of laws initiated by the Ministry of Energy, which will allow to reduce the annual costs of the liquefied natural gas (LNG) terminal as soon as next year.

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2018 11 27
Capacity mechanism concept is being created for the development of local power generation

The Ministry of Energy has taken practical steps in implementing the National Energy Independence Strategy (hereinafter referred to as the ‘Strategy’) while starting development of capacity mechanism concept. 

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2018 11 13
Market Options for Developing Flexible Local Power Generation Being Assessed

The Ministry of Energy is calling out to existing and potential market participants regarding the development of new electricity generating capacities. Market participants are being asked to provide information about plans to develop reliably available electricity generating capacities with a total output of more than 10 MW and an expected launch...

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2018 11 07
Minister of Energy: the upcoming three or four years will see new opportunities for cooperation in the gas market

On November 6, Minister of Energy Žygimantas Vaičiūnas participated in the forum organised for the regional gas market, during which the prospects of Lithuanian-Polish cooperation were discussed. In his welcome speech, the Minister emphasized that after the major gas infrastructure projects, such as...

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2018 10 24
Minister of Energy Žygimantas Vaičiūnas: LNG terminals bring strategic and economic benefits

On 22nd of October Minister of Energy Žygimantas Vaičiūnas attended the conference on energy security in Zagreb. At the bilateral meeting with President of Croatia Kolinda Grabar-Kitarović, energy security matters relevant for both countries and in particular the importance of LNG terminals in strengthening the energy...

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2018 10 12
European power grid to be expanded to the Baltic States

The ENTSO-E (European Network of Transmission System Operators for Electricity) Regional Group Continental Europe has adopted a decision to expand the synchronous grid of Continental Europe to the Baltic States.

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2018 10 12
Rules to prevent entry of Belarus electricity into the Lithuanian electricity market due to the threats from Astravyets NPP are being prepared

The Ministry of Energy submitted  for public coordination  amendments to the rules for trade in electricity and the description of the procedure of electricity import and export.

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2018 09 21
Visit of the Minister of Energy in Tokyo: renewable energy, closure of Ignalina NPP and energy security

On 18–20 September, Minister of Energy Žygimantas Vaičiūnas visited Tokyo (Japan), where he met representatives of the Government and ministers and heads of the largest energy corporations to discuss possibilities and prospects for cooperation in energy sector.

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