No more Russian oil, gas and electricity imports in Lithuania from Sunday

Date

2022 05 20

Rating
6
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Nord Pool has decided to stop trading Russian electricity from its only importer in the Baltic States Inter RAO.

It means that as of Sunday, Lithuania will have completely cut import of Russian energy supplies, i.e. oil, electricity or natural gas.

"Not only it is an extremely important milestone for Lithuania in its journey towards energy independence, but it is also an expression of our solidarity with Ukraine. We must stop financing Russian war machine," says Dainius Kreivys, minister of energy of Lithuania.

The minister also stresses that Lithuania will achieve full energy independence when it successfully implements synchronisation, meets its electricity needs through local green energy production and becomes an electricity exporter.

Lithuania's gas needs are endured via the Klaipėda LNG terminal with cargoes from the US, its electricity needs are met through local power generation and imports from EU countries through existing interconnections with Sweden, Poland and Latvia, while Orlen Lietuva, the only oil importer in Lithuania, refused to import Russian crude oil more than a month ago.