„KN Energies“ agreed on joint projects with Vietnam’s „Indel Petro“
State-owned oil and liquefied natural gas (LNG) terminal operator “KN Energies” has agreed to cooperate with the Vietnam-based company “Indel Petro” in energy and…
Energetika
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„Litgrid“: higher import flows and increased wind generation reduced electricity price
Last week, due to increased import flows from Sweden and growing wind generation in the Nordic countries, electricity prices in Lithuania decreased by a quarter.
TEA: due to the war in the Middle East, more and more electricity is generated from coal
The International Energy Agency (IEA) forecasts that this year, coal-fired electricity generation volumes should increase due to supply difficulties of other energy sources and rapidly increasing…
„Litgrid“: by 2035, Lithuania will need 3 GW of new system flexibility capacity
With the growing production and consumption of renewable energy sources (RES), over approximately a decade, Lithuania will need approximately three more gigawatts (GW) of new electricity system flexibility…
How Europe escaped a complex crisis: it could have been very bad
A little over three months ago, the situation in Europe looked bleak. After the Strait of Hormuz was practically closed, analysts and the International Energy Agency (…
In the Seimas – a proposal to reduce diesel excise duty, the safety and CO2 components of other fuels
The “Nemuno aušros” faction and several parliamentarians belonging to the Mixed Group of Seimas members propose to reduce fuel excise duties.
ECB made a decision on interest rates
After raising interest rates in June, the Governing Council of the European Central Bank (ECB) decided on Thursday not to change any of the three main interest rates.
Germany approved controversial French and Russian nuclear project
German officials on Wednesday announced they had given the green light to a controversial French-Russian nuclear project.
Rising oil prices significantly increased Norwegian oil company Equinor’s profit
Norwegian energy giant Equinor announced on Wednesday that rising hydrocarbon prices due to the war in the Middle East led to a sharp jump in profit in the three months to…
Government: an infrastructure development plan for the power line to Latvia will be prepared
The Government on Wednesday approved the Ministry of Energy’s proposal to initiate a 330 kilovolt (kV) electricity transmission line between Lithuania and Latvia’s engineering infrastructure…