gas market

Lithuanian Prime Minister Saulius Skvernelis met with his visiting Estonian counterpart Juri Ratas on Thursday and said he could not say yet if Lithuania would join a common gas market with other regional countries.

Gas consumption in Lithuania is decreasing, but in order to maintain expensive infrastructure the state will have to encourage energy production from gas, regardless of price.

Lithuania has been one of the loudest voices in Europe pushing for increasing energy independence from Russia, but not all EU countries are following this strategy. Finland, which is not a member of NATO, is set to increase its dependence on Russian gas and uranium, which has some in the country wor...

If Latvia's gas provider, Latvijas Gaze, will agree to draft rules and conditions for Lithuania's gas providers, then Lithuanian gas exports may begin as early as this year. The Latvian high court's decision to allow such a transfer removed one hurdle to the effort, but others remain.

On 15 December, Lithuania's Ministry of Energy held a meeting of the Committee of Senior Energy Officials of the Baltic Council of Ministers (BCM) to address the development of a regional gas market and to cooperate on the synchronisation of the Baltic states' power systems with the networks of Cont...