Lithuania gets €90m to upgrade apartment block efficiency

Lithuania has secured €90 million (£78.11m) to upgrade the energy efficiency of its multi-apartment buildings. Through the ‘Jessica II’ fund, Šiaulių Bankas and the European Investment Bank (EIB) will finance the refurbishment and modernisation of at least 9,000 apartments. Helping domestic home-owners cut their energy bills and improve the living quality of their homes is one of the key […]

Lithuanian power usage at 25-year high

Lithuania has seen a record growth in power consumption, reaching a 25-year high last year. The final electricity usage totalled 10.47TWh in 2016, according to statistics from transmission system operator LitGrid. Householders, businesses, agriculture and transport sectors used 4.5% more power compared to the previous year. Two-thirds of electricity used in Lithuania was imported, the […]

EU approves state aid for CHP plant in Lithuania

The European Commission has approved support for a combined heat and power (CHP) plant in Lithuania. The nation had notified plans to the Commission to grant €150 million in state aid for the project, which will also be financed by the European Investment Bank. The CHP plant will generate electricity for the Lithuanian power grid […]

Lithuania loses €1.5bn claim against Russia’s Gazprom

Lithuania has lost a €1.5 billion (£1.2bn) compensation claim against Russian energy giant Gazprom in a dispute over natural gas prices. According to Gazprom, the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) “rejected all claims made by Lithuania” with respect to the terms of buying Russian gas. In 2012, Lithuania said it had […]

Poland and Lithuania to build €558m gas link

An agreement for the first gas pipeline connecting Poland and Lithuania has been signed. The €558 million (£410m) Gas Interconnector Poland-Lithuania (GIPL) project is expected to “end the long lasting isolation of the Baltic Sea region”, according to the European Commission. The 534km-long pipeline will be able to ship 2.4 billion cubic meters of gas […]

Lithuania bags €150m for energy efficiency

The European Investment Bank (EIB) has launched a €150 million (£108m) fund to boost energy efficiency in Lithuania. The project called ‘Jessica II’ is expected to help cut energy bills in hundreds of Lithuanian multi-apartment buildings. It follows on the success of the project’s first phase, which has seen up to 250 buildings refurbished. Around 1,000 buildings […]

Lithuania to get gas from Norway

Liquefied natural gas (LNG) will be shipped to Lithuania from Norway after a five year deal between its energy company LITGAS Norwergian firm Statoil. LITGAS officials said the deal marks a new natural gas pricing policy for the country, linking to the natural gas price movements on the international markets. Starting in 2015 Statoil will supply […]

EU to invest €60m in Poland-Lithuania power link

The European Commission is supporting the construction of the electricity interconnector between Poland and Lithuania with a €60 million (£49m) investment. The current project will focus on building a power transmission line between the Polish city of Ełk and the Polish-Lithuania border in the Polish regions of Podlaskie and Warminsko-Mazurkie. It is the fifth major […]

NATO opens energy security centre in Lithuania

Never mind weapons treaties or political manoeuvring – NATO has energy in its sights. The international alliance which includes 28 countries including the UK, USA, Germany and France has opened an energy security centre in Lithuania to research and advise members about ways to power military action. NATO says supply lines and critical infrastructure are […]

EU bank expands support for efficiency projects in Lithuania

Energy-saving projects in Lithuania are getting a further boost with a €40 million (£33.5m) loan from an EU bank. It is the third agreement between the European Investment Bank (EIB) and Siauliu bank – with the aim of increasing energy efficiency of the housing sector. Multi-apartment building administrators and owners can apply for 20-year loans […]