Scheduled annual maintenance on the NordBalt electricity cable between Lithuania and Sweden has been put off for more than two months due to the difficult situation in the electricity market. The Lithuanian Energy Ministry said that Litgrid, the country’s power transmission system operator, had made the decision on the ministry’s instructions. According to the Energy…
Skyrocketing gas and electricity tariffs promise to hurt Baltic countries this winter and possibly drive some poultry farms to bankruptcy. Darius Gudaciauskas, director of Lithuanian poultry companies Vilnius Poultry and Kaisiadoriu Poultry, said that the increased gas and electricity prices in 2022 had hit his business much harder than the Covid-19 pandemic in the previous…
The Lithuanian government will provide partial compensation to customers of Perlas Energija, an independent electricity supplier, after its announcement of the suspension of operations, Energy Minister Danius Kreivys has said. “Perlas Energija consumers from the first and second electricity market liberalisation phase can choose another electricity supplier, and they should do it until September 1,”…
Russian and Belarusian companies could use foreign-based banks, among other ways, to pay Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) for transit shipments via Lithuania to Kaliningrad, Transport Minister Marius Skuodis has said. “I can neither confirm nor deny that Siauliu Bankas is the only bank processing payments for transit shipments, but what is very important is…
Following the electricity shortage on the Baltic electricity exchange on August 16, the Lithuanian power grid operator Litgrid activated additional reserves, with the Panevezys and Elektrenai power plants starting to generate electricity on August 17. “Litgrid activated the Panevezys power plant from its cold state, as well as the additional reserve capacity in the combined…
China has not yet officially notified the Lithuanian Transport Ministry that it is severing transport ties with the country, Transport Minister Marius Skuodis said on August 18. “There are no official announcements, so I am reacting to this as a kind of rhetoric, which, in our opinion, is unjustified,” he said. In response to Deputy…
A tanker has taken 15,000 tons of Ukrainian sunflower oil out of Klaipeda, according to Bega, a stevedoring firm operating at the seaport. The cargo was loaded last week and is one of the largest Ukrainian shipments to depart from Klaipeda, Aloyzas Kuzmarskis, Bega’s board chairman, said on August 16. “This tanker is unique as…