Oil & Gas

Lithuania in talks with Gazprom over new gas supplies


Lithuania has started talks with Russian gas exporter Gazprom GAZP.MM on purchases for the next year as its long-term supply contract expires in December, Baltic news agency BNS reported. Gazprom said on Monday it would hold an auction later this year for gas deliveries to the Baltic States in 2016. Lithuania's Lietuvos Duju Tiekimas (LDT) plans to import up to 500 million cubic metres (mcm) of pipeline gas next year, Haroldas Nauseda, head of LDT's commercial department, told the parliamentary economic affairs committee this week.

Oil & Gas

Statoil, Lithuania to develop Baltic Sea LNG supply business


Norway's Statoil and Lithuania's Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. Litgas, an LNG arm of state-owned Lietuvos Energija, and Statoil signed a preliminary agreement on Thursday to establish a joint venture by the end of 2015, Litgas said in a statement. Statoil has a contract with Litgas to deliver 0.5 billion cubic meters of gas per year to Lithuania's LNG terminal at Klaipeda port in 2014.