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Lithuania has cut its dependence on Russian natural gas by 63.2% in the first quarter of 2016 as new supply contracts with Norway’s Statoil came into effect.

Lithuania's fertilizer manufacturer Achema, the country's single largest natural gas consumer, is looking to sign a long-term gas supply contract that would provide more stability and make it easier to plan operations, according to the company's CEO.

Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the United States, Bloomberg reports.

Lithuania has bought gas in Gazprom‘s auction, but it is unclear how much gas was purchased or at what price.

CEO of Lietuvos Energija (Lithuanian Energy), Lithuania’s state-owned energy holding, says the company intends to take part in Gazprom’s natural gas auction for the Baltic countries this week, but the auction price will have to be comparable to those in Europe and lower than the one offered by Gazpr...

Lithuania's gas trade company Litgas, which is part of the state-owned energy holding Lietuvos Energija (Lithuanian Energy), on Thursday signed a revised LNG supply contract with Norway’s Statoil.

Lithuania was one of the few EU countries to reduce its dependence on Russian gas supplied by Gazprom last year, with 20 countries including Germany, Italy, Britain and Denmark all importing more gas from the Russian energy giant in 2015.

New gas tanker with Statoil natural gas reached the Klaipėda LNG terminal yesterday on Independence day, marking a new phase in Lithuania’s move away from dependence on Russian gas supplies.

A new shipment of Statoil’s liquefied natural gas (LNG) will be delivered to the Lithuanian LNG facility in Klaipėda this week.

Lithuania will import more gas from Norway than from Russia in 2016 for the first time after closing a number of supply deals with Statoil facilitated by its liquefied natural gas (LNG) infrastructure, Lithuania's energy minister said on Monday.

The increasing share of liquefied natural gas (LNG) in the Lithuanian market and the decreasing dependence on Russian gas is a good sign for consumers in Lithuania, according to analysts.

Lithuania’s state-owned gas supply company Lietuvos Dujų Tiekimas (Lithuanian Gas Supply, or LDT), which has until now purchased gas only from Russia’s Gazprom, will buy it from Norway’s Statoil.

Russia's gas behemoth Gazprom will have to be more flexible in order to sell gas in Lithuania, Energy Minister Rokas Masiulis said on Tuesday, commenting on a liquefied natural gas (LNG) purchase deal reached between Achema, the country's largest gas consumer, and Norway's Statoil.

Achema, Lithuanian fertilizer producer and the biggest gas consumer in the country, concluded a gas supply deal with Norway's Statoil on Tuesday. Statoil will deliver liquefied natural gas (LNG) to the company in tankers via the LNG terminal in Klaipėda.

Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway's Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%.

Lithuania's gas company Litgas has concluded negotiations with Norway's Statoil to review it's five-year liquefied natural gas (LNG) supply contract, substantially cutting maintenance costs of Lithuania's LNG terminal and the price for gas consumers, Prime Minister Algirdas Butkevičius says.

Litgas, the gas trading arm of the state-owned energy group Lietuvos Energija, will sign a renewed liquefied natural gas (LNG) supply contract with Norway's Statoil on Monday.