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Russia's gas giant Gazprom says that an arbitration suit it filed against Lithuania lost its relevance after it sold its stakes in Lietuvos Dujos (Lithuanian Gas) and Amber Grid for 164 million US dollars, more than it sought for in the arbitration case.
On 26 March, fifteen years ago, Vladimir Putin was elected the president of Russia. The moment coincided with the start of a global oil price boom that brought billions in additional revenue to Russia.
Lithuania's Minister of Energy Rokas Masiulis paid a visit to Riga to take part in a conference on the creation of the European Energy Union. Latvia is currently presiding over the Council of the European Union. The Lithuanian energy minister says such union might contribute to dealing with issues w...
Lithuanian Energy Minister Rokas Masiulis has offered to supply natural gas to Ukraine and to help the country in building a liquefied natural gas (LNG) terminal.
