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Amber Grid
AB Amber Grid is the main natural gas transmission operator in Lithuania. It was established in 2013 by spin-off of gas transmission operations from the gas company Lietuvos Dujos. Amber Grid owns all main pipelines in Lithuania, including natural gas compressor stations and natural gas metering and distribution stations. Amber Grid is a member of the European Network of Transmission System Operators for Gas (ENTSOG). In April 2022, President of Lithuania Gitanas Nausėda announced that Lithuanian national gas transmission operator Amber Grid and Lithuania has completely stopped purchasing the Russian gas and the transmission system has been operating without Russian gas imports since the beginning of April with no intention to receive the Russian gas in the future via Minsk–Kaliningrad Interconnection. Lithuania became the first EU country to end imports of Russian gas following the 2022 Russian invasion of Ukraine On 24 February 2022, in a major escalation of th ...
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Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ...
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European Network Of Transmission System Operators For Gas
The European Network of Transmission System Operators for Gas (ENTSOG) is an association of Europe's transmission system operators (TSOs). ENTSOG was created on 1 December 2009 by 31 TSOs from 21 European countries. Creation of the ENTSOG was initiated by the adoption of the European Union third legislative package on the gas and electricity markets. It aims to promote the completion and cross-border trade for gas on the European internal market, and development of the European natural gas transmission network. According to the third energy package ENTSOG is required to develop an EU-wide ten-year gas network development plan. Members ENTSOG now comprises 45 TSOs and 2 Associated Partners from 26 countries and 6 observing TSOs from EU affiliated countries:ENTSOG Member Companies, http://www.entsog.eu/members See also *Agency for the Cooperation of Energy Regulators *European Energy Community *European Network of Transmission System Operators for Electricity (EN ...
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Companies Based In Vilnius
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Natural Gas Pipeline Companies
Nature, in the broadest sense, is the physics, physical world or universe. "Nature" can refer to the phenomenon, phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word ...
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Natural Gas Companies Of Lithuania
Nature, in the broadest sense, is the physical world or universe. "Nature" can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word φύσις by pre-So ...
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Lithuanian Companies Established In 2013
Lithuanian may refer to: * Lithuanians * Lithuanian language * The country of Lithuania * Grand Duchy of Lithuania * Culture of Lithuania * Lithuanian cuisine * Lithuanian Jews as often called "Lithuanians" (''Lita'im'' or ''Litvaks'') by other Jews, sometimes used to mean Mitnagdim See also * List of Lithuanians This is a list of Lithuanians, both people of Lithuanian descent and people with the birthplace or citizenship of Lithuania. In a case when a person was born in the territory of former Grand Duchy of Lithuania and not in the territory of modern ... {{disambig Language and nationality disambiguation pages ...
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Lithuania–Latvia Interconnection
Lithuania–Latvia Interconnection ( lt, Lietuvos-Latvijos dujotiekis, lv, Lietuvas–Latvijas gāzes vada starpsavienojums) is a natural gas pipeline which connects Lithuania and Latvia. History Gas pipeline from Lithuanian border to Iecava with the diameter of 500 mm was built in 1962. It is the oldest pipeline in Latvia. In 2013 construction works for enhancement of capacity of interconnection was finished. New discharge capacity will allow transmissions of 6.48 million cubic metres per day from Lithuania to Latvia and 6.24 million cubic metres per day from Latvia to Lithuania. The pipeline is linked with Estonia–Latvia Interconnection. Enhancement ELLI (Enhancement of Latvia-Lithuania interconnection) was included into the third PCI List adopted by the European Commission on 24 November 2017, in the Baltic Energy Market Interconnection Plan Gas priority corridor. After completion, transmission of natural gas capacity between two countries will roughly double. The ...
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Gas Interconnection Poland–Lithuania
Gas Interconnection Poland–Lithuania (GIPL) is a gas pipeline between Poland and Lithuania. The pipeline was commissioned and started commercial operation on 1 May 2022. The length of the pipeline is and the natural gas can flow both directions. The pipeline will run from Jauniūnai natural gas compression station (GCS) in eastern Lithuania to the Hołowczyce GCS station in eastern Poland. The project was implemented by gas transmission system operators AB Amber Grid (Lithuania) and Gaz-System SA (Poland). The completion of GIPL integrated Lithuania, together with the other two Baltic states and Finland, into the European Union (EU) gas transmission system. History Although the idea of gas interconnection between Poland and Lithuania can be traced as early as 1992, more active preparatory works started in 2008–2009. At that time, Poland considered interconnection with neighbouring states and construction of an LNG terminal in Swinoujscie. During these years the first ...
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2022 Russian Invasion Of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An estimated 8 million Ukrainians were displaced within their country by late May and 7.8 million fled the country by 8 November 2022, while Russia, within five weeks of the invasion, experienced its greatest emigration since the 1917 October Revolution. Following the 2014 Ukrainian Revolution, Russia annexed Crimea, and Russian-backed paramilitaries seized part of the Donbas region of south-eastern Ukraine, which consists of Luhansk and Donetsk oblasts, sparking a regional war. In March 2021, Russia began a large military build-up along its border with Ukraine, eventually amassing up to 190,000 troops and their equipment. Despite the build-up, denials of plans to invade or attack Ukraine were issued by various Russian gove ...
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Minsk–Kaliningrad Interconnection
Minsk–Kaliningrad Interconnection is a natural gas pipeline interconnection between Kaliningrad Oblast of Russia, Lithuania and Belarus. Currently it is the only pipeline supplying natural gas to Kaliningrad Oblast. Lithuania has a contract with Gazprom on gas transit to Kaliningrad via pipeline until 2025. History In 2005, Gazprom built the Krasnoznamenskaya compressor station. In 2009 second line of the pipeline was finished, which allowed to expand maximum discharge up to 2.5 billion cubic metres annually. In 2016, a 25 km gas pipeline branch to Chernyakhovsk and an automated gas distribution station put into service. In October 2017, Gazprom completed the construction of two gas pipeline branches stretching to the towns of Gusev and Sovetsk. In April 2022 President of Lithuania Gitanas Nausėda announced that Lithuanian national gas transmission operator Amber Grid and Lithuania has completely stopped purchasing the Russian gas and the transmission system has been ope ...
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Gitanas Nausėda
Gitanas Nausėda (born 19 May 1964) is a Lithuanian economist, politician and banker who is serving as the ninth and incumbent President of Lithuania since 2019. He was previously director of monetary policy at the Bank of Lithuania from 1996 until 2000 and chief economist to the chairman of SEB bankas from 2008 until 2018. Nausėda ran as an independent in the 2019 presidential election, which he won with over 66% of the vote in the runoff. Early life and education From 1982 to 1987 he studied in Vilnius University, Faculty of Industrial Economics and from 1987 to 1989 in the Faculty of Economics. From 1990 to 1992 he did a practice at the University of Mannheim in Germany under the DAAD scholarship. He defended his PhD thesis "Income Policy Under Inflation and Stagflation" in 1993. Since 2009 he is an associate professor at Vilnius University Business School. Professional and political career Having completed his studies, from 1992 to 1993 he worked for the Research Institut ...
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President Of Lithuania
The President of the Republic of Lithuania ( lt, Lietuvos Respublikos Prezidentas) is the head of state of Lithuania. The officeholder has been Gitanas Nausėda since 12 July 2019. Powers The president has somewhat more executive authority than his counterparts in Estonia and Latvia; his function is very similar to that of the presidents of France and Romania. Similarly to them, but unlike presidents in a fully presidential system such as the United States, he generally has the most authority in foreign affairs. In addition to the customary diplomatic powers of Heads of State, namely receiving the letters of credence of foreign ambassadors and signing treaties, the president determines Lithuania's basic foreign policy guidelines. He is also the commander-in-chief of the Lithuanian Armed Forces, and accordingly heads the State Defense Council and has the right to appoint the Chief of Defence (subject to Seimas consent). The president also has a significant role in domestic poli ...
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