2012 08 30

Shale gas gas the potential to trigger revolution in Lithuania’s energy sector

Shale gas may trigger a revolution in Lithuania’s energy sector, believes Pawel Olechnowicz, president of the board of directors of Central Europe Energy Partners (CEEP), a Brussels-based non-governmental association of energy companies.
Dujos
Gas / Laurio Viksnės/BFL nuotr.

The European Union (EU) should increase the efficiency of coal use so as to prevent a decline in Europe’s energy sector. Lithuania, in its turn, should start using shale gas, the Lietuvos Rytas daily quotes him as saying.

“Shale gas may trigger a real revolution in the energy sector. It is a huge opportunity for Lithuania to enhance its energy independence from the East and to drive down the prices on the local market. Extraction of this gas may trigger positive economic and political developments,” Olechnowicz, chairman of the board of Poland’s Grupa Lotos, said.

A nuclear power plant planned to be built in Visaginas should also change the energy map, he said.

Olechnowicz believes that Lithuania should focus on energy during its EU presidency term.

Report mistake

Successfully sent

Thank you

Economy

Lithuanian producers of EPS on the way to circular economy
Gilužio Rivjera by the real estate company Homa – hundreds of apartments and millions in investment
Capitalica fund successfully issued bonds amounting to EUR 5 million to finance the Verde project in Riga

Feature

State Progress Strategy 'Lithuania 2050': will Lithuania become the 'Silicon Valley' of social enterprise?
Citus Experts: Planning to Furbish or Brush Up your Home Interior? Get Ready for a Brutal Run
How do the country's most desirable employers nurture IT talents?

Opinion

Ramūnas Vilpišauskas. The president’s achievements in Brussels were modest
Laurynas Jonavičius. Will the new German government’s foreign policy coincide with Lithuanian interests?
Eastern Partnership ‘beyond westlessness’: a new momentum for the European integration

Politics

Taiwanese Minister Ming-hsin Kung – about Lithuania’s strengths and the two countries’ looming plans
The double standards of “values-based policy”: Lithuania did not join the condemnation of Turkey
Behind the scenes of ambassadorial appointments: Seimas looking for clarification on continuing questioning at the Presidential Palace
Užsisakykite 15min naujienlaiškius