ANNOUNCEMENT 06 Oct 2010In October 2010, the government of Lithuania announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
National Energy (Energy Independence) Strategy (6 October 2010): http://www.enmin.lt/en/activity/veiklos_kryptys/strateginis_planavimas_ir_ES/NIS_project_2010_2050.pdf
National Energy Independence Strategy (26 June 2012): http://www.le.lt/media/dynamic/files/481/nationalenergyindependencestrategy.pdf
On 6 October 2010, the Government of Lithuania approved the National Energy Independence Strategy and submitted it to the Lithuanian parliament (Seimas) for approval.
The main objective of the policy is to fully integrate the Lithuanian energy system into the European one.
The Government aims at ensuring sufficient local electricity generation capacities to cover domestic demand. This is to be achieved via the liberalization of the energy market. A first step will be the implementation of the 3rd EU energy package.
Moreover, in order to increase the electricity generation from renewable energy sources, the state will support:
-exploration, extraction and import of shale gas in the country;
-initiatives increasing heat consumption efficiency, utilization of waste energy potential and increase in the use of biomass.
The Strategy will open the Lithuanian energy market to foreign companies, with a paerticular focus on the integration with the European market. This will benefit those willing to invest in the Lithuanian energy sector.
The Seimas approved the Strategy on 26 June 2012, with Resolution No. XI-2133 (Official Gazette No. 80-4149).