For the first time, a cargo of natural gas ordered by a Ukrainian company has reached the Klaipėda LNG terminal
On Monday, a liquefied natural gas (LNG) cargo from the United Stats of America ordered by D.TRADING International SA, a subsidiary of DTEK Group, the largest private Ukrainian energy company, reached the Klaipėda LNG terminal operated by the international terminal operator KN Energies. Approximately 160 thousand cubic metres of U.S. LNG will be transferred into the tanks of the floating storage and regasification unit (FSRU) Independence from the LNG carrier GasLog Houston that arrived in Klaipėda port. A share of the LNG cargo delivered to Klaipėda will, after regasification, reach Ukraine via pipelines and international interconnector links.
“After the brutal russian attacks on Ukraine’s energy infrastructure, Lithuania was quick to act – a cargo of LNG is already on its way to Ukraine. The Klaipėda LNG terminal is one of the busiest and most utilized in Europe, yet it also provides an opportunity to assist Ukraine – through it, we can help ensure gas supply and energy security for our partners. This is a concrete example of our solidarity and transatlantic cooperation. Together, we are seeking ways to ensure a reliable gas supply to Ukraine during the upcoming winter by making full use of Lithuania’s existing infrastructure,” said Minister of Energy Žygimantas Vaičiūnas.
The Ambassador of Ukraine to Lithuania Olha Nikitchenko noted: “Ukraine is entering another winter under relentless Russian attacks on our critical energy infrastructure. Day after day, Russia strikes purely civilian facilities that provide Ukrainians with heat, light, and the essential services people need simply to live. In such conditions, every reliable route for energy supply becomes a matter of national resilience. Access to the Klaipėda LNG terminal gives Ukraine something extremely important: confidence that even when our facilities are hit, we still have alternative ways to keep our system running. We are deeply grateful to Lithuania, one of the leaders in supporting Ukraine’s energy sector, for taking yet another meaningful step. It strengthens Ukraine, it strengthens our region, and it shows that in the face of terror, transatlantic unity sends a clear message: Russia may try to turn winter into a weapon, but together we will not allow it”.
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Originally published on 18 Nov
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On 6 February, the Baltic Assembly convened in Vilnius to address strengthening regional cooperation with a focus on the progress and future delivery of Rail Baltica. During the session, members received an update on the project’s implementation status, financial outlook, and strategic importance and the challenges facing large-scale infrastructure projects.
Addressing the Assembly, RB Rail AS Chief Executive Officer Marko Kivila highlighted the project’s transition from planning to full-scale construction across all three Baltic states.
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Originally published on 6 Feb
In 2025, the European Investment Bank (EIB) and the European Investment Fund (EIF), which together form the EIB Group, provided financing to Finnish public sector bodies and companies across a range of sectors, from sustainable transport and social infrastructure to advanced technologies and small business finance. The funding supported climate action, energy security, innovation and access to finance for startups and small and medium-sized enterprises. Total EIB Group financing amounted to around €1,6 billion and the support helped mobilise total investments in Finland of about €4.9 billion – equivalent to 1.8% of GDP or €868 per person.
Among the year’s key projects was EIB support for new tram infrastructure in the Helsinki metropolitan area, strengthening sustainable urban mobility and reducing emissions from transport. The EIB also financed upgrades to hospitals and schools across Finland, improving energy efficiency and resilience in essential public services, as well as investments to enhance safety and reliability at the Olkiluoto nuclear power plant, supporting secure low-carbon electricity generation.
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Originally published on 4 Feb
German energy company Danpower Group is acquiring a majority stake in SW Energia OÜ, one of Estonia’s leading district heating providers, says the official press-release. Danpower Group is a Potsdam-based energy company specializing in district heating and renewable energy solutions for municipalities, industries, and residential areas across Germany and now Estonia.
The deal, signed on January 27, awaits approval from the Estonian Competition Authority and aims to accelerate the transition to renewable energy in Estonia’s heating sector.
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Originally published on 5 Feb
Viking Line is starting 2026 by renewing its offer of travel and transport powered by a high share of renewable European biogas. After multiplying the use of biofuel tenfold last year, the Åland-based shipping company has now secured another year at the same ambitious level.
The biogas is used alongside liquefied natural gas on the company’s newest ships, Viking Glory and Viking Grace, which operate daily between Turku and Stockholm. This combination results in very low sulphur and particle emissions, as well as a greatly reduced climate footprint.
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Originally published on 3 Feb
The author of the most promising idea in the business idea competition at this year’s Icebreakers’26 business opportunity festival will receive €10,000 to support the development of their entrepreneurial venture.
Icebreakers’26 will take place at the University of Latvia’s (UL) House of Science in Torņakalns on March 5. The festival’s central theme is “Change the Rules of the Game,” accentuating the audacity to think and act differently in order to create innovations and develop entrepreneurial skills. It is a theme that encourages participants to challenge conventions, step out of their comfort zones, and seek new solutions that drive change in business, research, and society. It encourages the use of knowledge, creativity, and collaboration as a foundation for sustainable development—and participants to not merely follow trends, but actually change the rules of the game.
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Originally published on 4 Feb
Lithuanian capital markets infrastructure provider Axiology has secured €5 million in seed funding to expand its regulated, blockchain-based platform for issuing, trading, and settling securities across Europe. The investment will support the rollout of new tokenised securities capabilities under the EU DLT Pilot Regime and accelerate the company’s go-to-market strategy.
The funding round was led by Exponential Science, e2vc, and Coinvest Capital, with participation from TIBAS Ventures and Plug and Play. Existing investors, including BSV Ventures, NGL Ventures, and others, also joined the round. To date, Axiology has raised €7 million in total.
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Originally published on 4 Feb
At a media event hosted today by the Investment and Development Agency of Latvia, it was announced that the Slovenia‑based energy company NGEN Group is entering the Latvian market with a €50 million investment.
According to information provided by investors, a deal has been concluded whereby NGEN Group has become the 100% owner of SIA “Liepāja ESS” to implement a stand-alone grid-connected battery energy storage project with a capacity of 100 MW and a storage capacity of 200 MWh in Grobiņa parish, Dienvidkurzeme region, at the Grobiņa substation. Construction work is planned to be completed this year.
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Originally published on 3 Feb
To secure the status of Europe’s frontier DefenceTech destination, Estonia is moving fast, and is now building a pipeline for defence startups to win major international funding. Estonia’s Ministry of Defence, in collaboration with the Ministry of Economic Affairs and Communications, has established a pre-accelerator programme called the Defence Business Lab, according to the official press release.
Designed to help local companies compete more effectively in major international defence funding competitions, the programme aims to prepare early-stage development teams for successful applications to NATO DIANA (Defence Innovation Accelerator for the North Atlantic) and the European Defence Fund (EDF), two significant sources of defence funding.
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Originally published on 2 Feb
Innovation in Finland defines the way business operates. The country fosters ecosystems where global players connect, and technology leadership spans AI, connectivity, electrification, and defense. For international investors and partners, Finland offers advanced solutions and a collaborative model that accelerates impact.
“We are living in an AI supercycle,” notes Nokia’s Veli-Pekka Luoma, emphasizing Finland’s shift from connecting people to connecting intelligence. This vision is backed by robust infrastructure, cutting-edge R&D, and a commitment to sustainability.
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Originally published on 2 Feb
Enersense has signed an agreement with Lithuania’s VŠĮ Plačiajuostis Internetas, the state-owned organisation responsible for developing Lithuania’s broadband infrastructure, for the design and construction of telecommunications towers. The towers form part of Lithuania’s nationwide programme to expand high-speed broadband infrastructure.
The towers are steel lattice communication structures that form part of Lithuania’s essential digital infrastructure.
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Originally published on 29 Jan