Posts Tagged ‘Lithuania’
Global payments leader Checkout.com opens technology centre in Vilnius
Checkout.com, a leading global digital payments provider, has announced the establishment of a technology centre in Vilnius. The expansion follows the acquisition of Blue EMI, a Lithuanian electronic money institution, and will see Checkout.com build capabilities in compliance and technology, to serve its operations.
Since its establishment in 2012, Checkout.com has evolved from a fast-growing fintech into a payments infrastructure provider serving some of the world’s largest enterprises, with an expanding geographic presence and global operations. The company enables businesses to accept, process, and optimise digital payments worldwide, with services spanning online card acquiring, multi-currency processing, issuing, fraud detection, and payment orchestration.
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Originally published on 27 Jan
Read MoreA Market Sounding Is Announced for the Long-Term Capacity of the Klaipėda LNG Terminal for 2033–2044
AB KN Energies, the operator of the Klaipėda LNG Terminal, plans to launch a long-term LNG terminal capacity allocation procedure for the period 2033–2044 later this year. As a first step, the Company hereby initiates a market sounding process.
Prior to commencing the Procedure, the Company seeks to obtain feedback from market participants on the main proposed conditions of the Procedure. For this purpose, the Company announces a market survey.
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Originally published on 27 Jan
Read MoreEight Baltic Sea electricity TSOs publish offshore system study to promote coordinated sea basin planning
The electricity Transmission System Operators (TSOs) of eight countries bordering the Baltic Sea today published the first comprehensive regional system study for offshore network infrastructure and offshore wind, marking a significant step toward coordinated sea basin planning in Europe.
The TSOs of Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden – organised in the Baltic Offshore Grid Initiative (BOGI) – developed a study that moves from electricity transmission corridors to potential projects for the 2040-time horizon. The results show that the Baltic Sea region can become a clean energy hub, with around 13 GW of new cross-border interconnectors and up to 50 GW of additional offshore wind identified by 2040. These connections include point-to-point links between countries and strategic offshore nodes such as Bornholm, which could serve as future hybrid hubs. The market modelling indicates that these interconnectors would operate with high utilisation throughout the year and significantly reduce system costs, price peaks and CO₂ emissions.
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Originally published on 22 Jan
Read MoreAI startups could become the new engine of Lithuania’s economic growth
Lithuania could become one of Europe’s strongest tech centres within just five years, according to the latest study by the association Unicorns Lithuania. The analysis shows that by 2030, the number of startups in the country could triple, the number of specialists employed could double, and the state budget could receive an additional €5 billion in tax revenue.
However, according to the association, such a breakthrough is only possible if the country actively fosters the creation of artificial intelligence (AI) startups. The study estimates that this would require €270 million in state investment by 2030.
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Originally published on 22 Jan
Read MoreThe Port of Klaipėda is Expanding International Ties: Building Closer Links with the Port of Valencia
During its visit to Spain, the Lithuanian delegation is working to strengthen the Port of Klaipėda’s international links by deepening cooperation with the Port of Valencia – one of the Mediterranean’s leading logistics hubs – through the exchange of expertise in infrastructure development and joint efforts to attract additional cargo flows.
“The Port of Klaipėda is of strategic importance to Lithuania, so decisions relating to it are taken with close attention to global market developments, key industry stakeholders and their experience. This visit provides an opportunity to further strengthen our expertise in specific areas of the maritime sector”, said Lithuania’s Deputy Minister of Transport and Communications, Roderikas Žiobakas.
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Originally published on 20 Jan
Read MoreMarket participants are invited to provide feedback on the Nordic–Baltic Hydrogen Corridor project
The implementers of the Nordic–Baltic Hydrogen Corridor project — the European gas transmission system operators “Conexus Baltic Grid” (Latvia), “Gasgrid Finland” (Finland), “Elering” (Estonia), “Amber Grid” (Lithuania), “GAZ‑SYSTEM” (Poland) and “ONTRAS” (Germany) — have launched a market survey, inviting market participants to express their views by completing a questionnaire on the cross‑border hydrogen infrastructure development project.
At this stage, market participants are invited to take part in shaping the development of the cross‑border hydrogen network by providing their perspectives on the creation of the Nordic–Baltic Hydrogen Corridor, which will strengthen Europe’s energy security and support the transition to a climate‑neutral economy.
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Originally published on 16 Jan
Read MoreMAN Engines strengthens its presence in the Baltic States: Adampolis becomes importer of power and marine engines
MAN Engines expands its sales and service network in Estonia, Latvia and Lithuania and entrusts Adampolis, UAB, as its new importer for the Power and Marine segments. Headquartered in Kaunas, Lithuania, the company has been established for many years as an importer of MAN trucks, buses and vans in the Lithuanian market and Finland and has a close-knit network of six locations in Lithuania; the presence in Estonia and Latvia is being expanded in a targeted manner.
As an importer for MAN Engines, Adampolis is responsible for sales, service and spare parts supply for MAN engines for power generation or power and heat generation, for emergency power generators and engines for workboats and yachts in the aforementioned markets. The partnership with the new importer status builds on an already long-standing cooperation in the service business and will be further intensified together with MAN Engines through training and the development of specific competencies for marine and gas engines. “Based on our successful cooperation, we are creating tangible added value for our customers in the Baltic States together with Adampolis. The new importer solution combines experience, proximity to the market and consistent service orientation,” says Jürgen Haberland, Head of Services & Network MAN Engines.
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Originally published on 14 Jan
Read MoreRegional LNG value chain becomes a reality: Klaipėda LNG reloading station closes 2025 with record results
The Klaipėda liquefied natural gas (LNG) reloading station, operated by international terminal operator KN Energies, closed 2025 with record results. Over the year, the highest number of LNG trucks since the start of the station’s operations was loaded, while a record number of small-scale LNG carriers was handled at the adjacent jetty. December 2025 was also record-breaking, both in terms of loaded LNG trucks and received LNG carriers.
In total, more than 1.8 thousand LNG trucks were loaded at the Klaipėda LNG reloading station in 2025. This accounts for more than one quarter of all LNG trucks loaded since the start of operations in 2017 (nearly 6.4 thousand in total). In December 2025 alone, 277 LNG trucks were handled — more than twice the average monthly volume of the past three years.
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Originally published on 19 Jan
Read MoreRasa Kražauskienė appointed to EPSO-G nomination and remuneration committee
The board of Lithuanian energy group EPSO-G has appointed Rasa Kražauskienė as an independent member of its nomination and remuneration committee.
Rasa has more than 20 years of experience in human-resources management and organisational culture. She currently serves as the human-resources manager of Fazer Baltics and is a member of the board of Fazer Lietuva.
She holds a master’s degree in law from Mykolas Romeris University and a degree in nuclear law from the University of Montpellier.
Read MoreEnergy Cells names Andrius Gudzinskas as CEO
Energy-industry veteran to head Lithuanian energy storage-system operator
The board of Energy Cells, an operator of energy storage systems and part of the EPSO-G energy group, has appointed Andrius Gudzinskas as the company’s chief executive officer. He begins his five-year term on 27 January 2026.
Andrius has more than 20 years of experience in the energy industry, including electricity and heat generation, renewable-energy project development, production-operations management, energy-infrastructure modernisation and international team leadership. He holds a master’s degree in energy and thermal engineering from Kaunas University of Technology.
Energy storage-system operator Energy Cells provides an isolated operation reserve service that is essential to the security and stability of the Lithuanian electricity system. The electricity storage system managed by the company comprises four identical battery parks, each with a capacity of 50 MW and 50 MWh, located in Vilnius, Šiauliai, and the Alytus and Utena districts.
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