Energy

The energy sector of Lithuania, according to its importance, the number of employees (about 14% of industrial employees), the total value of capital assets of energy enterprises (about 25% of the total assets of the enterprises in the country) and the amount of expenses for the acquisition of energy resources, which are imported into Lithuania, is one of the most significant sectors in the country. The energy sector comprises interrelated energy systems (electricity, district heat supply, oil, natural gas, coal, as well as indigenous fuel and renewable energy resources), which consist of the entirety of enterprises and equipment intended for the extraction, generation, transformation, transmission, distribution and consumption of different energy resources.

Since 1 July 2002, a new wording of the Law on Energy of the Republic of Lithuania has come into force. The said Law regulates general activities of energy (electricity, district heat supply, oil, natural gas, coal, as well as indigenous fuel and renewable energy resources) field, energy development and management bases, effective consumption of energy and energy resources.

On 12 January 2009, the Seimas of the Republic of Lithuania adopted the Law on the Establishment of the Ministry of Energy.