Country Report

Lithuania upstream summary

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22 November 2019

Lithuania upstream summary

Report summary

Lithuania is a minor oil producer. Most fields are mature and output has declined steadily in recent years. This has been driven by a lack of investment in both exploration and development activity. In 2011, Grupa LOTOS (Poland) acquired Geonafta, Lithuania's NOC. The company was renamed LOTOS Geonafta and remains the key oil and gas operator. With no domestic sales gas production, Lithuania has embarked upon several projects to diversify away from Russian imports. In 2015, Lithuania's first LNG regasification terminal – the Independence FSRU (floating storage and regasification unit) – was commissioned on the Baltic coast. Lithuania’s unconventional gas upside has not yet been realised. Its shales are thought to be analogous to Poland's Lower Paleozoic shale gas unconventional play. This remains the most viable option for the country to become a gas producer.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Grupa LOTOS (via LOTOS Geonafta subsidiary)
    • Other operators
      • Odin Energi (Odin Group and Tethys Oil)
      • Tan Oil
      • LL Investicijos
      • Diseta
    • Previous participants
      • Chevron
    • Introduction
    • Hydrocarbon plays
      • Conventional plays
      • Unconventional hydrocarbon plays
      • Source rocks
      • Traps
      • Seals
      • Primary reservoirs
    • Licensing
    • Overview
    • Key recent and future activity
      • 2018 tender (conventional)
    • Key historical licensing activity
      • Onshore
      • Offshore
    • Drilling
      • Drilling activity
    • Recent and future E&A activity
  • Reserves and resources
    • Liquids
      • Historical production
      • Future production
    • Gas
    • Oil infrastructure
      • Pipeline network
      • Terminals
      • Refineries
    • Gas infrastructure
      • Pipeline network
    • Planned pipelines
      • Gas Interconnector Poland-Lithuania (GIPL)
    • Klaipeda LNG import terminal
    • Gas storage
    • Key legislation
      • Law on Underground (1995, amended in 2013)
      • Law on Tax on Petroleum and Natural Gas Resources (1992, amended in 2003 and 2014)
      • Law on Concessions (2006)
      • Law on Natural Gas (2010)
      • Law in Energy (2010)
      • Law on the Liquified Natural Gas Terminal (2012)
    • Other legislation
      • Law on Environmental Protection (1990, amended 1992)
      • Law on State Stocks of Petroleum Products and Crude Oil (2002, amended 2009)
      • Law on Energy Resource Market (2012)
    • Regulatory body
    • State oil company
      • Geonafta (now LOTOS Geonafta)
    • State participation
    • International boundaries
    • Licensing
      • Licence issue
      • Licence periods
    • Current fiscal terms
    • Conventional operations - current fiscal terms
      • Additional petroleum tax (royalty)
      • Corporate income tax (CIT)
      • Depreciation
      • Losses carried forward
      • VAT
      • Sample cash flow (conventional field)
    • Unconventional operations - shale gas tax

Tables and charts

This report includes 18 images and tables including:

  • Key facts: Table 1
  • Country map
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Liquids reserves
  • Basin map
  • Recent licensing activity
  • Licence map
  • Gas infrastructure
  • Fiscal terms: Table 1
  • Net Acreage 2019
  • Reserves and contingent resources at 01/01/2019
  • Production: Table 1
  • Production: Table 2
  • Liquids production
  • Oil infrastructure
  • Infrastructure: Table 1
  • Infrastructure: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 23.16 MB

  • Document

    Country Overview

    XLS 199.50 KB

  • Document

    Country Overview

    ZIP 23.11 MB

  • Document

    Executive summary

    PDF 704.48 KB

  • Document

    Key facts

    PDF 682.80 KB

  • Document

    Location maps

    PDF 5.26 MB

  • Document

    Key companies

    PDF 709.57 KB

  • Document

    Geology

    PDF 6.59 MB

  • Document

    Exploration

    PDF 6.63 MB

  • Document

    Reserves and resources

    PDF 719.86 KB

  • Document

    Production

    PDF 713.33 KB

  • Document

    Infrastructure

    PDF 6.64 MB

  • Document

    Policy and regulation

    PDF 700.55 KB

  • Document

    Fiscal terms

    PDF 723.76 KB

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