Oil production from the coastal basin has increased since
oil came onstream in 1991. Although the country has limited prospects
output should climb through to 2011/12.
Lithuania has no gas production and none is forecast.
The Lithuanian economy grew very rapidly before and after
it joined the European Union in 2004 however the Baltic states have been
severely hit by the 2008/2009 recession. Oil consumption is expected to
remain flat or decline over the next decade whilst gas consumption for
both residential and industrial use will rise and imports of gas from
Russia will steadily increase.
This is a simple forecast
- detailed forecasts including offshore
and onshore, deep water splits, sedimentary basins and major fields and
drilling etc. can be purchased for most countries.
An onshore and offshore oil and gas production, consumption
and drilling activity forecast report on this country can be commissioned,
for price and contents list.