International Internet Magazine. Baltic States news & analytics
Tuesday, 30.06.2015, 06:26
According to Statistics Estonia, in May 2015, the producer price index of industrial output changed by -0.1% compared to April 2015 and by -2.1% compared to May 2014.
Keyword tags: Analytics, Baltic, Energy, Energy Market, Estonia, Export, Gas, Market Review
Estonian state-owned main grid company Elering announced that it signed an agreement on June 19, 2015, to acquire Gazprom’s 37 % stake in a holding company AS Võrguteenus Valdus which holds 100 % of Estonian gas TSO’s shares, writes LETA.
Data compiled by the Central Statistical Bureau of Latvia show that in 2014 the share of wood-fuel in gross consumption of energy resources accounted for 30.8 %, which is 7.3% more than in 2010 (23.5%), reported LETA.
In May, imports of natural gas to Estonia reached 28.5 million cubic meters; the gas bought by new gas market participants from Lithuania formed 21% of the total imports, Public Broadcasting reports, writes LETA.
Rebecca Harms, Co-Chair of the Group of the Greens at the European Parliament, says that shale gas extraction will not contribute to reducing carbon dioxide emissions. And if shale gas is going to be extracted, then tight regulation related to environment and water resources is needed, reports LETA/ELTA.
PM: it’s highly important to implement the project of gas pipeline interconnection between Lithuania and Poland
On June 11th, in Brussels, Prime Minister Algirdas Butkevicius met with the Prime Minister of Poland Ewa Kopacz. The Heads of Governments discussed mutual energy projects, the Prime Minister invite the Polish Prime Minister to attend the ceremony for the completion of the energy interconnection LitPolLink, reported BC the press service of Lithuanian government.
The Commission and the Baltic Sea Region countries signed a Memorandum of Understanding modernising and strengthening the Baltic Energy Market Interconnection Plan. Besides, 12 European countries signed a declaration for regional cooperation on security of electricity supply within the European internal market and a political declaration of the Pentalateral Energy Forum.