International Internet Magazine. Baltic States news & analytics
Sunday, 29.05.2016, 01:05
Latvijas Gaze natural gas utility closed the first quarter of 2016 with a profit of EUR 27.6 million, according to the company's statement to the Nasdaq Riga stock exchange, cites LETA.
Klaipedos Nafta (Klaipeda Oil), Lithuania's state-controlled liquefied natural gas (LNG) terminals operator, may continue developing the joint LNG reloading station project together with Germany's LNG supplier Bomin Linde LNG, Lithuania's Energy Minister Rokas Masiulis told BNS on May 26th, cites LETA.
Trilini Energy, subsidiary of the Estonian investment company Infortar, has been cleared by the Competition Authority to acquire the Russian energy giant Gazprom's 37% shareholding in Eesti Gaas, informs LETA/BNS.
Competition on the global market of liquefied natural gas (LNG) should continue growing, which should be in the benefit of Lithuania, experts say, cites LETA/BNS.
Russia's natural gas exports to Lithuania and Estonia declined sharply in the first quarter of the year 2016, while exports to Latvia, which will liberalize its gas market only next year, increased, reports LETA/BNS.
Energy regulators and politicians of the Baltic States are considering a single gas market, which would facilitate gas trade among the three countries. This mainly a goal for Lithuania and Estonia, while Latvia has taken a more cautious stance. A possibility is not ruled out to include Finland into the scheme, after it builds a gas interconnection to Estonia, reports LETA/BNS.
Lithuania's fertilizer manufacturer Achema, the country's single largest natural gas consumer, plans to purchase 21 liquefied natural gas (LNG) cargoes, which is equivalent to around 1.9 billion cubic meters (bcm) of regasified natural gas, over the next three years, reports LETA/BNS.