International Internet Magazine. Baltic States news & analytics
Monday, 29.08.2016, 01:20
The Public Utilities Commission on Thursday decided that joint-stock natural gas company Latvijas Gaze could not temporarily bar the power utility Latvenergo from accessing natural gas transmission and distribution system, reports LETA.
Keyword tags: Energy, Energy Market, Gas, Latvia, Lithuania, Markets and Companies
Gas tariffs will inevitably climb after Latvijas Gaze natural gas utility is split up, Juris Savickis, vice-chairman of the Latvijas Gaze supervisory board and head of Itera Latvija, the gas importer which holds a 16% stake in the gas company, said in an interview with LNT on Monday cites LETA.
There is a striking paradox in Washington's policy on European natural gas markets. US diplomats are undertaking tireless efforts to prevent Russia constructing new export pipelines, arguing these massive projects will deprive Ukraine of billions of dollars in annual revenue from transit fees, which could wreck the struggling country's economy. At the same time the United States continues to preach the mantra of energy efficiency and supply diversification, both of which will help reduce reliance on Russian gas in Eastern Europe. Washington wants to help end Ukraine's dependence on Russian gas, yet it is fighting to keep Kiev dependent on Russian gas income. This is not only contradictory, but it is the wrong way to go about helping Ukraine and the wrong way to advance European energy security and integration in the long run.
Unlike previously promised, the new ferries that are to be operated by the Port of Tallinn subsidiary TS Laevad between mainland Estonia and the large western islands will not have LNG readiness, according to the daily Postimees reports informs LETA.
Lithuania imported 8,160 gigawatt-hours (GWh) of gas in the first quarter of this year, down by 5.1 % form the same period of 2015, writes LETA/BNS.
The Economics Ministry, Public Utilities Commission and joint-stock company Latvijas Gaze have completed work on new regulations on natural gas trade and use in Latvia, which stipulate that all natural gas consumers will have the right to choose their natural gas supplier from April 3, 2017, cites LETA.
There will be no concessions regarding natural gas market liberalization and unbundling of Latvijas Gaze natural gas utility, Latvian Prime Minister Maris Kucinskis told the press after the meeting with Latvijas Gaze CEO Aigars Kalvitis on Tuesday, reports LETA.