Gas

International Internet Magazine. Baltic States news & analytics Tuesday, 26.05.2015, 06:35

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The unprecedented threat of Gazprom and Rosneft to EU energy market

The unprecedented threat of Gazprom and Rosneft to EU energy market

19.05.2015

Since the establishment of the European Coal and Steel Community in 1952, energy policy has been at the centre of European legislation. According to the paper issued by the Commission in 1995, EU energy policy should be based on three pillars: sustainability, competitiveness and security of supply.

Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Gas, Legislation, Russia



Lithuanian Lietuvos Dujos earns EUR 8.2 mln net profit in Q1

Lithuanian Lietuvos Dujos earns EUR 8.2 mln net profit in Q1

18.05.2015

Income from sales of the Lithuanian gas distribution system operator AB Lietuvos Dujos in three months of 2015, compared with the previous year, increased by 2% and amounted to EUR 20.5 million (in 2014: EUR 20.2 million respectively), the company said in a statement, cites LETA/ELTA.

27% all natural gas was imported from Lithuania to Estonia in April

27% all natural gas was imported from Lithuania to Estonia in April

15.05.2015

In April 2015, imports of natural gas to Estonia reached 41 million cubic meters; the gas bought by new gas market participants from Lithuania formed 27% of total imports, Estonia's main grid company Elering announced, cites LETA.


Chinese businessman wants to buy Eesti Gaas

Chinese businessman wants to buy Eesti Gaas

14.05.2015

Chinese businessman Henry Fok's son Thomas Fok plans to take over the Estonian gas market, LETA/Postimees writes.

EU grants assistance to Poland-Lithuania gas interconnection project

EU grants assistance to Poland-Lithuania gas interconnection project

14.05.2015

Lithuania's natural gas transmission system operator, AB Amber Grid, and Poland's gas transmission system operator, GAZ-SYSTEM S.A., signed a tripartite agreement with the European Union's (EU) Innovation Network Executive Agency (INEA) on the financial assistance of the EU to the project Preparatory Works for the Poland-Lithuania Gas Interconnection up to building permission(s) obtainment, informs LETA/ELTA.

13.05.2015

Elering signed financing agreement on studies for Balticconnector

Estonian state-owned power grid company Elering signed with the European Commission a financing agreement on studies for the Estonian-Finnish gas connection Balticconnector, LETA/Public Broadcasting reports.

08.05.2015

Russia may consider providing financing to Greek firms for construction of Turkish Stream

Russia is ready to consider providing financing to Greek companies for construction of gas transportation system in Greece, Russian President Vladimir Putin said Thursday, informs LETA/ELTA, referring to TASS.

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