International Internet Magazine. Baltic States news & analytics
Tuesday, 26.05.2015, 06:35
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
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.
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 Henry Fok's son Thomas Fok plans to take over the Estonian gas market, LETA/Postimees writes.
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.
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.
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.