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Friday, 04.09.2015, 00:26
Former EU Energy Commissioner and current Unity politician Andris Piebalgs believes that gas prices in Latvia will likely increase in the coming years, but will most likely decrease later, informs LETA.
Keyword tags: Energy, EU – Baltic States, Gas, Latvia, Legislation
The Gas Interconnection Poland-Lithuania (GIPL) project has entered a new stage of works. On 21 August 2015, the Environmental Protection Agency under the Ministry of the Environment decided to give permission to perform planned economic activities in connection to the construction of GIPL in the territory of the Republic of Lithuania, informs LETA/ELTA.
Pursuant to legislative requirements of the Republic of Lithuania, natural gas transmission system operator AB Amber Grid announced its pre-audited operating results for the first six months of 2015, AB Amber Grid reports LETA/ELTA.
In Half 1 of 2015, AB Lietuvos Dujos (Lithuanian Gas), owned by the state-owned energy group Lietuvos Energija, increased its sales revenue by 5% to EUR 29.9 million (in 2014 – EUR 28.5 million), the energy company said, cites LETA/ELTA.
On August 27th, Latvia's Economy Minister Dana Reizniece-Ozola paid a visit to Lithuania's liquefied natural gas (LNG) terminal. She believes Latvia could purchase gas from Lithuania only for a competitive price, reports LETA/ELTA, referring to Vakaru ekspresas.
Klaipeda University Professor Vytautas Paulauskas believes that it is crucial for energy company AB Klaipedos Nafta to build the inland liquefied natural gas (LNG) distribution station in time, reports LETA/ELTA, referring to Vakaru ekspresas.
Energy experts say that the model applied to consumers by state enterprise Lietuvos Duju Tiekimas for recovery of overpayments for gas, which accumulated from January 2013 through April 2014, is faulty. Energy experts arrived to the conclusion after calculating that Lietuvos Duju Tiekimas, company engaged in gas import and sales, returned in January-July 2015 only EUR 2.5 million of the EUR 34 million of overpayments, reports LETA/ELTA.