International Internet Magazine. Baltic States news & analytics
Monday, 30.05.2016, 17:31
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.
Keyword tags: Energy, EU – Baltic States, Gas, Legislation, Lithuania, Oil, Transport
Polish-capital oil refining company Orlen Lietuva has not requested higher discounts from the state-run Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) than those granted to other clients and maintains it does not owe 30 million euros, 15min.lt news portal said, cites LETA/BNS.
LSC Shipmanagement (LSCSM), a subsidiary of Latvijas Kugnieciba (Latvian Shipping Company), has supplemented the fleet under its full technical management with a newly built ship, the Elandra Oak, the company said LETA.
Latvia’s Ventspils Nafta Terminals (VNT) oil terminal plans to invest EUR 5 million in a vapor recovery unit in Latvia’s northwestern port of Ventspils by November 2017, even though the local government is laying obstacles to the project, the company’s representatives told LETA.
The Lithuanian seaport of Klaipeda handled 13.29 million tons of cargo in January through April 2016, up 9.1% from 12.181 million tons a year earlier. Butinge crude terminal, which is owned by Orlen Lietuva, the Lithuanian unit of Poland's PKN Orlen, posted a 13.7% year-on-year growth in oil, reports LETA/BNS.
Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on May 6th that its total revenue for January through April 2016 rose by 9.9% year-on-year to reach 39.82 million euros, informs LETA/BNS.
Analysts at SEB Bankas, Lithuania's largest commercial bank by assets, expect that a decline in the global oil supply will keep crude prices more stable this year and forecast that the average oil price in 2016 will stay above 40 US dollars per barrel, informs LETA/BNS.