Energy

International Internet Magazine. Baltic States news & analytics Monday, 21.08.2017, 05:40

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Energy Advice opens office in India, eyes further expansion

Energy Advice opens office in India, eyes further expansion

18.08.2017

Lithuania's Energy Advice, the developer and supplier of the power system modeling and fault analysis software EA-PSM, last year opened an office in India together with its local partners, the daily Kauno Diena reported on August 18th, cites LETA/BNS.

Keyword tags: Baltic Export, Energy, Good for Business, Lithuania, Technology



Circle K and Neste top list of Latvia’s largest fuel retailers in H1

Circle K and Neste top list of Latvia’s largest fuel retailers in H1

18.08.2017

Traditional market leaders - Circle K Latvia (formerly Statoil Fuel & Retail Latvia) and Neste Latvija (Neste) - remained Latvia’s largest fuel retailers also in the first half of 2017, information from the excised goods administration of the State Revenue Service shows, cites LETA.

Latvian fuel sales rise 6.8% in H1

Latvian fuel sales rise 6.8% in H1

18.08.2017

With 642,341 tons of oil products (fuel) sold in Latvia in the first half of 2017, fuel sales picked up 6.84% or 41,000 tons against the same period in 2016, reports LETA, according to the information from the Excise Goods Administration of the Latvian State Revenue Service.


Fortum businesses top list of recipients of renewable energy subsidy in Estonia in July

Fortum businesses top list of recipients of renewable energy subsidy in Estonia in July

18.08.2017

Companies of Fortum Eesti group were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in July 2017, receiving altogether 1.7 million euros, writes LETA.

Lithuanian PM: exporting oil products via Russia dangerous for Belarus

Lithuanian PM: exporting oil products via Russia dangerous for Belarus

17.08.2017

If Moscow forced Minsk to export its oil products via Russian railways and ports, that would be economically unviable and dangerous for Belarus, Lithuanian Prime Minister Saulius Skvernelis said on August 17th, cites LETA/BNS.


17.08.2017

Renerga in Lithuania wants to increase wind energy production

Renerga, a renewable energy arm of Achemos Grupe (Achema Group), one of Lithuania's largest business groups, plans to boost wind energy generation, the daily Lietuvos Zinios reported on Thursday, cites LETA/BNS.

17.08.2017

Latvian gasoline and diesel fuel imports drop in H1

During the first half of 2017, Latvian gasoline imports dropped 9.5% from the first six months of 2016, while diesel fuel imports declined 2.7% year-on-year, the Central Statistical Bureau reported LETA.

17.08.2017

Olsson & Nielssen Nordic planning solar plant with 4,500 panels in Estonia

An Estonian owned company, Olsson & Nielssen Nordic OU, is set to build an electricity generating plant with 4,500 solar power panels in the small town of Peetri in Jarva county, regional newspaper Jarva Teataja reported, cites LETA/BNS.

17.08.2017

Lithuanian PM hails progress in relations with Poland

Lithuanian Prime Minister Saulius Skvernelis says that Vilnius and Warsaw are gradually moving to a new stage of better relations and hopes that Lithuanian politicians will solve the highly contentious issue of the spelling of Polish names in Lithuanian personal documents, reports LETA/BNS.

15.08.2017

Skele family's investment management group makes EUR 9.1 mln profit in 2016

Sabiedriba Privatajiem Ieguldijumiem (Company for Private Investment), an investment management group controlled by the family of Latvia’s ex-premier Andris Skele, closed 2016 with EUR 13.305 million in turnover, up 1.3% from 2015, while the group’s profit surged to EUR 9.162 million, reports LETA, according to information available at Firmas.lv.

14.08.2017

Sales of Latvijas Gaze decreased by 2.5% in H1

Latvian natural gas utility Latvijas Gaze generated EUR 177.336 million in turnover in the first half of 2017, down 2.5% year-on-year, but its profit shrank 23.9% to EUR 14.14 million, excluded the interrupted operations, according to the financial statements, cites LETA.

14.08.2017

PM: Latvia should retain control over Incukalns natural gas storage facility

The state should retain control over Incukalns underground natural gas storage facility by purchasing shares in the company, but these shares should not be bought for any price, said Prime Minister Maris Kucinskis (Greens/Farmers) in an interview with the Latvian public television on August 14th, informs LETA.

14.08.2017

Latvian, Lithuanian speakers agree on regional energy security as common priority

Energy security is a common priority of the Baltic region’s countries, Saeima Speaker Inara Murniece (National Alliance) and Viktoras Pranckietis, Speaker of Lithuania’s Seimas, agreed during their meeting on August 9th.

14.08.2017

Baltic PMs agree on another 2 weeks for LNG market deal

The prime ministers of the three Baltic states agreed on August 11th on additional two weeks for the final agreement on the liquefied natural gas (LNG) market, adviser to Lithuania's Prime Minister Saulius Skvernelis said, cites LETA/BNS.

11.08.2017

July output of Lithuanian power plants lowest in 2017

The aggregate amount of electricity generated by Lithuania's power plants in July 2017, 156 gigawatt-hours, was the lowest throughout 2017, electricity transmission operator Litgrid said. The production is down 4% year-on-year and 25% month-on-month, informs LETA/BNS.

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