Energy

International Internet Magazine. Baltic States news & analytics Wednesday, 21.11.2018, 14:20

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Offshore wind farms in Baltic Sea to be built in 2021 at earliest – Lithuanian energmin

Offshore wind farms in Baltic Sea to be built in 2021 at earliest – Lithuanian energmin

20.11.2018

Offshore wind farms will be built in the Baltic Sea in 2021-2022 at the earliest, Lithuanian Energy Minister Zygimantas Vaiciunas told a Baltic energy conference, organized by the Verslo Zinios daily in Vilnius.

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



Russia's Curonian Spit disconnection has nothing to do with Baltic synchronization – CEO

Russia's Curonian Spit disconnection has nothing to do with Baltic synchronization – CEO

20.11.2018

Russia's recent decision to disconnect its part of the Curonian Spit from Lithuania's power system is aimed at bolstering its power distribution network and increasing reliability of power supply to the Kaliningrad region, Daivis Virbickas, CEO at Lithuania's power transmission operator Litgrid, says LETA/BNS.

Eleon to turn to court due to merger of Eesti Energia, Nelja Energia

Eleon to turn to court due to merger of Eesti Energia, Nelja Energia

16.11.2018

Eleon Grupp, an energy company owned by Andres and Oleg Sonajalg, is also planning to contest the decision of the Estonian Competition Authority to allow the merger of renewable energy producer Nelja Energia and state-held energy group Eesti Energia, as the company believes that the Competition Authority may have violated the law, reported LETA/BNS.


Estonia: Oleg Ossinovski's complaint halts purchase of Nelja Energia

Estonia: Oleg Ossinovski's complaint halts purchase of Nelja Energia

15.11.2018

In response to a complaint by Estonian businessman Oleg Ossinovski's company Skinest Energia, the Tallinn administrative court suspended the decision with which state-owned energy group Eesti Energia was allowed to purchase producer of renewable energy Nelja Energia, theaccroding to the daily Postimees reports writes LETA/BNS.

Clean energy in the Baltics: preparing national plans for 2021-2030

Clean energy in the Baltics: preparing national plans for 2021-2030

15.11.2018

European Parliament adopted proposals on new rules on renewables and energy efficiency in the member states. This is a vital step in assisting the Baltic States’ path towards transition to “clean energy” policies. However, the Baltic States’ governments have to do the homework: prepare national plans for 2021-30 concerning emission reduction, securing energy supply and rational use of existing resources.


15.11.2018

Electricity bills of Elektrum customers in Latvia to grow 0-15% next year

Electricity bills of Elektrum customers will grow by 0-15% starting from January 1, 2019, Latvenergo power company project manager Ilvija Livmane said LETA.

15.11.2018

NE Estonian municipality supports establishment of new oil shale mine

The council of the rural municipality of Luganuse in northeastern Estonia on Wednesday backed giving permission to the state-owned energy group Eesti Energia to set up a new oil shale mine in the municipality's territory, the news portal of public broadcaster ERR information referred LETA/BNS.

15.11.2018

Lithuania's Litgrid sees Q1-3 net profit slump to EUR 2.68 mln

Lithuania's electricity transmission grid operator Litgrid saw its consolidated net profits for January through September plunge to 2.68 mln euros, down from 7.317 mln euros in the same period last year, informed LETA/BNS.

14.11.2018

Conexus appeals regulator's decision on shareholders' conflict of interest

Latvian natural gas transmission and storage operator Conexus Baltic Grid (Conexus) has lodged an appeal against the Public Utilities Commission’s (regulator) decision to certify the operator on conditions the company’s shareholders – Russian gas giant Gazprom and Luxembourgian investor Marguerite Fund - are expected to meet by 2020, Conexus spokeswoman Dace Baltabola told LETA.

14.11.2018

U.S. threatens measures to stop controversial North Stream 2 pipeline

The United States could take steps to prevent the construction of the North Stream 2 gas pipeline project aimed at delivering Russian gas to Europe, warned Washington's ambassador to the European Union, citing LETA/BNS.

13.11.2018

Lithuania's Litgas continues to supply LNG to Poland, Estonia

Lithuania's natural gas trade company Litgas continues to supply liquefied natural gas (LNG) to Polish and Estonian companies after signing new contracts for gas deliveries by LNG carriers from Klaipedos Nafta's LNG reloading station, informs LETA/BNS.

13.11.2018

Power price up 11% in Lithuania last week – provider

The price of electricity rose 11% in Lithuania over a week, and the growth was the fastest among the Baltic states. A drop of 30% in the generation capacity of the Estonian-Finnish power link EstLink contributed to the rise in power prices in the region, informs LETA/BNS referring to Lithuania's independent power provider Elektrum Lietuva.

13.11.2018

Eesti Energia planning new oil shale mine in NE Estonia

The state-held energy group Eesti Energia plans to establish Estonia's second largest oil shale mine in the territory of Luganuse rural municipality, East-Viru county, informs LETA/BNS referring to the news portal of public broadcaster ERR.

12.11.2018

Lithuania's Inter RAO Lietuva sells more energy but profitability is down

Inter RAO Lietuva, a power provider controlled by Russian energy giant Inter RAO, sold 23% more energy in Lithuania, Latvia, Estonia and Poland in the first three quarters of 2018 and earned almost 8 mln euros in net profit, informs LETA/BNS.

09.11.2018

US shale has a glaring problem

With oil prices high and production booming, 2018 was supposed to be a year of profits for US shale oil and gas companies. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute shows that hasn’t happened. As 3Q 2018 results start coming in, investors around the world should be considering if there is a fundamental problem with the fracking business model, says Nick Cunningham of Oilprice.com.

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