Energy

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 00:07

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Lithuania's LET to supply gas to Riga from various sources

Lithuania's LET to supply gas to Riga from various sources

22.03.2019

A new liquefied natural gas (LNG) shipment arriving in Klaipeda next week is meant for all customers of Lietuvos Energijos Tiekimas (Lithuanian Energy Supply, or LET), including the Latvian capital's heat supplier Rigas Siltums, the Lithuanian company's CEO said LETA/BNS.

Keyword tags: Energy, Gas Market , Latvia, Lithuania



New LNG shipment due to arrive in Lithuania's Klaipeda – LET

New LNG shipment due to arrive in Lithuania's Klaipeda – LET

22.03.2019

A LNG bunker vessel is brining a new LNG shipment to the Lithuanian port of Klaipeda, meant for power and gas provider Lietuvos Energijos Tiekimas (Lithuanian Energy Supply, LET), informed LETA/BNS.

Estonia: Elektrilevi invested EUR 82 mln in network service in 2018

Estonia: Elektrilevi invested EUR 82 mln in network service in 2018

22.03.2019

The state-owned Estonian electricity distribution system operator Elektrilevi invested 81.6 mln euros, 6.6 mln euros more than the year before, in projects aimed at maintaining the quality of network service and raising its reliability during 2018, reported LETA/BNS.


Elering earned net profit in the amount of 18.6 mln euros in 2018

Elering earned net profit in the amount of 18.6 mln euros in 2018

21.03.2019

According to the audited report, in 2018, Elering earned a net profit in the amount of 18.6 mln euros with revenue amounting to 144.8 mln euros compared to the net profit of 17.1 mln euros earned in 2017,Elering`s representative Ain Koster informed BC.

Karins assumes MPC might not be liquidated in March due to three important risks

Karins assumes MPC might not be liquidated in March due to three important risks

20.03.2019

In order to avoid three important risks, the government might not support liquidating the mandatory purchase component (MPC) on electricity by the end of March, said Prime Minister Krisjanis Karins (New Unity) in an interview with the Latvian public television citing LETA.


20.03.2019

Lithuania's running out of possibilities to buy power from Belarus, part speaker says

Lithuania will have neither technical nor political possibilities to buy power from Belarus, even if Minsk agreed with the Lithuanian prime minister's recent proposal to convert the nearly-complete Astravyets nuclear power plant into a gas-fueled station, Speaker of the Lithuanian Seimas Viktoras Pranckietis believes, refraining to comment on the prime minister's proposal in detail, reported LETA/BNS.

20.03.2019

Moody’s affirms Latvenergo credit rating at Baa2

International credit rating agency Moody’s has affirmed Latvenergo energy company’s credit rating Baa1 level with stable outlook. The company said in a statement to the Nasdaq Riga stock exchange.

20.03.2019

AST transmission operator gets EUR 57.7 million co-funding for Baltic synchronization project

Augstsprieguma Tikls (AST) power transmission operator has signed an agreement with the Innovation and Networks Executive Agency (INEA) on a EUR 57.75 mln co-funding for the first phase of the Baltic power grids’ synchronization with the continental European system, AST representative Aija Ikstena told LETA.

19.03.2019

Electricity prices go down across Baltics w/w - Elektrum Lietuva

Electricity market prices fell across the Baltic region last week, to 41.88 euros per megawatt-hour (MWh) in both Lithuania and Latvia, down by 1% and 2%, respectively, and to 42.01 euros in Estonia, down by 1%, Elektrum Lietuva said LETA/BNS.

18.03.2019

Eesti Energia gets almost half of Estonian renewable energy subsidy in February

Estonian transmission system operator (TSO) Elering paid out altogether 8.9 million euros in renewable energy support and high-efficiency cogeneration support in February, almost half of which went to Eesti Energia group subsidiaries Enefit Green and Nelja Energia, informed LETA/BNS.

18.03.2019

Lithuania's Achema to buy at least 2 LNG cargoes this spring

Lithuania's fertilizer manufacturer Achema is set to purchase at least two liquefied natural gas (LNG) cargoes this year, according to publicly available information from Klaipedos Nafta, the Klaipeda LNG terminal's operator, informed LETA/BNS.

18.03.2019

Fuel prices up in Vilnius and Tallinn, unchanged in Riga

Fuel prices this week have risen in Vilnius and Tallinn, but remained unchanged in Vilnius, LETA has found out.

15.03.2019

Amber Grid invests EUR 7 mln in upgrading gas compressor station in northern Lithuania

Lithuania's natural gas transmission system operator Amber Grid has invested 6.8 mln euros, including VAT, in upgrading the Panevezys gas compressor station in the northern part of the country, informed LETA/BNS.

14.03.2019

Recent changes shake up Lithuania's gas market

After the obligation for regulated energy producers to buy gas from Litgas was lifted early this year, around 3 TWh of gas will enter the free market over the next year, increasing the gas market and exchange's liquidity, Lithuanian natural gas transmission system operator Amber Grid says LETA.

14.03.2019

Lithuanian N-plant CEO expects strong competition for repository contract

The chief executive officer of Lithuania's Ignalina Nuclear Power Plant (INPP) anticipates strong competition among potential contractors for the construction of a 100-million-euro near surface repository for low and intermediate level short-lived radioactive waste, informed LETA/BNS.

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