International Internet Magazine. Baltic States news & analytics
Monday, 27.04.2015, 07:03
The EU’s main concept of the Energy Union is based on providing Europeans with secure, competitive and sustainable energy. The Commission vice-president, Maroš Šefčovič describes the actions needed by the EU institutions and the member states to reach that goal.
Keyword tags: Energy, EU – Baltic States, Investments, Legislation
The consumption of renewable energy in Estonia grew in the first quarter of this year and formed 17.3% of total electric energy consumption, very close to the 17.6% target set for 2020, LETA/Postimees Online reports.
In 2014, joint-stock gas supply company Latvijas Gaze earned EUR 32.03 million in net profit, which was 0.4% less when compared to 2013, when the company posted EUR 32.15 million in net profit, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, informs LETA.
Prime Minister Laimdota Straujuma (Unity) believes that the gas monopoly in Latvia should be stopped, denying that the Russian gas giant Gazprom could "get even" with Latvia for the European Commission's objections against Gazprom’s abuse of its dominant position, informs LETA.
On 22 April 2015, Minister of Foreign Affairs of Lithuania Linas Linkevicius met with Minister of Foreign Affairs of Estonia Keit Pentus-Rosimannus, who came to Lithuania for a working visit. The meeting focused on bilateral relations between Lithuania and Estonia, the security situation in Europe, the situation in Ukraine, relations with Russia, as well as cooperation in the implementation of strategic energy and transport projects, reports BC the Lithuanian MFA.
Russian energy giant Gazprom rejected on Wednesday EU accusations that it was abusing its dominant market position in Europe, calling the charges unjustified, reports LETA/AFP.
EU regulators on Wednesday formally charged Russian gas giant Gazprom with abusing its dominant market position in Europe, a move that risks inflaming tensions with the Kremlin, the AFP news agency reports, cites LETA.
On 20 April 2015, a Memorandum of Understanding (MoU) has been signed to agree on common power trading principles for the LitPol Link, the new Lithuania-Poland power interconnection planned to open in the end of 2015, informs BC Litgrid’s press service.
Riigikogu Social Democratic Party (SDP) faction chairman Andres Anvelt said if the planned excise tax increase, that has been met with a lot of opposition, was to be cancelled, a new coalition agreement should be compiled and such rhetoric should not be rushed, LETA/Public Broadcasting reports.
Vilnius Regional Administrative Court on April 21st 2015 nonsuited the examination of dispute proceedings between OAO Gazprom and the Competition Council, informs LETA/ELTA.
Ambassador: E.ON Ruhrgas wish to sell its stake in Latvijas Gaze doesn’t mean that Latvia is losing German capital
The fact that the German company E.ON Ruhrgas International GmbH (E.ON) wants to sell its stake in Latvijas Gaze (LG) does not mean that Latvia is losing German capital, said German Ambassador to Latvia Andrea Wiktorin during a press conference of the German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania, informs LETA.
Legal steps from the European Commission against the Russian gas company Gazprom for its Competition Law violations on the Eastern European market are "highly possible,", according to MEP Krisjanis Karins (Unity) in an interview with LETA.
Finnish fuel company Neste Oil has opened two new automatic gas stations in Riga, thus increasing its network of gas stations in Latvia to 64, the company informed LETA.
Belarusian oil products exporter Belorusskaya Neftyanaya Kompaniya (Belarus Oil Company, BNK) plans on opening gas stations in Latvia, according to the newspaper "Biznes Vesti", cites LETA.
In March 2015, the electricity price was the lowest since the Nord Pool Spot have been launched in Lithuania in 2012, Litgrid AB, the Lithuanian electricity transmission system operator reports BC.