International Internet Magazine. Baltic States news & analytics
Saturday, 07.12.2013, 09:27
As of 6:00 CET December 5, Nord Stream has successfully completed the final 30-day test of the pipeline system, informed BC Nord Stream’s press service.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Gas, Transport
Joint-stock power utility Latvenergo has been named the safest company in Latvia for the second year in a row, as the Latvian Employers' Confederation informed Nozare.lv, writes LETA.
On the second day of the Vilnius Innovation Forum Innovation Drift, the participants mostly focused on eco-innovation, the website eu2013.lt reports. Discussions and presentations on the topic were given by representatives of the European Commission, international businesses and non-governmental organizations, writes LETA/ELTA.
On 5 December, Lithuania-based company Klaipedos Nafta and the Ministry of Finance of the Republic of Lithuania concluded an Agreement on the Margin Payment and Mortgage of Property as well as a Maximum Conditional and Ordinary Mortgage Agreement, informs LETA/ELTA.
On Wednesday in Vilnius, Political Director of the Lithuanian Ministry of Foreign Affairs Ambassador Dalius Cekuolis met with the British, French and German Ambassadors to discuss an interim agreement on Iran's nuclear programme that has been reached in Geneva, infomed BC the MFA.
The preliminary sales revenues of Lithuania-based company Klaipedos Nafta during eleven months of 2013 comprise LTL 116.0 million (EUR 33.6 million) and are lower by 5.1% compared to the same period of 2012 (LTL 122.2 or EUR 35.4 million). The company during eleven months of 2013 reloaded 5,454 thousand tons of oil products into its storage tanks, i.e. by 12.1% less than during eleven months of 2012 (6,208 thousand tons), informs LETA/ELTA.
At the beginning of December, the retail price for 95 octane gas in Latvia was EUR 1,300.14 per 1,000 liters – the fifth lowest price in the European Union, according to the European Commission's data on fuel prices in the EU. Estonia registered the third lowest price, informs LETA.
Lithuania-based electricity production company Lietuvos Energijos Gamyba informed that on December 4, 2013, UAB Technologiju ir Inovaciju Centras (Technology and Innovaton Center, was established and registered at the Register of Legal Entities, informs LETA.
On 4-5 December, the traditional meeting of EU Water and Marine Directors to discuss EU water and marine policies, their implementation in Member States, and future plans is taking place in Vilnius. At the meeting, informal consultations on the European Commission's planned proposals for EU legal acts on water and marine policies are taking place, writes LETA/ELTA.
If German company E.ON Ruhrgas International GmbH (E.ON Ruhrgas) decides to sell its shares in Latvian gas supply company joint-stock Latvijas gaze (LG), then the state possibly becoming a shareholder will be discussed as a reserve option, Economy Minister Daniels Pavluts told the daily business newspaper Dienas Bizness, informs LETA/Nozare.lv.
Lithuania's Prime Minister Algirdas Butkevicius rejects fears of businessmen that the Liquefied Natural Gas (LNG) terminal built in Klaipeda would become only an alternative channel to supply gas and it would not reduce gas price. The head of the Government also reveals that gas supply and its price is under negotiations not only with Russia-based Gazprom, but also with suppliers from Asia, informs LETA/ELTA.
After criticism issued by the Seimas opposition towards the activities of the Government led by Chair of the Lithuanian Social Democratic Party Algirdas Butkevicius in the area in energy, Butkevicius retorts that in a year it was achieved more in this sector than it was achieved by the Cabinet led by Andrius Kubilius (Homeland Union – Lithuanian Christian Democrats Party) in several years, informs LETA/ELTA.
Having corrected the gas price for the consumers from January, the National Control Commission for Prices and Energy (VKEKK) had to prove its decision for the Government on Monday, informs LETA/ELTA.
AB Kauno Energija signed a tripartite agreement with the Ministry of Economy and the Lithuanian Business Support Agency (LVPA) regarding financial support from the European Union Structural Funds for three biofuel projects – reconstruction of a power plant and two boiler plants to use biofuel. LTL 16 million (EUR 4.6 million) will be provided in support in accordance with the agreement, informs LETA/ELTA.
Dolphin Energy Limited has announced that it has signed a Memorandum of Understanding (MoU) with Nord Stream AG, the company that is providing a new natural gas supply from Russia to Europe, informs energyglobal.com.