International Internet Magazine. Baltic States news & analytics
Saturday, 04.02.2012, 06:35
Gasoline price in Baltic States were not among lowest in EU at end-January
03.02.2012At the end of January 2012, the retail price for 95 octane gas in Latvia was EUR 1,367.47 per 1,000 liters, including taxes, which is the eight lowest price in the European Union, according to the European Commission's data on fuel prices across the EU.
Keyword tags: Analytics, Energy, EU – Baltic States, Transport
Commission: renewable energy sources should account for 20% of the bloc’s total energy demand
03.02.2012The European Commission (EC) is fond of saying how important wind is as a renewable energy source – but critics says its words are not matched by funding, the EU Observer informs.
Researchers look for potential open sea wind energy park in Livonian Bay
02.02.2012Starting Monday, a research group conducts observation flights over the Livonian Bay with the task of looking for a potential open sea wind energy park locations in the framework of an Estonian-Latvian cooperation project, writes LETA/Saarte Hääl.
Klaipeda transformer substation reconstruction contract signed
02.02.2012Lithuanian electricity transmission system operator Litgrid signed the contract for the reconstruction of Klaipeda transformer substation on January 31, 2012, the announcement to the stock exchange says.
"Environment Friendly Citizen of Europe" handbook issued
02.02.2012Within the framework of the project „GREEN LIFE” agency EKO MEDIA collaborating with 7 partners from Nordic and Baltic States issued the handbook „Environment friendly citizen of the Europe”, informs Eko Media.
Estlink continues to be out of order; but now switched on
Estonian main electric grid company Elering announced that the Estonian-Finnish sea cable Estlink switched off on Tuesday at noon and will continue to be out of order till 00:00 on February 3, LETA/Postimees Online reports.
Azubalis highlighted future role of the Vilnius-based Energy Security centre in developing standards of smart defence
On 1 February at the first conference dedicated to the establishment of the Centre of Excellence for Energy Security (ENSEC COE) in Vilnius, Lithuanian Minister of Foreign Affairs Audronius Azubalis highlighted future role of the Vilnius-based centre in developing standards of smart defence and called on participating representatives of NATO member countries to join the centre's activities and share best practice, reported BC the MFA.
Lithuania maximising use of logging waste for biofuel production
In an effort to maximise the use of logging waste for biofuels in Lithuania, in the National Forestry Sector Development Programme submitted to the Government, the Ministry of Environment suggests boosting the volumes of this waste prepared for use approximately six times, from 80,000 cubic metres to 500,000 cubic metres per year, the Ministry of Environment said.
PKN writedowns to erase most of Q4 operating profit
Poland's top refiner PKN Orlen warned that its fourth quarter operating profit in 2011 would drop by some 90%, much worse than analysts had predicted, because of writedowns of the value of its investments abroad, Reuters/LETA wrote.
Economy minister of Estonia makes another attempt to cut subsidies to green electricity
Estonian economy minister Juhan Parts' previous attempt to reduce state subsidies for production of "green" electricity failed in the autumn of 2010; yesterday the ministry sent a new plan of cuts to a round of approvals, LETA/Postimees writes.
Estonian Supreme Court: guarantee requirement for fuel sellers contradicts the Constitution
The Estonian Supreme Court declared null and void the provision in the liquid fuels law, according to which companies that were included in the registry before the law amendments came in force, had to submit to the state a 100,000 euro VAT guarantee, LETA/National Broadcasting reports.
Poland: stricter European carbon goal depends on global action
A potential European Union move to a stricter emissions-reduction goal is conditional on efforts by non-EU nations to cut greenhouse gases, a Polish government official was quoted as saying by Bloomberg.
Lithuanian PM encourages Netherlands to invest in European north countries
Lithuanian and Dutch cooperation in the energy sector is very important because the Netherlands have a great experience in the gas market, said Lithuanian Prime Minister Andrius Kubilius and encouraged Dutch businessmen to expand their businesses in Lithuania.
A half Estonian fuel companies have left the market since April
The amendments to the liquid fuels law that came in force in Estonia in April 2011, introducing a guarantee requirement for companies that trade with fuel, has reduced the number of such companies by a half, Äripäev.ee/LETA reports.
Elering posts 9.9 mln euros of profit in Q4
Estonian electricity main grid operator Elering announced that in the fourth quarter of 2011, its total revenue was 27.8 million euros, operating profit 11.8 million euros and net profit 9.9 million euros.
The europact: outcomes for the Baltic States 
