International Internet Magazine. Baltic States news & analytics
Thursday, 21.08.2014, 19:02
During the first half of 2014, the revenue of company Amber Grid, the operator of Lithuania's natural gas transmission system, amounted to LTL 88,148,000 (EUR 25.5 million) of which 95% were the revenue from the transmission of natural gas via gas transmission pipelines to system users and transit to the Kaliningrad Region of the Russian Federation, reported LETA/ELTA the company.
Keyword tags: Baltic States – CIS, Energy, Gas, Lithuania
Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, will sign an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.
Lithuanian electricity distribution company LESTO, serving more than 1.6 million customers, aims to improve network reliability and noticeably accelerate connection of the new objects to the grid. These goals are set in the company's strategy for 2014-2020, which was approved by the board, reported LETA/ELTA the company.
As biofuel boiler houses in Lithuania prepare for the heating season, specialists forecast that in winter 2014-2015 the average biofuel price will be by LTL 30 (EUR 8.7) lower than last winter and will stand at LTL 657 (EUR 190) per tonne of oil equivalent (toe), reports LETA/ELTA.
One of the world's leading energy management companies Schneider Electric will invest about EUR 10 million into the construction of a new Lexel factory in Latvia, Schneider Electric spokeswoman in Baltics Santa Rutka informed the business portal Nozare.lv, cites LETA.
Finnish energy company Gasum Oy and Estonian energy company AS Alexela Energia presented yesterday at the European Commission the alternative models of cooperation of the liquefied natural gas (LNG) import terminal to be built by the Gulf of Finland, LETA/Public Broadcasting reports.
President of Lithuania Dalia Grybauskaite has signed a decree by which, based on the Constitution and following Prime Minister Algirdas Butkevicius' proposal, Minister of Energy Jaroslav Neverovich is going to be dismissed on 25 August, reports LETA/Nozare.lv.
The Estonian government decided last week in favour of a strategy that reduces CO2 emissions in Estonia by 75% by the year 2050 as compared to 1990; according to the Minister of the Environment, the trend could be in the direction of less polluting oil shale use, LETA/Eesti Päevaleht reports.
AS EG Võrguteenus and Gasum OY submitted to the European Commission the application for financing of studies for the Balticconnector gas pipeline linking Estonian and Finnish gas transmission grids, LETA/Postimees Online reports.
The Ventspils company Ventamonjaks has been acquired by Despina Capital, a company where 55% of shares belong to the Cyprus-registered Uralchem Freight, a subsidiary of the Uralkhim company, and 45% to the Latvia-registered joint-stock company Halcyon Capital, informs LETA/Nozare.lv.
In July 2014, electricity price in Lithuania and Latvia was on average LTL 0.198 (EUR 0.057) per kilowatt hour. It grew by approximately 60% since January, reports LETA/ELTA.
Ukrainian Parliament Speaker Oleksandr Turchynov has arrived in Lithuania to attend the Conference of the Speakers of the NB8 (Finland, Sweden, Denmark, Norway, Iceland, Lithuania, Latvia and Estonia) Parliaments, which begins on Monday in resort town Palanga, reports LETA/ELTA.
If Russia decided to terminate all of its agreements with Latvia, including on energy supply, Latvia's gross domestic product would suffer a 10% reduction, Prime Minister Laimdota Straujuma (Unity) said in an interview with Latvian State Radio today, cites LETA.
On August 15th, the Riga City Central District Court approved a legal remedy plan for the wind power company Winergy, owned by the Estonia-registered Wind One company, informs LETA.
The sale of Eesti Energia’s subsidiary, Eesti Energia Võrguehitus, to Leonhard Weiss Baltic Holding, was completed on Thursday, Estonia's state-owned electricity producer Eesti Energia announced, cites LETA.