International Internet Magazine. Baltic States news & analytics
Friday, 25.07.2014, 11:24
Outgoing United States Ambassador to Latvia Mark Pekala arrived at the Foreign Ministry for a farewell meeting with Latvian Foreign Minister Edgars Rinkevics, during which the ambassador said that he highly values the U.S.-Latvia dialogue in all areas of cooperation, informs LETA.
Keyword tags: Energy, EU – Baltic States, Latvia, Ukraine, USA
New European Commission's 6th Report on Economic, Social and Territorial Cohesion shows the policy is delivering on the growth goals in the EU-2020 Strategy by creating jobs and reducing disparities across Europe. The report outlines that EU funds and investments will be focused on key areas: e.g. energy efficiency, employment, social inclusion and SMEs. During 2014-20 over €150 bln is expected for Cohesion investments in the member states.
Electricity consumption increased by three percent in June in Estonia as compared to the year-ago period, to 560 GWh while production, which had been in recession for a longer time, rose by as much as 14 percent to 935 GWh, Postimees Online cites Elering, reports LETA.
The Latvian Regulator will participate in the annual Energy Regulators Regional Association Conference22.07.2014
On October 27-28, 2014, the 13th Energy Investment and Regulation Conference organised by the Energy Regulators Regional Association (ERRA) will take place in the capital of Azerbaijan, Baku. The Regulator as the authority responsible for regulation of the energy sector will represent Latvia providing up-to-date information about the energy sector in Latvia, reported office of Regulator in Latvia.
On 17 July, the Minister of Energy Jaroslav Neverovic met with Stefan Fule, European Commissioner for Enlargement and European Neighbourhood Policy, during his visit to Lithuania, reported BC the Ministry of Energy.
LNG Carrier Independence built for the Liquefied Natural Gas (LNG) terminal in Klaipeda is sailing to Lithuania and has entered the Red Sea, reports LETA/ELTA, referring to Klaipeda.
Based on preliminary unaudited data, normalised earnings of state-owned enterprises amounted to LTL 146.6 million (EUR 42.4 million) in the first quarter of 2014, i.e. by one quarter more year-on-year, reports LETA/ELTA.
According to the consolidated balance sheet of Estonian mineral resources in 2013, the most actively mined resources are oil shale, sand and gravel, LETA/Postimees Online reports.
Ventspils nafta Terminals (VNT), subsidiary of Ventspils nafta, transhipped 6.4 million tons of oil and petroleum products in the first six months of 2014. The amount of petroleum products transported by LatRosTrans (LRT) via the pipeline reached 3.3 million tons, informed BC Ventspils nafta press service.
In the Nordic electricity bourse Nord Pool Spot (NPS) Estonian price region, the average electricity price was 35.81 EUR per MWh in June, by nearly 3% lower than in May, LETA/Public Broadcasting reports.
The Estonian government launched last December the environmental impact assessment of the Balticconnector gas pipeline between Estonia and Finland, which was now approved of with the decision of the Estonian Environment Minister, LETA/Public Broadcasting reports.
Lithuania's priority projects in the field of energy security will also be financed under the Norwegian Financial Mechanism in the future. The Minister of Foreign Affairs of Lithuania Linas Linkevicius and Norway's outgoing Ambassador to Lithuania Leif Arne Ulland discussed this and other key areas of the bilateral partnership on 14 July, reported BC the MFA.
Latvian gas and fuel wholesale company Petrohim International Carriers increased its turnover by 11% to EUR 22.1 million in 2013, according to information provided by Firmas.lv, cites LETA/Nozare.lv.
At the roundtable organized by the College of Europe and the Commission's Directorate-General Energy, EU Commissioner for energy underlined new aspects of the Energy Security Strategy presented to the member states at the end of May 2014.
Parliament Speaker Loreta Grauziniene met with the delegation of the Upper House of the National Diet of Japan led by President Masaaki Yamazaki. Grauziniene expressed gratitude for standing Japanese Government's support for construction of the new nuclear power plant and company Hitachi for active involvement and calls for cooperation, informs LETA/ELTA.