International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:48
Estonia: economic interests prevailed over the environment in the Nord Stream case
02.09.2010The Vaasa Administrative Court decided on Thursday not to grant the Estonian and Finnish environmental organisations’ challenge over the permits issued for building the Nord Stream gas pipe, writes LETA/Postimees Online.
Keyword tags: Ecology, Energy, Estonia, EU – Baltic States, Gas, Legislation, Transport
Multilateral Carbon Credit Fund signs first projects in Baltics to purchase carbon credits in Estonia and Lithuania
02.09.2010In its first transaction in the Baltics, the EBRD-EIB Multilateral Carbon Credit Fund (MCCF) has agreed to buy carbon credits from a group of wind farms managed by OU Nelja Energia, a renewable energy company, wholly-owned by Fre-energy AS, a leading Estonian investor in renewable energy in Eastern Europe. OU Nelja Energia develops and manages a portfolio of 19 wind farms in Estonia, Lithuania and Latvia, with a planned combined capacity of 330 MW onshore and 700 MW offshore.
Largest pipelay vessel starts laying Nord Stream in the Gulf of Finland
02.09.2010Allseas’ Solitaire, the world’s largest pipelay vessel, has started to lay the Gulf of Finland section of the 1,224 kilometre Nord Stream natural gas pipeline in the Baltic Sea. Nord Stream’s Deputy Director Construction Ruurd Hoekstra and Leo D. Varkevisser, Allseas’ Vice President Projects and Operations, arrived on board the Solitaire to confirm that everything is on schedule and “all systems go” for the start of construction. Before starting its journey to Russian waters, the Solitaire was adapted to Nord Stream’s requirements in Rotterdam, where each piece of equipment was thoroughly tested in port.
Finland’s Vaasa Administrative Court decision rejects appeals on the water permit for Nord Stream
02.09.2010Finland’s Vaasa Administrative Court has ruled on the appeals made against the Water Permit in Finland. According to the Court decision, the three appeals against the decision of the Finnish permit authority to grant the Water Permit concerning Nord Stream have been rejected.
Price of heating in Tallinn to increase by 4.57% in October
02.09.2010Customers of AS Tallinna Küte will be subject to a new maximum heating price from October 1, 2010, writes LETA/National Broadcasting. The new price limit will be by 4.57% higher than the current price.
Jordanian energy minister visited Eesti Energia
Minister of energy and mineral resources of Jordan Khalid Irani visited the Ida-Viru County on Wednesday to study the production of electricity and shale oil, writes LETA/National Broadcasting.
Turnover of Ventspils nafta at LVL 29 mln and losses at LVL 0.6 mln in H1
The turnover of the joint-stock oil company Ventspils nafta in the first half-year of 2010 reached LVL 29 million, according to a statement published on the NASDAQ OMX Riga stock exchange. The consolidated net turnover of Ventspils nafta in the first half-year of 2010 reached LVL 29 million. The Ventspils nafta parent company's net profit reached LVL 3.5 million for the 6 month period in 2010, excluding foreign exchange gain from the revaluation of assets.
EBRD buys pollution quota from Estonian Nelja Energia
In its first transaction in Baltics, the EBRD-EIB Multilateral Carbon Credit Fund (MCCF) has agreed to buy carbon credits from a group of wind farms managed by OÜ Nelja Energia, a renewable energy company, owned by Freenergy AS, a leading Estonian investor in renewable energy in Eastern Europe, the EBRD announced on Wednesday.
Sillamäe ecologist calls for increased air pollution control
The chief ecologist for Sillamäe, an industrial city of 16,000 on the north coast of Estonia, has called for the installation of two monitoring stations for continious check of air pollution levels at the city's port.
Price of natural gas increases in Estonia from September
Estonia’s largest natural gas supplier Eesti Gaas raises on Wednesday the price of gas for home consumers and small-time consumers have to pay 10.3 kroons per cubic metre instead of the earlier 8.8 kroons, LETA/Äripäev.ee reports.
Competition Board won’t allow Eesti Energia to raise grid fees
The Estonian Competition Board announced that it rejected on Wednesday the application of Estonian state-owned energy giant Eesti Energia’s distribution grid managing subsidiary OÜ Jaotusvõrk to raise network fees by nearly 20%, Estonian press reports.
Orlen Lietuva incurs 42 mln dollars loss in H1
Unfavourable macroeconomic conditions and tendencies on the market, the still unsettled logistic issues as well as the Refinery shut-down in March have had material effect on the Company's performance and financial results. The income gained by Public Company Orlen Lietuva during the first half of the year 2010 amounted to USD 2.5 billion. The more favourable macroeconomic conditions in the second quarter and the actions undertaken to make the Company's performance more efficient enabled the achievement of higher financial results during the particular period. Nevertheless, this was not enough to compensate for the loss incurred during the first quarter.
Elering’s investments will increase the price of electricity in 2011
Electricity price will be increased in Estonia in 2011 as the main grid company Elering intends to invest 7 billion kroons in four years, LETA/Eesti Päevaeht Online reports.
Budget, energy, reform of state-owned companies in focus in the new political season in Lithuania
Prime Minister Andrius Kubilius considers the state budget for 2011, the energy sector and the reform of the management of state-owned enterprises as the key tasks in the new political season. The head of Government stressed that after his meeting with President Dalia Grybauskaite which focussed on the new political season.
Estonian businessmen plan an underwater power station
Estonian wind energy entrepreneurs led by Jüri Mõis, Hannes Tamjärv and Aivar Berzin are hoping that the parliament will supplement the Electricity Market Act to include a new subsidy in order to build an underwater power station in the Gulf of Muuga near Tallinn, LETA/Äripäev.ee writes.
Updating the Nordic-Baltic cooperation 
