International Internet Magazine. Baltic States news & analytics
Monday, 03.08.2015, 22:09
Only one municipality in Latvia has joined the European Commission's initiative "Mayors Adapt", the aim of which is to urge cities to adapt to climate change, the Union of Municipalities of Latvia told LETA.
Keyword tags: Ecology, Energy, EU – Baltic States, Latvia, Legislation
Klaipedos Nafta, the operator of the Klaipeda Oil Terminal based in Klaipeda, is planning to invest around EUR 9.5 million in the expansion of the oil terminal's infrastructure, while investment in a new over ground liquefied natural gas (LNG) distribution station investment project will seek EUR 27 million, reports LETA/ELTA.
Consumption of gasoline has been falling in Latvia for the past several years, as the Latvian Fuel Traders Association's head Martins Stirans told the Nozare.lv business portal, cites LETA.
Estonia's state-owned energy company Eesti Energia announced that its revenue dropped in the second quarter due to the slump in energy markets; nevertheless, operating profit before depreciation and net profit of the group increased, informs LETA.
Estonian state-owned main grid operator Elering posted a net loss of 5.5 million euros in the second quarter of the year 2015, LETA/Public Broadcasting reports.
During a meeting with Economy Minister Dana Reizniece-Ozola (Greens/Farmers) yesterday, President Raimonds Vejonis expressed his resolve to do everything in his power to help improve the business environment in Latvia, as the President's Press Office told LETA.
Former Prime Minister Aigars Kalvitis is one of the five to six candidates running for the CEO at Latvijas Gaze, according to Juris Savickis, CEO of the company's shareholder Itera Latvija, writes LETA.
A new tender for shale gas exploration should be announced, thinks Lithuanian Prime Minister Algirdas Butkevicius, reports LETA/ELTA.
Estonian main grid company Elering announced that according to statistics provided by Andmeladu, the data hub administered by Elering, the number of universal service users purchasing electricity is decreasing steadily, reports LETA.
As the LNG terminal was opened in Klaipeda, the idea of shale gas extraction in Lithuania has lost its significance, although the Government does not give up plans to announce a new tender for investors in October 2015, reports LETA/ELTA.
In June 2015, the average price for electricity in the Nord Pool Spot Lithuanian bidding area was 14% higher than in May and it reached 42.8 EUR/MWh. Compared to the same period last year, the price of electricity was 22% lower, reports BC Litgrid, Lithuania's electricity transmission system operator.
Lithuanian dairy Vilkyskiu Pienine AB has signed a contract on connection to a gas distribution system with the energy company Lietuvos Dujos AB. Gas supply to the dairy farm is expected from the fourth quarter of 2016, the dairy reports LETA/ELTA.
Over the past five years, the Estonian state-owned companies have allocated sponsorship money for 4.9 million euros, LETA/Public Broadcasting reports.
The market share of Estonian state-owned energy giant Eesti Energia in electricity sale was 61.6% at the end of June, by a 1.3% smaller than a month earlier, reported LETA, referring to Elering.
Klaipeda combined heat and power plant Fortum Klaipeda intends to move from biofuel and incinerate only waste. Fortum Klaipeda power plant, operating since spring 2013, is generating heat and electricity by incinerating sorted municipal waste, non-hazardous industrial waste and biofuel, reports LETA/ELTA, referring to Vakaru ekspresas.