Energy

International Internet Magazine. Baltic States news & analytics Monday, 27.04.2015, 07:03

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The EU’s energy agenda is transformed into a concrete Union strategy

The EU’s energy agenda is transformed into a concrete Union strategy

24.04.2015

The EU’s main concept of the Energy Union is based on providing Europeans with secure, competitive and sustainable energy. The Commission vice-president, Maroš Šefčovič describes the actions needed by the EU institutions and the member states to reach that goal.

Keyword tags: Energy, EU – Baltic States, Investments, Legislation



Share of renewable energy increased to sixth of Estonian total consumption in Q1

Share of renewable energy increased to sixth of Estonian total consumption in Q1

24.04.2015

The consumption of renewable energy in Estonia grew in the first quarter of this year and formed 17.3% of total electric energy consumption, very close to the 17.6% target set for 2020, LETA/Postimees Online reports.

Latvijas Gaze earned EUR 32.03 mln in net profit in 2014

Latvijas Gaze earned EUR 32.03 mln in net profit in 2014

24.04.2015

In 2014, joint-stock gas supply company Latvijas Gaze earned EUR 32.03 million in net profit, which was 0.4% less when compared to 2013, when the company posted EUR 32.15 million in net profit, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, informs LETA.


Latvia and Lithuania commented on the decision by the EU on Gazprom

Latvia and Lithuania commented on the decision by the EU on Gazprom

23.04.2015

Prime Minister Laimdota Straujuma (Unity) believes that the gas monopoly in Latvia should be stopped, denying that the Russian gas giant Gazprom could "get even" with Latvia for the European Commission's objections against Gazprom’s abuse of its dominant position, informs LETA.

Lithuanian, Estonian MFA discuss energy projects, security situation in Europe

Lithuanian, Estonian MFA discuss energy projects, security situation in Europe

23.04.2015

On 22 April 2015, Minister of Foreign Affairs of Lithuania Linas Linkevicius met with Minister of Foreign Affairs of Estonia Keit Pentus-Rosimannus, who came to Lithuania for a working visit. The meeting focused on bilateral relations between Lithuania and Estonia, the security situation in Europe, the situation in Ukraine, relations with Russia, as well as cooperation in the implementation of strategic energy and transport projects, reports BC the Lithuanian MFA.

23.04.2015

Gazprom slams 'unfounded' EU charges

Russian energy giant Gazprom rejected on Wednesday EU accusations that it was abusing its dominant market position in Europe, calling the charges unjustified, reports LETA/AFP.

22.04.2015

EU charges Russia's Gazprom with abuse of market position

EU regulators on Wednesday formally charged Russian gas giant Gazprom with abusing its dominant market position in Europe, a move that risks inflaming tensions with the Kremlin, the AFP news agency reports, cites LETA.

22.04.2015

Polish-Lithuanian energy trading brought a step closer

On 20 April 2015, a Memorandum of Understanding (MoU) has been signed to agree on common power trading principles for the LitPol Link, the new Lithuania-Poland power interconnection planned to open in the end of 2015, informs BC Litgrid’s press service.

22.04.2015

Anvelt: if excise tax increase was abolished, new coalition agreement in Estonia should be compiled

Riigikogu Social Democratic Party (SDP) faction chairman Andres Anvelt said if the planned excise tax increase, that has been met with a lot of opposition, was to be cancelled, a new coalition agreement should be compiled and such rhetoric should not be rushed, LETA/Public Broadcasting reports.

22.04.2015

Vilnius court abates case on Gazprom's complaint

Vilnius Regional Administrative Court on April 21st 2015 nonsuited the examination of dispute proceedings between OAO Gazprom and the Competition Council, informs LETA/ELTA.

22.04.2015

Ambassador: E.ON Ruhrgas wish to sell its stake in Latvijas Gaze doesn’t mean that Latvia is losing German capital

The fact that the German company E.ON Ruhrgas International GmbH (E.ON) wants to sell its stake in Latvijas Gaze (LG) does not mean that Latvia is losing German capital, said German Ambassador to Latvia Andrea Wiktorin during a press conference of the German-Baltic Chamber of Commerce in Estonia, Latvia, Lithuania, informs LETA.

21.04.2015

MEP Karins: legal steps from EU against Gazprom are highly possible

Legal steps from the European Commission against the Russian gas company Gazprom for its Competition Law violations on the Eastern European market are "highly possible,", according to MEP Krisjanis Karins (Unity) in an interview with LETA.

21.04.2015

Neste Oil invests EUR 2.3 mln to expand its network of fuel stations in Riga

Finnish fuel company Neste Oil has opened two new automatic gas stations in Riga, thus increasing its network of gas stations in Latvia to 64, the company informed LETA.

21.04.2015

Belarusian oil company plans to open gas stations in Latvia

Belarusian oil products exporter Belorusskaya Neftyanaya Kompaniya (Belarus Oil Company, BNK) plans on opening gas stations in Latvia, according to the newspaper "Biznes Vesti", cites LETA.

21.04.2015

Electricity was cheaper throughout Baltic Sea region in March

In March 2015, the electricity price was the lowest since the Nord Pool Spot have been launched in Lithuania in 2012, Litgrid AB, the Lithuanian electricity transmission system operator reports BC.

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