International Internet Magazine. Baltic States news & analytics
Wednesday, 27.07.2016, 08:43
In preparation for synchronization of the electricity networks of the Baltic states and continental Europe, Lithuania's electricity transmission system operator Litgrid has announced a tender for a study of the second interconnection with Poland, LitPol Link, writes LETA/BNS.
Keyword tags: Energy, Energy Market, EU – Baltic States, Lithuania
Polish-owned Lithuanian oil company Orlen Lietuva said on July 21st that its first-half net profit in 2016 dropped by 12% year-on-year to 128 million US dollars (EUR 116.23 mln), attributing the decline to lower market and refining margins, reported LETA/BNS.
There will be no concessions regarding natural gas market liberalization and unbundling of Latvijas Gaze natural gas utility, Latvian Prime Minister Maris Kucinskis told the press after the meeting with Latvijas Gaze CEO Aigars Kalvitis on Tuesday, reports LETA.
Power generating entities in Estonia produced 294 gigawatt-hours of electricity in the second quarter of 2016, which equaled 14.3% of the total amount of electricity consumed here during the three months, 1% more than in the preceding quarter, reports LETA/BNS.
The political decision about the synchronization of the Baltic electricity networks with Western Europe, which has been listed as one of the most important energy projects of the decade, should be made in December, representatives of the European Commission (EC), the Joint Research Center and countries of the Baltic Energy Market Interconnection Plan (BEMIP) agreed during a meeting in Vilnius on Thursday, informs LETA/BNS.
Viru Keemia Grupp (VKG), the northeast Estonia-based shale oil producer that announced nearly 500 lay-offs at the beginning of this year, is going to relaunch two of its oil plants using the Kiviter technology and rehire 350 workers.
The price of electricity in Nord Pool Spot's Lithuanian bidding area averaged 40.5 euros per megawatt-hours (MWh) in June, up 23% compared with May, but down 5% from a year earlier, Litgrid said on Tuesday, writes LETA/BNS.
On 30 June, 2016 JSC Viešųjų investicijų plėtros agentūra (i.e. Public Investment Development Agency, hereafter – VIPA), organized a meeting informing the stakeholders that on 1 April, 2016, together with organizations from other six members of the European Union (EU), it had joined the BUILD2LC project “Boosting Low Carbon Innovative Building Rehabilitation in European Regions” of the European territorial cooperation programme “Interreg Europe”.
A new shipment of around 140,000 cubic meters of liquefied natural gas (LNG) from Norway's Statoil has been delivered to Klaipeda. It is the tenth shipment to Lithuania this year so far, reports LETA/BNS.
Energy Minister Rokas Masiulis says that the development of liquefied natural gas (LNG) filling stations in Lithuania and elsewhere in Europe is not fast enough and that decisions in principle will have to be taken on the so-called "blue corridors" in the country, informs LETA/BNS.
A total of 14.9 million tons of oil shale was extracted in Estonia in 2015 and losses totaled 4.6 million euros, while a year earlier 15 million tons of oil shale was extracted and losses totaled 4.2 million tons, it can be seen from data published by the Land Board, cites LETA/BNS.
The Lithuanian subsidiary of Sweden's engineering and automation company ABB in 2016 expects revenue to come in at least at last year's level, informs LETA/BNS.
Lithuania's state-owned energy group Lietuvos Energija (Lithuanian Energy) is considering possible ways of cooperating with Blue LNG, a joint venture between Klaipedos Nafta and Germany's Bomin Linde LNG, informs LETA/BNS.
There are presently two global initiatives of cities and local governments combating destructive climate change while striving for sustainable energy: the EU Covenant of Mayors and the Compact of Mayors. They announced the formation of a new, first-of-its-kind initiative – Global Covenant of Mayors for climate and energy.
A Stockholm arbitration court, which examined Lithuania’s 1.4-billion-euro suit against Russia’s gas supplier Gazprom over overcharging for gas supplies, has found no guilt on Gazprom’s part, Lithuania’s Energy Minister said, cites LETA/BNS.