International Internet Magazine. Baltic States news & analytics
Monday, 30.05.2016, 00:08
Ventspils nafta terminals (VNT), one of the largest taxpayers in Ventspils and the largest contributor to the cargo turnover in the Ventspils Freeport, is in the process of investing EUR 5 million into the installation of a permanent vapour recovery unit (VRU) in the port of Ventspils.
Keyword tags: Energy, Good for Business, Investments, Latvia, Port, Transport
Latvijas Kugnieciba (Latvian Shipping Company) and its subsidiaries generated EUR 22.48 million in turnover in the first quarter of 2016, up 19.2% year-on-year, while its profit expanded 81.5% to EUR 3.986 million, informs LETA, according to the financial statements submitted to the Nasdaq Riga stock exchange.
Latvijas Gaze natural gas utility closed the first quarter of 2016 with a profit of EUR 27.6 million, according to the company's statement to the Nasdaq Riga stock exchange, cites LETA.
Klaipedos Nafta (Klaipeda Oil), Lithuania's state-controlled liquefied natural gas (LNG) terminals operator, may continue developing the joint LNG reloading station project together with Germany's LNG supplier Bomin Linde LNG, Lithuania's Energy Minister Rokas Masiulis told BNS on May 26th, cites LETA.
The infrastructure building group Leonhard Weiss has bought the Estonian builder of electrical networks AS Elwo via its subsidiary Leonhard Weiss Energy, the former Eesti Energia Vorguehitus, reports LETA/BNS.
The Lithuanian government is initiating the construction of wind power plants in the Baltic Sea, with projects to be implemented following the examples of Denmark and Germany, informs LETA/BNS.
On May 24th, Lithuania’s Foreign Minister Linas Linkevicius discussed the issue of Belarus nuclear power plant (NPP) in Ostrovets during the telephone conversation with Maros Sefcovic, Vice-President of the European Commission for Energy Union, reported BC the Lithuanian MFA.
Polish-capital oil refining company Orlen Lietuva has not requested higher discounts from the state-run Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) than those granted to other clients and maintains it does not owe 30 million euros, 15min.lt news portal said, cites LETA/BNS.
The company Energiasalv OU could abandon a plan to set up a 350-million-euro pumped storage power plant in the territory of the Joelahtme rural municipality on Estonia's North Coast and has chosen the town of Paldiski in the country's northwest as an alternative location, informs LETA/BNS.
Trilini Energy, subsidiary of the Estonian investment company Infortar, has been cleared by the Competition Authority to acquire the Russian energy giant Gazprom's 37% shareholding in Eesti Gaas, informs LETA/BNS.
Over 15,000 Lithuanian citizens have already supported a legislative initiative aimed at barring access for electricity from a nuclear power plant under construction in Belarus, which amounts to almost one-third of the minimum 50,000 signatures that are expected to be collected by July 9th, informs LETA/BNS.
The Latvian Federation of Pensioners has sent a letter to Prime Minister Maris Kucinskis (Greens/Farmers) with a request to create a mechanism to compensate low-income pensioners for the rising cost of electricity.
The cost of cleaning up acid waste ponds near Incukalns will increase another EUR 9 million, and the Environmental Protection and Regional Development Ministry will be trying to have the cost covered by European Union funds, Latvian Television program De Facto reported last night, cites LETA.
Latest data compiled by the Central Statistical Bureau (CSB) show that, in 2015 combined heat and power (CHP) plants produced 3 526.8 gigawatt hours (GWh) of electricity (17% more than in 2014) comprising 63% of the total volume of electricity generated in Latvia. Last year, 5 540.4 GWh of heat were produced in CHP plants – 72% of the total heat produced in the country.
Double standards cannot be applied to a new nuclear power plant that Belarus is building in Astravyets, close to its border with Lithuania, EU Health and Food Safety Commissioner Vytenis Andriukaitis said on May 20th in Vilnius, informs LETA/BNS.