Energy

International Internet Magazine. Baltic States news & analytics Monday, 18.12.2017, 05:16

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Ignalina NPP CEO suspected of abuse in asset auction probe

Ignalina NPP CEO suspected of abuse in asset auction probe

15.12.2017

Lithuanian law-enforcement officials have brought formal suspicions against Darius Janulevicius, current CEO of the Ignalina Nuclear Power Plant (NPP), and another five persons, including Osvaldas Ciuksys, its former CEO, over a suspected non-transparent auction of the plant's assets worth over 1.5 million euros, reports LETA/BNS.

Keyword tags: Energy, Financial Services, Legislation, Lithuania, Nuclear power plant



Estonian PM emphasizes importance of clean technologies

Estonian PM emphasizes importance of clean technologies

14.12.2017

Estonian Prime Minister Juri Ratas participated in the One Planet Summit on December 12th and said that proactive investment in clean technologies will help to prevent sudden changes in the society, writes LETA/BNS.

Latvian Speaker to Ukrainian: Nord Stream II contravenes EU's common energy policy

Latvian Speaker to Ukrainian: Nord Stream II contravenes EU's common energy policy

13.12.2017

Latvia has been consistently saying that the Nord Stream II natural gas pipeline project contravenes the European Union’s (EU) common external energy policy and that it will weaken the bloc’s Neighborhood Policy, Saeima Speaker Inara Murniece (National Alliance) said during a meeting with Andriy Parubiy, Speaker of Ukraine’s Verkhovna Rada.


Electricity prices lowest in Lithuania among Baltic States

Electricity prices lowest in Lithuania among Baltic States

13.12.2017

Electricity prices in all bidding zones of the Nord Pool exchange were declining over the past week, while the Lithuanian price was the lowest among the Baltic states, electricity transmission company Litgrid said, cites LETA/BNS.

Vitol increases its stake in Latvijas Kugnieciba to 97.05%

Vitol increases its stake in Latvijas Kugnieciba to 97.05%

12.12.2017

Latvijas Kugnieciba shareholder Vitol Netherlands B.V. has increased its stake in the Latvian shipping company to 97.05%, Latvijas Kugnieciba said in its statement to the Nasdaq Riga stock exchange, cites LETA.


11.12.2017

Construction on Kaunas CHP plant launched

Lithuania's state-owned energy group Lietuvos Energija (Lithuanian Energy) and Finnish-owned Fortum Heat Lietuva are launching the construction of a 150-million-euro combined heat and power (CHP) plant in Kaunas, reports LETA/BNS.

08.12.2017

Latvijas Gaze subsidiary gets license for distribution of natural gas

The Latvian Public Utilities Commission (Regulator) has issued a license for distribution of natural gas to Latvijas Gaze subsidiary Gaso, the regulator’s representatives reported LETA.

07.12.2017

Klaipedos Nafta to invest up to EUR 21 mln in upgrading oil terminal's quays

Lithuania's state-controlled energy terminals operator Klaipedos Nafta (Klaipeda Oil) plans to invest up to 20.9 million euros, including VAT, in upgrading the port's quays used by its oil terminal, informs LETA/BNS.

07.12.2017

Limarko set to enter LNG transportation market

Lithuania's largest shipping company Limarko is set to enter the liquefied natural gas (LNG) transportation market after Baltkonta, a subsidiary of the group, has ordered its first 400,000-euro LNG tank truck in Germany, reports LETA/BNS.

07.12.2017

Lithuanian LNG terminal costs for gas consumers likely to rise 7%

The Klaipeda liquefied natural gas (LNG) terminal's maintenance costs for gas consumers is likely to rise by slightly more than 7% in 2018, reports LETA/BNS.

07.12.2017

Tallinn to test self-driving buses in 2018

The Tallinn city government is to start testing a self-driving bus performing the so-called last mile in 2018, informs LETA/BNS.

07.12.2017

Stemma Group's wind farms attract market interest, not for sale yet

Stemma Group, a Lithuanian company owned by the family of Martin Gusiatin, a former shareholder of Klaipedos Smelte, one of the Klaipeda port's biggest cargo operators, is considering selling its four wind farms, writes LETA/BNS.

06.12.2017

Rinkevics calls for strengthening of strategic partnership between the EU and the US

On Tuesday, Latvian Foreign Minister Edgars Rinkevics took part in the meeting of the Foreign Ministers of the European Union and the United States of America, at which the participants emphasized the need for building a closer and more active cooperation between the EU and the US in the field of energy, strategic communications, and cyber defense, informs LETA.

06.12.2017

Lithuania concerned over Astravyets NPP plan B

Officials of Lithuanian institutions intend to hold discussions in early December on preparations for the threats of the Astravyets Nuclear Power Plant (NPP) under construction in Belarus, as the factual status of the project shows that the power plant may be completed, Verslo Zinios daily said on December 6th, cites LETA/BNS.

06.12.2017

Lithuania's electricity price remains highest in Baltics

Electricity prices in the Baltic countries rose by 6% on average last week, driven up by increased demand due to lower temperatures, as well as lower wind and precipitation levels and growing exports to European markets, especially Germany, Elektrum Lietuva said on December 5th, cites LETA/BNS.

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