Energy

International Internet Magazine. Baltic States news & analytics Friday, 19.09.2014, 18:48

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EP supports EU sanctions against Russia

EP supports EU sanctions against Russia

19.09.2014

The European Parliament (EP) welcomes the ratification of the Association Agreement with Ukraine and steps being taken to restore peace in Ukraine, at the same time condemning the Russian Federation for waging an undeclared "hybrid war" against Ukraine, urging the European Union member states to cancel planned agreements with Russia in the energy sector and to support farmers affected by Russia's food embargo, as Marta Ribele, acting head of the EP Information Office in Latvia, informed LETA.

Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Financial Services, Legislation, Markets and Companies, Russia



Lithuanian MFA and Spain's new ambassador discussed economic, energy issues

Lithuanian MFA and Spain's new ambassador discussed economic, energy issues

19.09.2014

On 18 September in Vilnius, Minister of Foreign Affairs of Lithuania Linas Linkevicius and new Ambassador of Spain to Lithuania Emilio Fernandez-Castano y Diaz-Caneja discussed partnership within international organisations, economic cooperation, and issues relating to the EU internal energy market, reported BC the Ministry of Foreign Affairs.

Construction Inspectorate is demanding to destroy a biofuel plant in Vilnius

Construction Inspectorate is demanding to destroy a biofuel plant in Vilnius

18.09.2014

Blind stubbornness of the authorities has gone over the top as in the light of the current geopolitical crisis the Construction Inspectorate is demanding to destroy a newly built biofuel plant in Vilnius when Lithuania is facing an energy blockade from Russia and the heating season is about to begin, reports LETA/ELTA, referring to Lietuvos rytas.


Latvian Saeima approves mechanisms to compensate needy residents for of electricity price growth

Latvian Saeima approves mechanisms to compensate needy residents for of electricity price growth

18.09.2014

Saeima passed amendments to the Electricity Market Law in the final reading today, the amendments stipulate mechanisms to compensate low-income earners, needy residents, and large families for electricity price growth, reports LETA.

Estonian VKG launches second oil factory

Estonian VKG launches second oil factory

18.09.2014

Estonian chemical industry Viru Keemia Grupp (VKG) successfully launched its Petroter II plant, which is already running at full capacity for two weeks, LETA/Postimees Online reports.

18.09.2014

Litgas receives EUR 83.3 mln credit line from Swedbank

Natural gas supply and trade company Litgas signed an agreement with bank Swedbank on Wednesday over a LTL 287.73 million (EUR 83.3 million) credit line, reports LETA/ELTA.

17.09.2014

Estonian state supports work on Paldiski nuclear object with 2.1 mln euros

Estonian state-owned foundation Environmental Investments Centre (EIC) supports from European Union funds the necessary preliminary studies for reorganising the Paldiski nuclear object with EUR 2,116,000, LETA/Public Broadcasting reports.

17.09.2014

Lithuanian PM: government will approve shale gas taxation

Prime Minister of Lithuania Algirdas Butkevicius is positive that draft laws prepared by the Ministry of Environment over taxation of shale gas exploration and extraction will meet no hurdles and will be adopted, reports LETA/ELTA.

15.09.2014

Natural gas stocks would last a month for Lithuania's household users in case of gas cut-off

In case of natural gas supply disruptions from Russia, Lithuania's natural gas stocks for small volume household users would last for about a month, says Dalius Misiunas, head of the state-controlled energy company Lietuvos Energija, cites LETA/ELTA.

12.09.2014

New EU sanctions against Russia take effect

New European Union sanctions targeting Russian oil firms, defense companies and banks over the crisis in Ukraine entered into force on Friday, September 12th, informed LETA, referring to AFP/DPA.

11.09.2014

Lithuanian MFA, Norwegian ambassador discuss bilateral relations

Foreign Minister of Lithuania Linas Linkevicius met with newly appointed Norwegian Ambassador to Lithuania Dag Malmer Halvorsen in Vilnius on 9 September and discussed bilateral issues, as well as international agenda, informs LETA/ELTA the Ministry of Foreign Affairs.

11.09.2014

Estonia registers EU's second lowest gasoline price in early September

In early September 2014, the retail price for 95 octane gas in Latvia was EUR 1,279.25 per 1,000 liters – the third lowest price in the European Union, according to the European Commission's data on fuel prices in the EU, cites LETA. Estonia had the second lowest price.

11.09.2014

Israel doesn’t consider exporting natural gas to Lithuania yet

For the time being, Israel may consider exporting natural gas only to Southern Europe, while the possibility of importing it to Lithuania is not yet on the table, said Israel's Foreign Minister Avigdor Lieberman during his working visit to Lithuania, informs LETA/ELTA.

10.09.2014

German company wins first wind-turbine contract in Lithuania

Hamburg-based maker of wind turbines Nordex SE has won a contract to supply a 24-megawatt power-plant project in Lithuania, reports LETA/ELTA, referring to Bloomberg.

09.09.2014

EU delays Russia sanctions for "few days" to assess Ukraine ceasefire

The European Union (EU) has agreed on new sanctions against Russia but is waiting a "few days" before implementing them, EU President Herman Van Rompuy said on Monday, informs LETA, referring to DPA/AFP.

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