Energy

International Internet Magazine. Baltic States news & analytics Tuesday, 21.05.2019, 04:22

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Estonia: Pipeline installation of the offshore part of Balticconnector to begin

Estonia: Pipeline installation of the offshore part of Balticconnector to begin

20.05.2019

Pipeline installation of the offshore part of Balticconnector, the Estonian-Finnish gas interconnection, will begin today. In 2018 all preparatory offshore works were completed, and the seabed is now ready for the pipeline to be installed, Elering informed BC.

Keyword tags: Construction, Energy, Estonia, EU – Baltic States, Gas, Good for Business



Baltics, US agree on 3+1 energy cooperation format

Baltics, US agree on 3+1 energy cooperation format

20.05.2019

In an effort to ramp up their cooperation in energy, the three Baltic countries and the United States agreed to set up a 3+1 cooperation format, with the first meeting under the format planned to be held in Vilnius next September, In an effort to ramp up their cooperation in energy, the three Baltic countries and the United States agreed to set up a 3+1 cooperation format, with the first meeting under the format planned to be held in Vilnius next September, the Lithuanian president's office said.

Lithuanian Energy's Q1 revenue up by fifth to EUR 429 mln

Lithuanian Energy's Q1 revenue up by fifth to EUR 429 mln

20.05.2019

Lithuania's state-run energy group Lietuvos Energija (Lithuanian Energy) posted 429.3 mln euros in revenue in the first quarter of this year, up 19.8% from 358.3 mln euros a year ago, informed LETA/BNS.


New LNG cargo for Lithuania's LET arrives in Klaipeda

New LNG cargo for Lithuania's LET arrives in Klaipeda

20.05.2019

A tanker has arrived in Lithuania's port of Klaipeda, brining a new LNG shipment for Lietuvos Energijos Tiekimas (Lithuanian Energy Supply, LET), part of the state-run energy group Lietuvos Energija (Lithuanian Energy), reported LETA/BNS.

Generation of electric power in Latvia down 28.3% in four months

Generation of electric power in Latvia down 28.3% in four months

20.05.2019

During the first four months of 2019, Latvia generated 2.256 gigawatt-hours (GWh) of electric power, down 28.3% from the same period last year, according to an electricity market review released by Augstsprieguma Tikls transmission system operator writes LETA.


17.05.2019

Amount of electricity produced in CHP plants rose by 39% in 2018

The latest data compiled by the Central Statistical Bureau (CSB) show that in 2018 the amount of electricity produced in combined heat and power (CHP)1 plants2 constituted 4170.0 gigawatt hours (GWh), which accounts for 62 % of the total amount of electricity generated in Latvia. Compared to 2017, the amount of electricity produced in CHP plants went up by 39%, which can be explained by the reduction in hydro power output caused by the dry and hot weather.

17.05.2019

Gas prices for Lithuanian household to remain unchanged in July – regulator

Natural gas prices for Lithuanian households will remain unchanged in July, the market regulator has confirmed to LETA/BNS.

17.05.2019

Lithuania to build 3 compensators for grid synchronization with Europe

As Lithuania, Latvia and Estonia prepare to synchronize their power grids with the Continental European network, three synchronous compensators are to be built in each of the three Baltic countries to ensure frequency stability, informed LETA/BNS.

17.05.2019

Experts suggest using Lithuania's LNG terminal for electricity, heat energy generation

Some foreign experts believe that the use of the Klaipeda liquefied natural gas (LNG) terminal could be expanded, for example, to generate electricity and heat energy, thus reducing its costs for consumers, informed LETA/BNS.

16.05.2019

Lithuanian refinery returns 2 shipments of tainted Russian crude

Polish-owned Lithuanian crude refiner Orlen Lietuva has returned two shipments of Russian oil contaminated with chlorine compounds, according to the Verslo Zinios reported LETA/BNS.

15.05.2019

Lithuania: Smart Energy Fund together with Honda invested in the leading smart battery company Moixa

Smart Energy Fund powered by Lietuvos Energija (Lithuanian Energy), and managed by Contrarian Ventures along with Honda, Japanese automobile manufacturer, and other partners invested in Moixa, UK-based company developing smart energy storage devices and virtual power plants technologies, informed representative of the Lietuvos energija.

13.05.2019

Augstsprieguma Tikls power transmission operator to start construction of third Estonian-Latvian interconnection

Latvia’s Augstsprieguma Tikls power transmission operator on Thursday will start construction of the third Estonian-Latvian Interconnection project, the company’s representative Aija Ikstena reported LETA.

10.05.2019

New Novatek gas shipment approaching Lithuania's Klaipeda

Russia's largest independent gas company Novatek's new LNG shipment from the Russian port of Vysotsk is approaching Lithuania's port of Klaipeda. The shipment is believed to be meant for the largest gas consumer in Lithuania, the Jonava-based fertilizer producer Achema, informed LETA/BNS.

10.05.2019

Lithuania imports major part of gas via LNG terminal

95% of gas that reached consumers in Lithuania in early May were imported via the Klaipeda-based LNG terminal, its operator Klaipedos Nafta said LETA/BNS.

09.05.2019

Electricity price in Estonia up 5.19% in April

After the two previous months, the price of electricity increased slightly in all Nord Pool bidding areas in April, with the price in Estonia rising 5.19 % month over month to 42.18 euros per megawatt-hour, informed LETA/BNS.

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