Energy

International Internet Magazine. Baltic States news & analytics Monday, 17.06.2019, 10:31

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Lithuania remains dependent on imported energy

Lithuania remains dependent on imported energy

14.06.2019

Lithuania used more energy resources last year, and the country remains dependent on imported energy, reported LETA/BNS.

Keyword tags: Analytics, Energy, Lithuania, Markets and Companies



GET Baltic is expanding regional gas exchange operations to Finland from 2020

GET Baltic is expanding regional gas exchange operations to Finland from 2020

13.06.2019

Regional Gas Exchange GET Baltic, operating in Lithuanian, Latvian and Estonian market areas is prepared to expand geographical coverage to other Northern Europe countries by launching new market area in Finland, and contributing to deeper integration of the Finnish and Baltic gas markets from 1st January 2020, informed Get Batlic rerpresentative.

Eesti Energia starts producing oil from scrap tires

Eesti Energia starts producing oil from scrap tires

12.06.2019

The state-owned energy group Eesti Energia started producing oil from end-of-life tires, the amount of which generated in Estonia each year is 12,000 tons, while the local factories are capable of using up to 260,000 tons of tires per year, informed company.


Lords LB fund attracts EUR 30 mln for solar project in Poland

Lords LB fund attracts EUR 30 mln for solar project in Poland

12.06.2019

Atsinaujinancios Energetikos Investicijos (Renewable Energy Investment), a company operated by investment company Lords LB Asset Management's Energy and Infrastructure SME Fund has reached agreement with France's Eiffel Energy Transition Fund on the sale of the company's ordinary debentures worth over 30 mln euros, reported LETA/BNS.

Lithuanian Energy looking for contractor for wind farm project in Mazeikiai District

Lithuanian Energy looking for contractor for wind farm project in Mazeikiai District

10.06.2019

Lithuania's state-run energy group Lietuvos Energija (Lithuanian Energy), which bought a wind farm project in the country's northwestern district of Mazeikiai for an undisclosed value, is now looking for a contractor to build and maintain this wind farm, reported LETA/BNS.


07.06.2019

First LNG cargo for Lithuania's Imlitex on its way to Klaipeda

Imlitex, a company of Lithuania's raw materials supply group Imlitex Holdings, expects to take delivery of its first LNG cargo this weekend and plans to continue using the Klaipeda LNG terminal, informed LETA/BNS.

07.06.2019

Smart Energy Fund invested in Estonian startup Hepta Airborne

Smart Energy Fund powered by Lietuvos Energija (Lithuanian Energy) and managed by Contrarian Ventures invested in Hepta Airborne, Estonia based startup developing solution for automatic power line inspection.

06.06.2019

New Novatek LNG cargo expected in Klaipeda

A new small cargo of liquefied natural gas (LNG) from Russia' Baltic Sea port of Vysotsk is expected to be delivered to Klaipeda on Thursday, marking the second shipment of gas from Novatek, Russia's biggest privately-owned gas producer, this month, reported LETA/BNS.

05.06.2019

Lithuania's Kruonis provides reserve service after Estlink outage

Lithuania's Kruonis Pumped Storage Plant provided an emergency reserve service after the Estlink power interconnection between Estonia and Finland went out on Tuesday, informed LETA/BNS.

05.06.2019

Work of Estlink 2 interconnection partially disturbed due to transformer problems

Since Tuesday noon, only a third of the maximum capacity has been available via Estonian-Finnish electricity interconnection Estlink 2 due to problems concerning a transformer at a converter station and Estonian transmission system operator (TSO) Elering is planning to eliminate the failure by Friday, reported LETA/BNS.

05.06.2019

Swiss Quaero Capital's fund buys Lithuania's Veju Spektras

An investment fund managed by Switzerland's Quaero Capital has acquired 100 percent of shares in Veju Spektras, a Lithuanian company operating a wind farm in Silute District, western Lithuania. It’s the fund's first investment in the Baltic states, the company said.

04.06.2019

With new regulation complete, what’s next for EU biofuels?

“ILUC has been solved,” declared Bernd Kuepker, a renewables policy officer at the European Commission’s energy department, at an event held in Brussels this week, writes Euractiv.

03.06.2019

Estonia: Alexela to acquire 50% holding in AS Ohtuleht Kirjastus

Alexela Grupp, the core owner of which is Estonian businessman Heiti Haal, is to acquire a 50 percent holding in Ohtuleht Kirjastus media organization and enter the Estonian media landscape with said transaction, reported LETA/BNS.

31.05.2019

Lithuania opens new opportunities for the development of green gas market

In order to promote green gas production in Lithuania, the natural gas transmission system operator Amber Grid will start providing businesses with guarantees of origin for gas produced from renewable energy sources, BC learned from the Amber Grid.

30.05.2019

Lithuania’s strive for energy security

Having suffered a nearly 50-year-long occupation, Lithuania has, over the recent 29 years of its independece, built a competitive market economy, become a member of the EU and NATO, and continues to build a welfare state. Ensuring energy security was and continues to be a major challenge on this road. The following are some of my thoughts on the ways energy resources can be turned into weapons used against sovereign states.

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