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Monday, 22.12.2014, 06:11
On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on EUR 65 million loan for a maximum period of sixteen years, reported BC press service of Litgrid.
Keyword tags: Energy, EU – Baltic States, Investments, Lithuania, Loan
French mechanical engineering company Alstom is "very interested" in future opportunities in the Baltic States and Latvia, including the Latvian railroad electrification and European-standard gauge railway project Rail Baltica, the company's spokeswoman to Finland and Baltic States, Sari Luhanka informed LETA.
In November, the average electricity price in the Lithuanian trading zone of the Nord Pool Spot was 17.4 ct/kWh, a drop down by 6% compared to October 2014, and was the lowest since May this year, reports BC Litgrid AB, the Lithuanian electricity transmission system operator.
The European Parliament voted on Wednesday upon the proposal to reject the European Commission fuel quality directive, but it was not supported; the directive equalizes the treatment of engine fuels regardless of whether these are produced from oil or oil shale, LETA/Public Broadcasting reports.
Statistics Lithuania announced that in the third quarter of 2014, compared with the second quarter of 2014, the price of transportation via pipelines services increased the most, by 22.2%, followed by sea and coastal transport services, by 3.1%, security and investigation activities, by 2.1%, cites LETA/ELTA.
AB Klaipedos Nafta and UAB AGA signed a three year memorandum of understanding related to the development of the infrastructure of the Liquefied Natural Gas (LNG) terminal in Lithuania, reports BC LETA/ELTA, referring to Vakaru ekspresas.
The Estonian ministers received an overview on the implementation of the government action programme at their Monday cabinet meeting and concluded that as of year-end, the most important objectives to be carried out next year include increasing the child benefits and lowering labour taxes, reports BC government communication unit.
On 16 December, the Seimas adopted amendments to the Law on the Market of Energy Resources aimed at increasing the amount of biofuel bought in the energy exchange in Lithuania, reports LETA/ELTA.
Most probably Eesti Gaas will remain responsible for guaranteeing the long-term gas supply in Estonia in the future despite the opportunities offered by the Klaipeda LNG terminal, writes LETA, referring to Eesti Päevaleht.
The Estonian-Finnish submarine electricity cable Estlink 2 lacks an operating permit, but the Technical Surveillance Authority (TSA) does not consider it necessary to stop its use, because the facility has been declared safe and working, and there is high interest to keep it operating, Äripäev.ee/LETA reports.
Three Baltic countries' electricity distribution system operators have come up with a plan to synchronize the three countries' energy systems with those of Continental Europe until 2025, Augstsprieguma tikls informed LETA.
The lobby-work the Estonian government and oil shale producers have conducted for many years to ensure the appropriate rules in the European Union for selling shale oil, may end in failure, LETA/Public Broadcasting reports.
On 11 December, the first two transformers for the power interconnection NordBalt to link Lithuania with Sweden have been successfully unloaded from the vessel by a floating crane, reports BC Litgrid, the Lithuanian electricity transmission system operator.
Considering the ongoing changes at the fuel market, Estonian main natural gas seller Eesti Gaas will lower the price of gas for consumers in 2015, LETA/Delfi Ärileht reports.
Wind park developer Winergy considers police searches of the company's offices and employees' residences on December 10th night as "revenge" for the company's move to sue the State of Latvia in an international arbitration court, reports LETA.