International Internet Magazine. Baltic States news & analytics
Saturday, 04.07.2015, 23:44
Significant changes are bound to happen in Lithuania's energy market in 2016: new interconnections with Poland and Sweden will be launched, electricity generation quotas for combined heat and power plants will be cancelled and a more favourable to consumers gas supply security financing model should enter into force, reports LETA/ELTA.
Keyword tags: Energy, EU – Baltic States, Legislation, Lithuania
During today's meeting of the joint-stock company Latvijas Gaze shareholders, it was decided to use the distributable share of the company's 2014 profit to pay EUR 28.728 million or EUR 0.72 per share to shareholders in dividends, according to Latvijas Gaze announcement submitted to the "Nasdaq" Riga Stock Exchange, cites LETA.
On 29-30 June 2015, Lithuanian Energy Minister Rokas Masiulis as part of a Lithuanian delegation was visiting Croatia. Masiulis met with Croatian Economy Minister Ivan Vrdoljak and took part in a Lithuanian-Croatian energy security forum. Croatia currently is particularly concerned about enhancing its energy security as the country imports more than half of its energy resources, reported BC the Lithuania's Ministry of Energy.
Fortum, a Finnish energy company focusing on the Nordic and Baltic countries, Poland, and Russia, is negotiating on the restructuring of the territorial generating company, TGC-1. The negotiations have not, however, come to conclusions, that would make it possible for Fortum to decide on its participation in the Fennovoima nuclear power project, reports LETA/ELTA. Referring to Fortum.
Litgrid, the Lithuanian electricity transmission system operator, has prepared and submitted to the National Control Commission for Prices and Energy Ten-Year Network Development Plan for 2015 – 2024, informs LETA/ELTA.
Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on July 2nd in Vilnius, Lithuania regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services, Litgas reports LETA/ELTA.
Stockholm arbitration case concerning Lithuania's action against Russian gas company Gazprom has been opened in Paris. Lithuania's Energy Minsiter Rokas Masiulis attended the oral hearing on July 1st. Oral hearings will conclude the main procedures of the arbitration, informs LETA/ELTA.
During June 2015, state company Klaipedos nafta reloaded 634 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. greater by 56.9% compared to June 2014, when 404 thousand tons were reloaded, the Company said in a statement, cites LETA/ELTA.
Commission provides funds –through the Connecting Europe Facility, CEF to help finance key trans-European energy infrastructure projects in the member states. This is the second of the two Commission’s calls scheduled for 2015. Up to €550 million will be made available for projects contributing to a resilient energy union. Below are conditions for applicants.
Mikhail Khodorkovsky might have been the one who put a contract on the life of Nefteyugansk mayor Vladimir Petukhov, who was killed in 1998, the Investigative Committee's spokesman Vladimir Markin has told TASS, cites LETA/ELTA.
On 23-28 June 2015, the average electricity price in the Nord Pool Spot Lithuanian bidding area was EUR 40.87/MWh, and was very similar to that of the previous week. Compared to the same period a year ago, the price last week was by one quarter smaller, writes LETA/ELTA.
Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) Council approved on Tuesday the construction of a liquefied natural gas (LNG) bunkering terminal in the Muuga port, the company announced LETA.
The Lithuanian Parliament has extended 9% VAT exemption on heating from 1 July 2015 to 31 December 2016, reports LETA/ELTA.
The rating agency Standard & Poor's (S&P) lowered the credit rating of Estonia's state-owned energy company Eesti Energia from BBB to BBB + while the outlook remained stable, Eesti Energia announced, cites LETA.
President of Lithuania Dalia Grybauskaite, on an official visit to Croatia, and Croatian President Kolinda Grabar-Kitarovic opened a bilateral high-level energy forum “Towards the European Energy Union”, reported BC presidential press service.