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Monday, 01.09.2014, 14:13
SC Klaipedos Nafta (Klaipeda Oil) net profit for the six months of 2014 amounts to LTL 12.7 million (EUR 3.7 million) or less by 40.7% if compared to the same period of 2013 – LTL 21.4 million (EUR 6.2 million), reports LETA/ELTA, referring to the company.
Net profit of Ventspils nafta and its subsidiaries reached EUR 4.35 million in the first half of 2014, according to a report submitted to NASDAQ OMX Riga, cites LETA/Nozare.lv.
Joint-stock power utility Latvenergo posted EUR 42.3 million in profit in the first half of the year 2014, which is 47.3% more than in the first six months of 2013, as Nozare learned from the company, cites LETA.
Lithuanian electricity distribution company LESTO, which is a part of the state-controlled energy group Lietuvos Energija, during the first six months of 2014 has continued to increase operational effectiveness and investments in upgrading distribution network, reports LETA/ELTA.
In the first half of 2014, the Litgrid Group's total revenue was LTL 217.5 million (EUR 62.9 million), 15% smaller than in the corresponding period of 2013. The largest share, 47% or LTL 102.6 million (EUR 29.7 million), of the group's revenue is comprised of revenue from power transmission, reports LETA/ELTA.
According to Prime Minister Algirdas Butkevicius, a study carried out by energy experts has not provided answers whether a new nuclear power plant is needed for Lithuania after all. This question can be answered only after considering arguments of all interested sides, reports LETA/ELTA.
Gasum Energiapalvelut Oy will sell its subsidiary Gasum Estonia to Alexela Group’s subsidiary Alexela Energia, writes LETA/Äripäev.ee.
President of Lithuania Dalia Grybauskaite introduced members of the Government with her insights regarding priorities for the new political season. They are comprised of seven sets of tasks, related to domestic and external political challenges, reports LETA/ELTA.
JSC Klaipeda Nafta, implementing a liquefied natural gas (LNG) terminal project gets interest from market participants regarding LNG reload into railway wagons, LNG trucks and LNG bunkering. In order to determine the potential demand of such LNG services and amounts, the company announces a public market consultation, informed BC Indrė Milinienė.
In 2013, Ventbunkers turned over EUR 69.5 million, which is 17% more than in 2012, while the company's net profit in 2013 was EUR 19.2 million, as compared to EUR 128,000 in 2012, Ventbunkers informed the business portal Nozare.lv, cites LETA.
Lithuanian electricity distribution network operator AB LESTO plans to improve the reliability of its power distribution network by 10% over the next seven years. The company, which is controlled by energy company group Lietuvos Energija, has over 1.6 million customers in Lithuania, reported LETA/ELTA the operator LESTO.
Possible shale gas import by Lithuania through the Liquefied Natural Gas terminal which is currently under construction was discussed at the meeting between President Dalia Grybauskaite and the US Congress delegation, reports LETA/ELTA.
On 19 August 2014, the Polish and Lithuanian natural gas transmission systems operators GAZ-SYSTEM S.A. and AB Amber Grid submitted joint applications to the Innovation & Networks Executive Agency (INEA) for the co-financing of the project Gas Interconnection Poland – Lithuania (GIPL) from Connecting Europe Facility (CEF), informs BC the Ministry of Energy.
The Public Utilities Commission has approved new heat supply rate charged by the Windau cogeneration plant – EUR 29.53 per megawatt-hour, which is 72 percent more than the current EUR 17.12 per megawatt-hour, Nozare.lv learned from the commission, cites LETA.
Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, has signed an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.