Energy

International Internet Magazine. Baltic States news & analytics Sunday, 26.03.2017, 21:47

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Lithuanian energy producer LEG approves EUR 0.02 dividend for H2 2016

Lithuanian energy producer LEG approves EUR 0.02 dividend for H2 2016

24.03.2017

Lithuania's state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG) is set to distribute 12.702 million euros as dividends, or 0.02 euros per share, to shareholders for the second half of 2016, bringing to 40.01 mln euros the total dividend payout for the year, reports LETA/BNS.

Keyword tags: Energy, Energy Market, Financial Services, Lithuania



Synchronization of Baltic and Western electricity systems faces numerous challenges

Synchronization of Baltic and Western electricity systems faces numerous challenges

24.03.2017

As Lithuanian and Polish government officials continue talks on synchronization of the Baltic electricity networks with continental Europe, it remains unclear when and what decision would be taken. After the Polish electricity transmission operator PSE suggested building a sea link, companies of Lithuanian and Estonia expressed disapproval, while Latvia has called for more thorough discussions, writes LETA/BNS.

Eesti Gaas getting LNG also from Poland

Eesti Gaas getting LNG also from Poland

22.03.2017

Eesti Gaas has started to import liquefied natural gas (LNG) also from Poland, in addition to Russia where it has been getting its LNG from so far, writes LETA/BNS.


Lithuania's Orlen Lietuva to load products to tank vehicles in Klaipeda

Lithuania's Orlen Lietuva to load products to tank vehicles in Klaipeda

22.03.2017

Polish-owned Lithuanian oil company Orlen Lietuva will load petrol and diesel fuel produced at its facility in Mazeikiai, northern Lithuania, onto tank vehicles in the port city of Klaipeda after bringing it by rail. The operations will be conducted in a renovated modern site of Klaipedos Nafta company, informed LETA/BNS.

Lithuania gets reinforcement from Poland in fight against Belarus' N-plant

Lithuania gets reinforcement from Poland in fight against Belarus' N-plant

20.03.2017

Poland became Lithuania's first ally in its efforts to stop the construction of the Russian state corporation Rosatom's nuclear power plant in Belarus when it announced its intentions not to purchase electricity from the facility under construction in Astravyets, just 50 kilometers from Vilnius, Lithuanian politicians and experts said on Monday LETA/BNS.


20.03.2017

Eesti Gaas sells 1.3 mln cum more natgas in February

AS Eesti Gaas sold 57.7 mln cubic meters of natural gas in February, 1.3 million cubic meters more than in February 2016, reports LETA/BNS.

20.03.2017

Sadales Tikls power grid operator to buy 200,000 smart meters for installation across Latvia

Latvian power grid operator Sadales Tikls is going to buy 200,000 smart meters for installation across Latvia, the company announced LETA.

17.03.2017

Conexus Baltic Grid warns of possible closure of Incukalns gas storage facility

Incukalns underground natural gas storage facility might be closed if a solution on financing its operational costs is not found, Conexus Baltic Grid natural gas transmission and storage operator’s representative Sandra Adamsone said LETA/BNS.

17.03.2017

One LitPol Link connection may be enough for synchronization

Amid discussions at the Polish electricity transmission operator PSE about building a marine link instead of a second air line, Lithuania's power transmission system operator Litgrid says synchronization would be possible with the one existing LitPol Link power line, reports LETA/BNS.

17.03.2017

Eesti Energia to invest EUR 52.5 mln in Jordan

The state owned Estonian energy group Eesti Energia is about to invest 52.5 mln euros in Attarat Power Company (APCO), a company set up to carry out a large scale, oil shale based power generating project in Jordan, reports LETA/BNS.

16.03.2017

Eesti Energia: USD 2.1 b Jordan oil shale project secures funding

Attarat Power Company (APCO) has announced that it has reached financial close for the 2.1-billion-U.S.-dollar project to build the first oil shale fired power station and open cast mine in Jordan, reports Eesti Energi.

16.03.2017

Lithuania's Kaunas CHP plant signs EUR 75 mln worth of treaties

Progress has been reported in the Kaunas combined heat and power ( CHP ) plant project that has been subject to heated discussions – 75 million euros worth of contracts were Thursday signed with German, Finnish, French and Czech companies, writes LETA/BNS.

15.03.2017

Lithuania's electricity market price hits record lows Wednesday

After rising last week, the price of electricity in Nord Pool's Lithuanian bidding area fell to record lows in the early hours of Wednesday, the power transmission system operator Litgrid said LETA/BNS.

15.03.2017

Estonia's natgas imports climb 4.7% on year in February

The import of natural gas to Estonia in February increased by 4.7% over February 2016 to 64.8 mln cubic meters, the transmission system operator Elering said LETA/BNS.

14.03.2017

Elektrilevi invested EUR 88.5 mln in 2016

Last year the Estonian electricity distribution system operator Elektrilevi invested 88.5 mln euros in assuring and increasing quality, building 253 substations and 2,699 kilometers of new lines, reports company.

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