International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 09:29
The Nord Stream 2 project, being pursued by Gazprom, has taken today another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.
Keyword tags: Construction, Energy, EU – Baltic States, EU – CIS, Financial Services, Gas, Gas Market , Good for Business, Russia
Vilnius' local authority and the municipal heating grid operator Vilniaus Silumos Tinklai (Vilnius Heating Grid, or VST) are planning to go to the Stockholm arbitration court after Veolia and Vilniaus Energija (Vilnius Energy), the French group's local subsidiary whose 15-year lease on the Lithuanian capital's heating system has recently ended, rejected the city's claim, worth around 200 million euros, for damages caused to the assets during the lease period, writes LETA/BNS.
The gas seller Eesti Gaas sold 176.5 mln cubic meters of gas in the first quarter of 2017, 14.8% less than during the same period a year ago, reports LETA/BNS.
Government has already agreed not to support Ventspils Port's participation in Nord Stream 2 project21.04.2017
The government has already agreed not to support Ventspils' participation in the Nord Stream 2 gas pipeline project, sources tell LETA.
The northwestern Latvian port of Ventspils and two terminals operating there, Noord Natie Ventspils Terminals and Eurohome Latvija, have received an offer to participate in the Nord Stream 2 gas pipeline project by ensuring the storage and deliveries of pipes via Ventspils port, Ventspils mayor and the port’s board chairman Aivars Lembergs said at a news conference today citing LETA.
Latvia supports the synchronization of the Baltic electricity networks with continental Europe via Poland, Lithuania's Energy Minister Zygimantas Vaiciunas said after discussing the issue with Latvia's Vice-PM and Economics Minister Arvils Aseradens on Thursday.
The Lithuanian parliament on Thursday adopted a bill to restrict electricity imports from the Astravyets nuclear power plant under construction in Belarus and other unsafe nuclear facilities in third countries, reports LETA/BNS.
The LitPol Link power interconnection between Lithuania and Poland will be available for use for electricity trade between Lithuania and Sweden starting from July, Litgrid said on Tuesday LETA/BNS.
There is a consensus among member countries of the Baltic Energy Market Interconnection Plan (BEMIP) that the Baltic power grids have to be synchronized with the Western European system via Poland, but details, such as the need for a second LitPol Link, remain to be worked out, writes LETA/BNS.
A new shipment of around 140,000 cubic meters of liquefied natural gas (LNG) from Norway's Statoil is arriving to Klaipeda on Thursday, marking the first delivery of LNG to the fertilizer manufacturer Achema in the current gas year, writes LETA/BNS.
A key step should be taken in the synchronization of the electricity networks of the three Baltic states with Western Europe, which is one of the most important energy projects of the past decade. Members of the Baltic Energy Market Interconnection Plan (BEMIP) should discuss the study conducted by the European Commission's Joint Research Center to decide on the connection of the Baltic and Western European grids, reports LETA/BNS.
The Estonian state-owned energy company Eesti Energia is planning to take over 5% of the Polish energy market, CEO Hando Sutter told journalists on Monday, according to the ISBnews reports writes LETA/BNS.
The average price of electricity in Nord Pool's Lithuanian bidding area last week remained stable at 30.8 euros per megawatt-hour, Litgrid said on Monday.
The price of electricity in Nord Pool's Lithuanian bidding area averaged 31.3 euros per megawatt-hour in March, almost unchanged from a year ago and down by 14% from a month ago, Litgrid said on Friday.