Energy

International Internet Magazine. Baltic States news & analytics Wednesday, 23.04.2014, 19:55

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More promises and plans mentioned Lithuanian Government's report than completed tasks

More promises and plans mentioned Lithuanian Government's report than completed tasks

23.04.2014

On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.

Keyword tags: Analytics, Economics, Energy, Investments, Legislation, Lithuania, Real Estate, Transport



EBRD joins Estonian VKG oil shale industry loan syndicate

EBRD joins Estonian VKG oil shale industry loan syndicate

23.04.2014

The European Bank for Reconstruction and Development (EBRD) made a decision this month to grant a loan to Estonian shale oil producer Viru Keemia Grupp (VKG), LETA/Public Broadcasting reports.

Electricity bourse price at NPS at lowest level in almost 2 years in March

Electricity bourse price at NPS at lowest level in almost 2 years in March

23.04.2014

The system price of electricity at the Nordic electricity bourse Nord Pool Spot (NPS) fell in March in all price regions, the last time the monthly price was as low was in summer 2012, LETA/Postimees Online cites Estonian main grid company Elering.


Estonia intends to change rules of bunkering ships

Estonia intends to change rules of bunkering ships

23.04.2014

Estonian environment minister Keit Pentus-Rosimannus formed a working group that will review the legal regulation on bunkering of ships to prevent pollution of the sea, LETA/Delfi reports.

Alexela bought the whole Kiviõli Keemiatööstus

Alexela bought the whole Kiviõli Keemiatööstus

22.04.2014

As of April 16, Estonian fuel concern AS Alexela Energia is the owner of all assets of chemicals industry OÜ Kiviõli Keemiatööstuse Varad, Äripäev.ee/LETA reports.

22.04.2014

Lithuania's renewable energy resources development program labelled unambitious

Representatives of business and energy sector are criticising the national renewable energy resources program. Experts say the document is declarative, is set to meet only the minimum EU requirements and in no way contributes ensuring the country's energy independence. Therefore, it has to be redrafted, informs LETA/ELTA.

22.04.2014

Lithuanian state-owned enterprises earned EUR 140 mln normalized net profit in 2013

Based on preliminary data, the Lithuanian state-owned enterprises (SOEs) were 11.9% more profitable in 2013 than in 2012 – the enterprises earned LTL 484 million (EUR 140 million) in normalized net profit (net profit, following the elimination of non-standard state taxes and the effect of the bankruptcies of two local banks), informs LETA/ELTA.

17.04.2014

Grybauskaite and U.S. Senators discussed European security

President of Lithuania Dalia Grybauskaite met with U.S. Republican Senators John McCain, John Barrasso and John Hoeven. The main points of discussion were the situation in Ukraine and the threats it posed to the security of Europe and the Baltic region, reports BC presidential press service.

16.04.2014

Latvenergo Group looks at EUR 46 mln profit in 2013

Latvenergo Group has published its audited Annual Report for 2013 which shows profit at EUR 46 million, down 9% from 2012, as NASDAQ OMX Riga reports, cites LETA/Nozare.lv.

16.04.2014

Vopak E.O.S. will launch redundancies

Estonia’s oil product terminals' operator Vopak E.O.S. announced that due to the complicated business environment, it will start cutting its general expenditures and also the number of employees, LETA/Postimees Online reports.

16.04.2014

Veshnyakov: Russia is not planning any economic sanctions against Latvia

Russian Ambassador Alexander Veshnyakov, interviewed by LTV, reassured viewers that Latvia faces no threat from Russia. He said that he realizes that Russia's operations in Ukraine have upset many people in Latvia, who are concerned about state security, informs LETA/ELTA.

16.04.2014

Lithuanian PM: poles do not plan to sell ORLEN Lietuva

Lithuania's Prime Minister Algirdas Butkevicius claimed he had not heard anything about the intentions of the Polish company PKN ORLEN to sell petroleum refining company ORLEN Lietuva on his visit to Mazeikiai-based company on Monday, cites LETA/ELTA.

16.04.2014

EU foreign ministers call for an end to the destabilization of Ukraine

During meeting in Luxembourg, European Union foreign ministers called for an end to the destabilization of Ukraine and decided to expand the list of restricted measures. Foreign Minister Urmas Paet said at the meeting of European Union foreign ministers in Luxembourg yesterday, that the actions of separatists in eastern Ukraine in recent days are unacceptable, the Foreign Ministry of Estonia said in a statement.

16.04.2014

Estonian PM: Balticconnector and LNG terminals need a fast agreement

Estonian Prime Minister Taavi Rõivas said during a working visit to Finland on Tuesday, at a meeting with his Finnish colleague Jyrki Katainen that the Balticconnector gas pipeline and LNG terminals need a fast agreement and the long-delayed process has to be completed, LETA/Postimees Online reports.

15.04.2014

EcoMin: Dobele gas storage facility could serve as regional importance gas infrastructure object

The Dobele gas storage facility in Latvia could serve as a regional importance gas infrastructure object and source, Economy Minister Vjaceslavs Domvrovskis (Reform Party) believes, cites LETA/Nozare.lv.

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