International Internet Magazine. Baltic States news & analytics
Tuesday, 21.05.2013, 11:01
Companies searching for oil deposits in Baltic Sea optimistic and hopeful
21.05.2013Representatives from companies searching for oil deposits in Latvian territorial waters said after a meeting with President Andris Berzins at the House of the Blackheads yesterday that they were optimistic and hopeful, informs LETA.
Keyword tags: Energy, Good for Business, Investments, Latvia, Oil, Transport
Combined heat and power plants in Latvia produced 62.9% of the total heat
20.05.2013In 2012, in Latvia there were 133 active combined heat and power (CHP) plants with total electrical capacity 1021.0 megawatts (MW). Provisional data compiled by the Central Statistical Bureau of Latvia show that 70.1% of the total heat generated by CHP plants were produced in Riga. CHP plants produced 2339 gigawatt hours (GWh) of electricity and 4688 GWh of heat – 62.9% of the total heat produced.
Estonian and Finland: LNG terminal location will be determined by independent assessor
20.05.2013Estonian economy and communications minister Juhan Parts and Finnish economy minister Jan Vapaavuori agreed at their meeting in Tallinn on Wednesday that in order for treatment of the competing liquefied natural gas (LNG) terminal projects of Estonia and Finland to be equal, it is reasonable to carry out an independent assessment by the European Commission, LETA/Postimees Online reports.
US will help Lithuania ensure its energy security
20.05.2013President Dalia Grybauskaitė, currently on a working visit to the United States of America, met with the Speaker of the U.S. House of Representatives, John Boehner, chairs of the congressional committees on foreign affairs and armed forces, and other influential congressmen to discuss regional and energy security issues as well as Lithuanian-U.S. military cooperation, reports BC presidential press service.
PMs of Latvia and the Czech Republic see opportunities to increase economic cooperation between countries
17.05.2013On May 17, during the meeting of Prime Minister of Latvia Valdis Dombrovskis and Prime Minister of the Czech Republic Petr Nečas, both officials shared the opinion that the relations of the two countries should focus on increasing mutual trade and exchange in investments, informs BC press secretary to the Prime Minister Mārtiņš Panke.
Scientific support for the Danube Strategy: following the steps of the Baltic Sea Strategy
The Danube Region covers the territory of 8 EU countries (Germany, Austria, Hungary, Czech Republic, Slovak Republic, Slovenia, Bulgaria and Romania) and six non-EU countries (Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Ukraine and Moldova). Since 2011, the Commission assists the region in overcoming existing social, economic and environmental problems.
Price of LitPol Link interconnection stands at EUR 283,827
Lithuanian electricity transmission system operator Litgrid and international consulting and engineering company Poyry through its subsidiary Poyry SwedPower has signed a contract according to which it will provide technical consulting services during the installation of electricity link (LitPol Link) between Lithuania and Poland, informs LETA/ELTA.
Autogas sales in Latvia increased by 50% in Q1
In comparison with the first quarter of 2012, autogas retail sales rose 50% in the first quarter of 2013, informs LETA/Nozare.lv, referring to data from the State Revenue Service.
Time is running out in deciding the location of LNG terminal
If Estonia and Finland cannot agree by the end of June on which side of the Gulf of Finland the liquefied natural gas (LNG) terminal would be built, the chance of getting financing from the current financing round for the project disappears, LETA/Public Broadcasting reports.
Latvenergo will pay LVL 28.6 mln in dividends to the state
Latvenergo, the joint-stock power company, held a shareholders' meeting today, where a decision was made to pay out the largest part of 2012 profit in dividends to the state, leaving the remaining amount for the company's development, writes LETA/Nozare.lv.
Grybauskaite and Finnish president open Fortum power plant in Klaipeda
Lithuanian President Dalia Grybauskaite together the President of Finland Sauli Niinisto inaugurated the Fortum Klaipeda combined heat and power plant. Located in the Klaipeda Free Economic Zone, the cogeneration plant will burn biomass and waste to produce heat, reports BC the presidential press service.
Butkevicius and Niinisto discussed Lithuania's Presidency in EU Council
On Tuesday, Prime Minister Algirdas Butkevicius met with President of Finland Sauli Vainamo Niinisto who is on a visit to Lithuania. Bilateral relations, cooperation between the Nordic and Baltic States, and priorities of Lithuania's Presidency over the Council of the European Union were discussed during the meeting, informed BC the PM press service.
PM: necessary to further strengthen Lithuania-Germany economic cooperation
Prime Minister Algirdas Butkevicius welcomed Minister-President of the Region of Saxony-Anhalt of the Federal Republic of Germany, Reiner Haselhoff. The meeting primarily focused on economic cooperation between Saxony-Anhalt and Lithuania, reported BC the PM press service.
Grybauskaite and Niinisto to open waste-to-energy plant in Klaipeda
On Wednesday, the presidents of Lithuania and Finland – Dalia Grybauskaite and Sauli Niinisto – will take part in a ribbon-cutting ceremony at a new waste-to-energy plant in the port city of Klaipeda, YLE said in a report, cites LETA/ELTA.
Lithuania and Finland discussed measures to tackle the debt crisis in EU
President Dalia Grybauskaitė and Finnish President Sauli Väinämö Niinistö, who has arrived in Lithuania for a state visit, discussed how to strengthen bilateral relations, the Nordic-Baltic cooperation (NB8) and measures to tackle the debt crisis in the EU. The Presidents also discussed Lithuania's upcoming presidency of the Council of the European Union and the topical issues in energy and business spheres, informed BC presidential press service.
EU’s assessment of Latvian economic activity 
