International Internet Magazine. Baltic States news & analytics
Tuesday, 21.10.2014, 13:17
The state cannot afford to buy E.ON Ruhrgas 47.23% stake in the Latvijas Gaze gas supply company, Prime Minister Laimdota Straujuma (Unity) said in an interview with the Latvian State Television this morning, reports LETA.
Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Gas, Latvia, Legislation
Next week liquefied natural gas (LNG) carrier Independence will arrive to Lithuania, it will ensure Lithuania's energy freedom, says Jovita Neliupsiene, Chief Advisor on Foreign Affairs to President Dalia Grybauskaite, cites LETA/ELTA.
The Board of the national electricity generation company Lietuvos Energijos Gamyba, implementing the strategy of the company and taking into account the opinion of the Supervisory Board, has decided to decommission units 1, 2 of the Lithuanian power plant (the Elektrenai Power Plant) owned by the company starting from 1 January, 2015, reports LETA/ELTA.
It has been determined that in 2011-2013 Lithuanian electricity distribution operator Lesto has included certain costs into distribution services which it had no right to include. Therefore, at the expense of consumers it accrued around LTL 137 million (EUR 39.7 million) in extra profit, informed LETA/ELTA, referring to Vakaro zinios.
Natural gas import price difference will be compensated to non-household consumers in two years in Lithuania, starting from 2015, reports LETA/ELTA.
Based on preliminary unaudited data, in the first half of 2014, normalised earnings of state-owned enterprises (SOE) in Lithuania totalled LTL 262.8 million (EUR 76.1 million), by 1.2% more year-on-year, informs LETA/ELTA.
Lithuanian Minister of Energy Rokas Masiulis has said that the incident in the Swedish waters should not hamper Lithuania's Liquefied Natural Gas terminal project, reports LETA/ELTA.
A newly built high voltage power line between Klaipeda and Telsiai has been put into operation. It is the first 330 kV overhead power line built after the restoration of Lithuania's independence. The power line will transmit electricity from Northern Europe to Lithuania when the NordBalt power link begins to operate, energy company Litgrid announced in a statement, cites LETA/ELTA.
The European Commission recommends Estonia, Latvia, Lithuania and Finland to start preparing for an emergency situation immediately since if Russian gas taps were turned off, Estonia, for example, would run out of gas in 4-5 days, LETA/Eesti Päevaleht writes.
Natural gas trading company Litgas has distributed gas amounts, mandatory to be purchased from the liquefied natural gas (LNG) terminal, to heating producers and the Elektrenai Power Plant, reports LETA/ELTA.
Characteristics of liquefied natural gas (LNG) determine that even in case of an armed attack LNG terminal in Klaipeda would remain safe and would not turn into a powerful bomb, informs LETA/ELTA.
During the Russian Energy Ministry's October 6 discussion on increasing the oil product transshipment amounts at Russian ports, Russian oil pipeline company Transneft suggested that this could be done at the expense of Latvian ports, business newspaper "Vedomosti" reports, cites LETA.
About 40 electric automobiles have been registered in Latvia in 2014, Ingus Rutins, the vice president of "Automotive Association", told Nozare.lv/LETA.
Parliament Speaker Loreta Grauziniene who is paying an official visit to South Korea has asked to support Lithuania's accession to the Organisation for Security and Co-operation in Europe (OSCE), informs LETA/ELTA.
Yesterday in Rome, Latvian Foreign Minister Edgars Rinkevivs met with the United States Trade Representative Michael Froman to discuss the EU-U.S. negotiations on the Transatlantic Trade and Investment Partnership Agreement (TTIP), the Foreign Ministry informed LETA.