International Internet Magazine. Baltic States news & analytics
Friday, 07.03.2014, 14:09
On March 6th, EstLink 2, the high voltage direct current interconnection between Estonia and Finland, was officially inaugurated in a simultaneous ceremony in both Estonia in Püssi and Finland in Haikko, Porvoo, reports LETA, referring to Estonian main grid company Elering.
Keyword tags: Energy, Estonia, EU – Baltic States, Legislation
The preliminary sales revenues of SC Klaipedos Nafta during two months of 2014 comprise LTL 20.1 million (EUR 5.8 million) and are lower by 28.7% compared to the same period of 2013 (LTL 28.2 or EUR 8.2 million), informs LETA/ELTA.
Enefit, the Latvian subsidiary of the Estonian joint-stock power utility Eesti Energia, posted EUR 56.5 million in turnover last year, as Enefit informed the Nozare.lv business portal, cites LETA.
New round of the UN climate change negotiations starts in Bonn (10-14 March 2014), marking the beginning of an intense year of conferences and summits designed to lead to a universal agreement in Paris in late 2015. Bonn meeting includes attempts towards the new global climate agreement, to enter into force from 2020, and finding ways to boost immediate, effective climate action.
The agreement, concluded under the pressure of Estonian economy minister Juhan Parts last Friday, that Estonia and Finland will build a joint regional liquefied natural gas (LNG) terminal with the support of European money on both shores of the Gulf of Finland, may be an illusion, LETA/Postimees writes.
Lithuania's Prime Minister Algirdas Butkevicius so far is not sure if Lithuania' friendly position regarding Ukraine and hostile position regarding Russia will not have a negative impact on further stages of the negotiations with gas company Gazprom, informs LETA/ELTA.
Yesterday, the Commission for the electricity energy generation, synchronisation and market functioning under the leadership of Lithuania's Prime Minister Algirdas Butkevicius held a sitting in the Government, informs LETA/ELTA.
The Municipality of Vilnius city approved of the investments in the reduction of the pollution of the thermo power plants, informs LETA/ELTA.
Today, Latvian Saeima approved in the final reading amendments to the Energy Law, envisaging gradually opening up the gas market until April 2017, informs LETA.
Opening of the joint Baltic electricity market on June 3 last year resulted in a 13 mln euro loss for Estonia's state-owned energy giant Eesti Energia since the energy company could not foresee the new market regulations in its earlier activities, LETA/Postimees writes.
Although postponing liberalization of the electricity market for households will prevent higher electricity rates already in April 2014, Latvian Prime Minister Laimdota Straujuma (Unity) cannot guarantee that power utility Latvenergo will not raise its tariffs later this year, reports LETA.
Larger Germany's company is determined to invest in Kaunas city. After the visit in Lithuania's city Kaunas, the representatives of the German energy company Danpower announced that they seriously considered the opportunity to invest in Kaunas heating sector, informs LETA/ELTA.
On Tuesday, while striving for the competitive energy prices and the agreement on the EU strategy for 2030, the European Union (EU) Energy Council discussed 2 new European Commission's (EC) communiques – Energy Price and Expenditures in Europe and Strategy of Climate and Energy Policy for 2020-2030, informs LETA/ELTA.
The government of Latvia today finally reached agreement on a framework according to which needy residents will be issued a compensatory amount to counter higher electricity rates after the electricity market is liberalized; local governments will be tasked with compiling data on these residents and having the data forwarded to electricity trading companies via the State Regional Development Agency, informs LETA.
Lithuania's Prime Minister Algirdas Butkevicius visited Klaipeda city where he was introduced with the construction processes of the liquid natural gas (LNG) terminal's gas pipeline and quay, informs LETA/ELTA.