Energy

International Internet Magazine. Baltic States news & analytics Monday, 24.11.2014, 09:58

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US secretary of energy: Lithuania is example to other countries

US secretary of energy: Lithuania is example to other countries

24.11.2014

Lithuanian Energy Minister Rokas Masiulis, who on 19-21 November took part at the Atlantic Council Energy and Economic Summit in Istanbul, presented Lithuania's energy achievements to United States Secretary of Energy, Dr. Ernest Moniz, cites LETA/ELTA.

Keyword tags: Energy, EU – Baltic States, Forum, Gas, Lithuania, USA



Losses sustained by Latvijas Kugnieciba reduces to USD 14.17 mln in 9 months

Losses sustained by Latvijas Kugnieciba reduces to USD 14.17 mln in 9 months

22.11.2014

The interim financial result for joint-stock Latvijas Kugnieciba (Latvian Shipping Company, LK) and its subsidiaries (LSC Group) for the nine months of 2014 resulted in a net loss of USD 14.17 million, which is USD 10.47 million less compared to the respective period in 2013, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange, cites LETA.

Estonia invests 60 mln euros in 5 years in environmental pollution fight

Estonia invests 60 mln euros in 5 years in environmental pollution fight

22.11.2014

The Estonian Ministry of Environment is investing nearly 60 million euros over five years in the environmental pollution fight capacity, LETA/Public Broadcasting reports.


Completing Europe: from the North-South Corridor to energy, transportation and telecommunications union

Completing Europe: from the North-South Corridor to energy, transportation and telecommunications union

21.11.2014

Economic growth and energy security are the backbones of the European Union’s resilience, but are both the weak spots in the chainmail of Europe. This challenge should be addressed by the creation of an integrated set of energy, transportation, and digital links, a North-South Corridor spanning across Central Europe, linking the Baltic to the Adriatic and Black Seas.

Prosecutor brings charges against 6 persons in Daugavpils siltumtikli bribery affair

Prosecutor brings charges against 6 persons in Daugavpils siltumtikli bribery affair

21.11.2014

The prosecutor in charge of the so-called Daugavpils siltumtikli affair has brought charges against six persons for bribery, abuse of authority, and fraud.

21.11.2014

Ministry: gas for heat producers in Lithuania to be 6-7% cheaper in 2015

The final natural gas price for heat producers (those buying from the new company Lietuvos Duju Tiekimas, owned by Lietuvos Energija Group, and from LITGAS) in 2015 will be by 6-7% or by LTL 100 (EUR 29) / 1,000 cubic metres cheaper than this year, the Ministry of Energy says, cites LETA/ELTA.

21.11.2014

Electricity bourse NPS price fell by 6.4% in October

The average electricity price was 40.22 EUR per MWh in October in the Nordic electricity bourse Nord Pool Spot (NPS) Estonian price region, by 6.4% lower than in September, LETA/Postimees Online reports.

20.11.2014

Lithuanian energy minister: LNG terminal is game changer

Minister of Energy in Lithuania Rokas Masiulis welcomed the participants of the Baltic Energy Forum 2014. He emphasized that the Liquefied Natural Gas (LNG) terminal will change the rules that the energy market operates under, writes LETA/ELTA.

20.11.2014

Winergy sues state of Latvia

Indrek Kuivallik, the owner of wind farm developer Winergy, has filed a claim against the state Latvia, as Winergy legal advisor Julija Brice informed LETA.

20.11.2014

Government reduces Eesti Energia's dividend payment by 20 mln euros

At its Thursday session, the Estonian government decided to reduce dividends paid in 2014 by the state-owned energy giant Eesti Energia by 20 million euros to 93.6 million euros, LETA/Postimees Online reports.

20.11.2014

Lithuania's deputy MFA calls for immediate completion of EU internal energy market

Lithuania's Deputy Minister of Foreign Affairs Rolandas Krisciunas took part in the EU's General Affairs Council meeting, which continued a debate on a strategic agenda for the European Union and discussed one of its pillars – the creation of an Energy Union, reported BC the ministry.

19.11.2014

Vopak E.O.S. wants LNG terminal in Muuga

After the Estonian and Finnish prime ministers concluded an agreement on liquefied natural gas (LNG) this week, the best location for the Estonian regional LNG terminal in the changed situation now is the port of Muuga, announced oil products' transit and storage company, Dutch firm Royal Vopak's Estonian subsidiary Vopak E.O.S., LETA/Postimees Online reports.

19.11.2014

Rethinking EU’s “architecture”: towards a more efficient Europe

Real value in EU policies is their interchanging character and cross-sectoral perspectives for the European future. These interchanges are becoming more important as the pace of development through global economic and geopolitical structures is accelerating. Commission vice-president Maroš Šefčovič revealed at the same time main features of the future EU energy union.

19.11.2014

Estonia and Finland agree on construction of two LNG terminals

Estonian Prime Minister Taavi Roivas and his Finnish counterpart, Alexander Stubb, reached an agreement on Monday to build two liquefied natural gas (LNG) terminals, connected by a pipeline, in both countries by 2019, reports YLE/ERR/LETA.

18.11.2014

EC mission notes several problematic areas where Latvia should do more

Members of the European Commission's post-monitoring mission have recommended Latvia to pay closer attention to several areas, including higher education and energy, Prime Minister Laimdota Straujuma (Unity) told a press conference after a meeting with representatives from the Commission's post-monitoring mission, cites LETA.

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