Energy

International Internet Magazine. Baltic States news & analytics Monday, 01.09.2014, 14:13

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Klaipedos Nafta net profit reduced to EUR 3.7 mln in H1

Klaipedos Nafta net profit reduced to EUR 3.7 mln in H1

01.09.2014

SC Klaipedos Nafta (Klaipeda Oil) net profit for the six months of 2014 amounts to LTL 12.7 million (EUR 3.7 million) or less by 40.7% if compared to the same period of 2013 – LTL 21.4 million (EUR 6.2 million), reports LETA/ELTA, referring to the company.

Keyword tags: Energy, Lithuania, Oil, Transport



Half-year net profit of Ventspils nafta – EUR 4.35 mln

Half-year net profit of Ventspils nafta – EUR 4.35 mln

01.09.2014

Net profit of Ventspils nafta and its subsidiaries reached EUR 4.35 million in the first half of 2014, according to a report submitted to NASDAQ OMX Riga, cites LETA/Nozare.lv.

Latvenergo posts EUR 42.3 mln in profit in H1

Latvenergo posts EUR 42.3 mln in profit in H1

31.08.2014

Joint-stock power utility Latvenergo posted EUR 42.3 million in profit in the first half of the year 2014, which is 47.3% more than in the first six months of 2013, as Nozare learned from the company, cites LETA.


LESTO earned EUR 15.5 net profit in H1

LESTO earned EUR 15.5 net profit in H1

29.08.2014

Lithuanian electricity distribution company LESTO, which is a part of the state-controlled energy group Lietuvos Energija, during the first six months of 2014 has continued to increase operational effectiveness and investments in upgrading distribution network, reports LETA/ELTA.

Revenue of Litgrid in H1 amounted to EUR 63 mln

Revenue of Litgrid in H1 amounted to EUR 63 mln

29.08.2014

In the first half of 2014, the Litgrid Group's total revenue was LTL 217.5 million (EUR 62.9 million), 15% smaller than in the corresponding period of 2013. The largest share, 47% or LTL 102.6 million (EUR 29.7 million), of the group's revenue is comprised of revenue from power transmission, reports LETA/ELTA.

29.08.2014

Does Lithuania need a new NPP?

According to Prime Minister Algirdas Butkevicius, a study carried out by energy experts has not provided answers whether a new nuclear power plant is needed for Lithuania after all. This question can be answered only after considering arguments of all interested sides, reports LETA/ELTA.

27.08.2014

Gasum will sell Estonian subsidiary to Alexela Energy

Gasum Energiapalvelut Oy will sell its subsidiary Gasum Estonia to Alexela Group’s subsidiary Alexela Energia, writes LETA/Äripäev.ee.

26.08.2014

Lithuanian president presents seven sets of tasks to government

President of Lithuania Dalia Grybauskaite introduced members of the Government with her insights regarding priorities for the new political season. They are comprised of seven sets of tasks, related to domestic and external political challenges, reports LETA/ELTA.

26.08.2014

Klaipedos Nafta is planning to expand LNG infrastructure

JSC Klaipeda Nafta, implementing a liquefied natural gas (LNG) terminal project gets interest from market participants regarding LNG reload into railway wagons, LNG trucks and LNG bunkering. In order to determine the potential demand of such LNG services and amounts, the company announces a public market consultation, informed BC Indrė Milinienė.

26.08.2014

Ventbunkers earns EUR 19.2 mln in 2013

In 2013, Ventbunkers turned over EUR 69.5 million, which is 17% more than in 2012, while the company's net profit in 2013 was EUR 19.2 million, as compared to EUR 128,000 in 2012, Ventbunkers informed the business portal Nozare.lv, cites LETA.

25.08.2014

LESTO plans to improve the reliability of its power distribution network by 10%

Lithuanian electricity distribution network operator AB LESTO plans to improve the reliability of its power distribution network by 10% over the next seven years. The company, which is controlled by energy company group Lietuvos Energija, has over 1.6 million customers in Lithuania, reported LETA/ELTA the operator LESTO.

25.08.2014

US senator supports shale gas import by Lithuania

Possible shale gas import by Lithuania through the Liquefied Natural Gas terminal which is currently under construction was discussed at the meeting between President Dalia Grybauskaite and the US Congress delegation, reports LETA/ELTA.

22.08.2014

Applications for EU support for project Gas Interconnection Poland-Lithuania submitted

On 19 August 2014, the Polish and Lithuanian natural gas transmission systems operators GAZ-SYSTEM S.A. and AB Amber Grid submitted joint applications to the Innovation & Networks Executive Agency (INEA) for the co-financing of the project Gas Interconnection Poland – Lithuania (GIPL) from Connecting Europe Facility (CEF), informs BC the Ministry of Energy.

22.08.2014

Rate for heat produced at Windau cogeneration plant to increase by 72%

The Public Utilities Commission has approved new heat supply rate charged by the Windau cogeneration plant – EUR 29.53 per megawatt-hour, which is 72 percent more than the current EUR 17.12 per megawatt-hour, Nozare.lv learned from the commission, cites LETA.

22.08.2014

Lithuania to have alternative gas supplier for a first time

Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part of energy company group Lietuvos Energija, has signed an agreement of strategic importance with Norwegian company Statoil, informs LETA/ELTA.

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