Energy

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:36

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Estonia's security of electricity supply guaranteed until 2030

Estonia's security of electricity supply guaranteed until 2030

04.12.2020

The security of electricity supply for Estonian consumers on the market basis is ensured at least until 2030, both according to the European electricity system sufficiency survey as well as surveys commissioned by the Estonian transmission system operator Elering, writes LETA/BNS.

Keyword tags: Energy, Estonia, EU – Baltic States, Good for Business, Technology



Tallinn to contribute EUR 85,000 towards OECD program on circular economy

Tallinn to contribute EUR 85,000 towards OECD program on circular economy

03.12.2020

The city of Tallinn is set to contribute 85,000 euros towards the program of the Organization for Economic Cooperation and Development (OECD) titled "Program on the Circular Economy in Cities and Regions", informs LETA/BNS.

Augstpriegumu Tikls purchases shares in Conexus from Gazprom for EUR 77 mln

Augstpriegumu Tikls purchases shares in Conexus from Gazprom for EUR 77 mln

03.12.2020

The purchase price of Gazprom's stake in Latvian natural gas transmission and storage operator Conexus Baltic Grid (Conexus) by the state-owned transmission system operator Augstsprieguma Tikls was EUR 77 million, writes LETA, according to information published by Augstsprieguma Tikls.


Lithuania government leaves decision on Equinor LNG purchases to next Cabinet

Lithuania government leaves decision on Equinor LNG purchases to next Cabinet

03.12.2020

Lithuania's outgoing government on Wednesday left it for the new Cabinet to decide on the minimum number of LNG shipments the country purchases from Norway's Equinor to keep the Klaipeda LNG terminal operational, writes LETA/BNS.

Lithuanian government paving way for wind turbine production in Klaipeda

Lithuanian government paving way for wind turbine production in Klaipeda

03.12.2020

With Lithuania planning to build wind farms in the Baltic Sea, the government on Wednesday took steps to set up infrastructure for turbine production, assembly and storage operations in the port of Klaipeda, writes LETA/BNS.


02.12.2020

NordBalt power link offline due to failure in Sweden

The NordBalt power interconnection between Lithuania and Sweden went offline in the early hours of Wednesday due to a failure on the Swedish side, Lithuania's electricity transmission system operator said LETA/BNS.

02.12.2020

Shale oil could create EUR 8.2 bln in Estonian wealth in 20 yrs

According to an analysis commissioned by the Estonian Chemical Industry Association and carried out by KPMG, shale oil production could create 8.2 billion euros of national wealth over the next 20 years, of which 7.5 billion euros would be shared between the sector's partners, the public sector, employees and the public, reports LETA/BNS.

02.12.2020

New LNG shipment from US arrives in Lithuania's Klaipeda

A new LNG shipment from the United States has been delivered to the Klaipeda-based LNG terminal in Lithuania, marking a fourth such delivery in the new gas year that started in October, writes LETA/BNS.

02.12.2020

EBRD gets concerned over Lithuania's plans to cut LNG purchase from Equinor

Lithuania's Energy Ministry's proposal to the country's government to reduce from four to two the number of LNG shipments the country's gas supply company Ignitis buys from Norway's Equinor every year and also to compensate only 10% of the difference between the gas purchase price and the market price has raised concern not only for the Lithuanian company's key shareholder, the Finance Ministry, but also the European Bank for Reconstruction and Development which owns 4% of Ignitis, informs LETA/BNS.

01.12.2020

Lithuania's MP Group bags EUR 64 mln contract to build segment of Baltic Pipe in Poland

Lithuania's pipeline construction company MT Group has been awarded a contract worth almost 64 million euros to build a Polish segment of the Baltic Pipe pipeline that will link Norway with Denmark and Poland, informs LETA/BNS.

01.12.2020

Elering to maintain renewable energy charge at 1.13 euro cents per kWh in 2021

The renewable energy charge collected from Estonian consumers for the payment of renewable electricity subsidies pursuant to the Electricity Market Act will remain at 1.13 euro cents per kilowatt-hour (kWh) without VAT in 2021, writes LETA/BNS.

30.11.2020

Natgas prices for Lithuania's smallest consumers to rise 6.4% from January

Natural gas prices for the least consuming households in Lithuania will rise as of January, but prices for other groups will remain unchanged, writes LETA/BNS.

27.11.2020

Latvian ministry: we're ready to continue discussions on power trade

Latvia is open to further discussions on the Baltic states' power trade with third countries, its Ministry of Economics says. It says the new methodology agreed with Lithuania and Estonia is already working and is effective, adding that Russian certificates guarantee that electricity is not produced in Belarus, informed LETA/BNS.

27.11.2020

Latvenergo Group posts EUR 94.665 mln in profit in January-September

Latvenergo Group posted EUR 564.359 mln in turnover in January-September this year, which is 9.1% less than in the same period of 2019, while the group's profit rose 52.6% to EUR 94.665 mln.

27.11.2020

New vessel to bring LNG shipment from US to Lithuania's Klaipeda

A new LNG shipment is scheduled to be delivered from the United States the Klaipeda-based LNG terminal in Lithuania, marking a fourth such delivery in the new gas year that started in October, writes LETA/BNS.

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