Energy

International Internet Magazine. Baltic States news & analytics Sunday, 22.04.2018, 13:42

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The industrial producer prices in Estonia grew by 2.9% in March y-o-y

The industrial producer prices in Estonia grew by 2.9% in March y-o-y

20.04.2018

According to Statistics Estonia, in March 2018, the producer price index of industrial output changed by 0.2% compared to February and by 2.9% compared to March 2017.

Keyword tags: Analytics, Energy, Estonia, Industry, Markets and Companies



EU invests in Baltic power grid synchronization project

EU invests in Baltic power grid synchronization project

19.04.2018

The European Commission will provide 125,000 euros for a technical study on the Baltic power grids' planned synchronization with the Continental European network, with the final results of the study, estimated to cost 250,000 euros in total, to be released in June 2018, informs LETA/BNS.

Enefit starts selling electricity in Sweden

Enefit starts selling electricity in Sweden

17.04.2018

Estonian energy company Eesti Energia keeps expanding its business in the Baltic Sea region and has started selling electricity to households and businesses in Sweden under the brand name Enefit, reports LETA/BNS.


Fuel tax fraud group suspected of concealing tax liability worth EUR 800,000 in Estonia

Fuel tax fraud group suspected of concealing tax liability worth EUR 800,000 in Estonia

16.04.2018

Officials of the investigation department of the Estonian Tax and Customs Board (MTA) at the start of April 2018 detained six persons as suspects in a VAT fraud case connected to fuel, which resulted in concealed tax liability in the amount of nearly 800,000 euros, and three of the suspects were taken into custody at the request of the prosecutor's office, reports LETA/BNS.

Nord Stream 2 gas project strives to fill EU’s import gap

Nord Stream 2 gas project strives to fill EU’s import gap

16.04.2018

Gas pipeline from Russia to Germany does not plan to substitute Ukrainian transit, could also supply southern Europe, Nord Stream 2 tells New Europe.


13.04.2018

Lithuanian PM: political project Nord Stream 2 would harm Ukraine

The gas pipeline Nord Stream 2, which is projected on the bottom of the Baltic Sea, is in essence a political project and would cause major harm to Ukraine's economy, Lithuanian Prime Minister Saulius Skvernelis said during a visit in the country, reports LETA/BNS.

12.04.2018

Nord Stream 2 receives full set of permits in Finland

Project developer Nord Stream 2 AG on April 11th received the second of two permits required to construct and operate the planned natural gas pipeline in the Finnish Exclusive Economic Zone (EEZ), completing the permitting procedure in Finland, informed BC Nord Stream’s press service.

12.04.2018

LatRosTrans nearly doubles profit in 2017

LatRosTrans oil pipeline operator, a subsidiary of Latvia's Ventspils Nafta group, last year made a profit of EUR 1.746 million or 1.8 times more than in 2016 but the company's turnover dropped 4.43% to EUR 10.025 million, writes LETA, according to Firmas.lv business information website.

12.04.2018

Lithuania could use EU structural support for purchase of Independence LNG FRSU

Lithuania could use EU structural funds, among other options, to purchase the Klaipeda terminal's floating storage and regasification unit (FSRU) after 2024, Energy Minister Zygimantas Vaiciunas said on April 11th, reports LETA/BNS.

10.04.2018

Litgrid launches a key project in preparation for power grid synchronization

Lithuanian Deputy Energy Minister Egidijus Purlys and Litgrid CEO Daivis Virbickas say that the planned reconstruction of two transformer substations in northeastern Lithuania and the dismantling of a line to Belarus are a key project in preparing to synchronize the Baltic power grids with the Continental European network, reports LETA/BNS.

10.04.2018

Government in Latvia adopts tougher regulation to prevent energy producers from cheating with licenses

The Cabinet of Ministers in Latvia today approved the Economics Ministry's proposal to step up the supervision of energy producers in order to prevent them from cheating with mandatory purchase component (MPC) licenses, reports LETA.

10.04.2018

Real jail terms slapped on defendants in Latvenergo corruption case

The Riga Regional Court on April 9th slapped real jail terms on Latvenergo power utility’s former vice-president Aigars Melko, the company’s technical director Gunars Cvetkovs and Energy Consulting head Andrejs Livanovics, the court reported LETA.

10.04.2018

Rietumu Bank is sponsoring the Oil and Gas conference in Minsk

Minsk is the venue of the international conference Oil and Gas Markets of Central and Eastern Europe , the sponsor of which is Rietumu Bank.

09.04.2018

Lithuanian EnMin in Kiev: Nord Stream 2 is clearly geopolitical project of Russia

The Nord Stream 2 gas pipeline planed on the bottom of the Baltic Sea is a geopolitical project of Russia and should not become reality, says Lithuania's Energy Minister Žygimantas Vaiciunas, stressing the need to ensure compliance to top safety standards in the construction of the Belarusian nuclear power plant in Astravyets, informs LETA/BNS.

09.04.2018

Lithuania to reconstruct substations for grid synchronization for EUR 29 mln

Lithuania's electricity transmission company Litgrid will next week sign a 29 million euro contract with Kauno Tiltai, the road and bridge construction company, and Sweden's energy and automation technology concern ABB to reconstruct transformer substations of the Ignalina nuclear power plant and Utena that are crucial for the synchronization of electricity networks with Central Europe, informs LETA.

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