Energy

International Internet Magazine. Baltic States news & analytics Tuesday, 21.10.2014, 13:17

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PM: State cannot afford to buy Latvijas Gaze shares from E.ON Ruhrgas

PM: State cannot afford to buy Latvijas Gaze shares from E.ON Ruhrgas

21.10.2014

The state cannot afford to buy E.ON Ruhrgas 47.23% stake in the Latvijas Gaze gas supply company, Prime Minister Laimdota Straujuma (Unity) said in an interview with the Latvian State Television this morning, reports LETA.

Keyword tags: Baltic States – CIS, Energy, EU – Baltic States, Gas, Latvia, Legislation



LNG carrier Independence will arrive to Lithuania next week

LNG carrier Independence will arrive to Lithuania next week

21.10.2014

Next week liquefied natural gas (LNG) carrier Independence will arrive to Lithuania, it will ensure Lithuania's energy freedom, says Jovita Neliupsiene, Chief Advisor on Foreign Affairs to President Dalia Grybauskaite, cites LETA/ELTA.

Units 1, 2 to be decommissioned at Lithuanian Elektrenai Power Plant

Units 1, 2 to be decommissioned at Lithuanian Elektrenai Power Plant

21.10.2014

The Board of the national electricity generation company Lietuvos Energijos Gamyba, implementing the strategy of the company and taking into account the opinion of the Supervisory Board, has decided to decommission units 1, 2 of the Lithuanian power plant (the Elektrenai Power Plant) owned by the company starting from 1 January, 2015, reports LETA/ELTA.


In 2011-2013, Lesto got LTL 137 mln in extra profit

In 2011-2013, Lesto got LTL 137 mln in extra profit

21.10.2014

It has been determined that in 2011-2013 Lithuanian electricity distribution operator Lesto has included certain costs into distribution services which it had no right to include. Therefore, at the expense of consumers it accrued around LTL 137 million (EUR 39.7 million) in extra profit, informed LETA/ELTA, referring to Vakaro zinios.

Lithuanian heat producers will be refunded for gas overpayment in two years

Lithuanian heat producers will be refunded for gas overpayment in two years

20.10.2014

Natural gas import price difference will be compensated to non-household consumers in two years in Lithuania, starting from 2015, reports LETA/ELTA.

20.10.2014

Profit of Lithuania's state-owned enterprises grows just by 1.2% in H1

Based on preliminary unaudited data, in the first half of 2014, normalised earnings of state-owned enterprises (SOE) in Lithuania totalled LTL 262.8 million (EUR 76.1 million), by 1.2% more year-on-year, informs LETA/ELTA.

20.10.2014

Minister Masiulis: nothing to fear about LNG carrier Independence security

Lithuanian Minister of Energy Rokas Masiulis has said that the incident in the Swedish waters should not hamper Lithuania's Liquefied Natural Gas terminal project, reports LETA/ELTA.

20.10.2014

New high voltage power line launched in Lithuania

A newly built high voltage power line between Klaipeda and Telsiai has been put into operation. It is the first 330 kV overhead power line built after the restoration of Lithuania's independence. The power line will transmit electricity from Northern Europe to Lithuania when the NordBalt power link begins to operate, energy company Litgrid announced in a statement, cites LETA/ELTA.

17.10.2014

EU: if Russian taps were turned off, Estonia would run out of gas in 4-5 days

The European Commission recommends Estonia, Latvia, Lithuania and Finland to start preparing for an emergency situation immediately since if Russian gas taps were turned off, Estonia, for example, would run out of gas in 4-5 days, LETA/Eesti Päevaleht writes.

17.10.2014

Mandatory to be bought LNG amounts distributed to Lithuanian companies

Natural gas trading company Litgas has distributed gas amounts, mandatory to be purchased from the liquefied natural gas (LNG) terminal, to heating producers and the Elektrenai Power Plant, reports LETA/ELTA.

17.10.2014

Lithuania's energy min: LNG terminal will not turn into bomb

Characteristics of liquefied natural gas (LNG) determine that even in case of an armed attack LNG terminal in Klaipeda would remain safe and would not turn into a powerful bomb, informs LETA/ELTA.

16.10.2014

Vedomosti: Russian oil companies seek alternatives to Latvian ports

During the Russian Energy Ministry's October 6 discussion on increasing the oil product transshipment amounts at Russian ports, Russian oil pipeline company Transneft suggested that this could be done at the expense of Latvian ports, business newspaper "Vedomosti" reports, cites LETA.

16.10.2014

About 40 electric automobiles registered in Latvia in 2014

About 40 electric automobiles have been registered in Latvia in 2014, Ingus Rutins, the vice president of "Automotive Association", told Nozare.lv/LETA.

16.10.2014

Seimas Speaker asks South Korea to back up Lithuania's OSCE accession aspirations

Parliament Speaker Loreta Grauziniene who is paying an official visit to South Korea has asked to support Lithuania's accession to the Organisation for Security and Co-operation in Europe (OSCE), informs LETA/ELTA.

15.10.2014

Latvia will support the progression of EU-U.S. trade talks during its EU presidency

Yesterday in Rome, Latvian Foreign Minister Edgars Rinkevivs met with the United States Trade Representative Michael Froman to discuss the EU-U.S. negotiations on the Transatlantic Trade and Investment Partnership Agreement (TTIP), the Foreign Ministry informed LETA.

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