Energy

International Internet Magazine. Baltic States news & analytics Thursday, 28.05.2015, 22:58

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Latvia has fifth lowest electricity and gas prices in EU

Latvia has fifth lowest electricity and gas prices in EU

27.05.2015

Electricity and gas prices of Latvian households was the fifth lowest in the European Union in the second half of last year, reports LETA, according to Eurostat.

Keyword tags: Analytics, Energy, EU – Baltic States



Latvijas Gaze begins pumping gas for next heating season into Incukalns facility

Latvijas Gaze begins pumping gas for next heating season into Incukalns facility

27.05.2015

On May 27th 2015, joint-stock gas supply company Latvijas Gaze has begun pumping gas into the Incukalns Underground Storage Facility in preparation for the next heating season, the company's spokesman Vinsents Makaris explained, adding that due to the warm winter, the company has started to pump gas into the facility about a month later than usual, informs LETA.

Estonian VKG's profit fell considerably in 2014

Estonian VKG's profit fell considerably in 2014

27.05.2015

Estonian shale oil producer Viru Keemia Grupp (Viru Chemistry Group) earned in 2014 nearly 10 million euros in net profit, while in 2013, the profit was almost 20 million euros, LETA/Public Broadcasting reports.


KVV Liepajas metalurgs paid EUR 100,000 to laid-off workers

KVV Liepajas metalurgs paid EUR 100,000 to laid-off workers

27.05.2015

KVV Liepajas metalurgs has paid about EUR 100,000 to the company's laid-off workers, KVV Liepajas metalurgs board member Igor Kovalenko told LETA.

Businessman: production in Latvia becoming unprofitable due to high mandatory procurement component

Businessman: production in Latvia becoming unprofitable due to high mandatory procurement component

27.05.2015

The high electricity tariffs caused by the mandatory procurement component (MPC) have become a problem for all business owners, and for a lot of them production in Latvia is becoming unprofitable, this according to Janis Vilnitis, owner of the joint-stock paper producer Liepajas papirs, in an interview with "Rietumu radio", cites LETA.

26.05.2015

Estonian Nelja Energia issued EUR 50 mln worth of bonds

Estonian renewable energy producer Nelja Energia AS announced that it successfully completed a EUR 50 million bond issue on May 22nd, informs LETA.

26.05.2015

Average market price of electricity in Latvia and Lithuania increased by 13% last week

Last week, the average price of electricity in Latvia and Lithuania increased to EUR 40.87 per megawatt hour (Mwh), which is 13% more than in the previous week, according to Latvenergo's information on electricity prices on the energy exchange Nord Pool Spot, cites LETA.

26.05.2015

Nuclear non-proliferation treaty review conference in New York ends without a final document

On 22 May saw the conclusion of the month-long Review Conference of the Parties to the Treaty on Non-Proliferation of Nuclear Weapons (NPT). Thorough and meaningful discussions took place on all the three NPT pillars – disarmament, non-proliferation and the peaceful uses of nuclear energy, as well as on regional issues. Regrettably, the states were unable to reach a consensus on organizing a separate conference on the establishment of a nuclear-free zone in the Middle East, reports BC the Latvian MFA.

25.05.2015

Belarusian Oil Company to buy terminal in Riga

CJSC Belarusian Oil Company plans to acquire Woodison Terminal Ltd., one of the companies operating at the Freeport of Riga, according to the TV3 show "Neka Personiga", cites LETA.

25.05.2015

Price of electricity could reduce by 5-7% in 2016 in Latvia

The average price of electricity in Latvia could reduce 5-7% in 2016, this according to CEO of Latvenergo Aris Zigurs in an interview with the LNT show "900 sekundes" today, cites LETA/Nozare.lv.

25.05.2015

Latvenergo Group income reduced to 259.5 mln euros in Q1

The unaudited interim condensed consolidated financial statements of Latvenergo Group for the first 3 months of 2015 were published on 22 May. In the first quarter of 2015, Latvenergo Group income constituted 259.5 million euros, or 20% less compared to the first 3 months of 2014.

25.05.2015

Tusk in Riga: EU's priority will be energy and transport

The priority of the European Union (EU), as part of its cooperation with the Eastern Partnership countries, will be energy and transport, this according to President of the European Council, Donald Tusk, during a press conference in Riga on May 22nd, reports LETA.

22.05.2015

EU supports construction of third Estonian-Latvian electricity connection with 112 mln euros

Estonian state-owned power grid company Elering announced that it signed a financing agreement with the European Commission, according to which the European Union finances the construction of the third Estonian-Latvian electricity connection with 112 million euros, informs LETA.

21.05.2015

Symbol of friendship between Lithuania and Finland unveiled in Vilnius

President of Lithuania Dalia Grybauskaite together with Finland’s former President Tarja Halonen unveiled sculpture “Suomis” in Vilnius. At the unveiling ceremony, the President underlined that this sculpture was a symbol of close friendship between Lithuania and Finland, reports BC presidential press service.

21.05.2015

KVV Liepajas metalurgs to lay off 15% of staff

KVV Liepajas metalurgs at this time is laying off 15% of its workers, the company's representative Inese Ozolina told LETA.

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