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Tuesday, 06.12.2016, 19:59
Alberta Government official visits Riga Port to discuss opportunities for cooperation in oil product exports06.12.2016
The Government of Alberta representative Mario Krpan visited the Freeport of Riga last week to get acquainted with port infrastructure and opportunities for cooperation in transport and storage of oil products, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), according to a statement released by the Freeport of Riga Authority.
Lithuania's state energy group Lietuvos Energija (Lithuanian Energy) and European Investment Bank (EIB) on Monday signed a loan of 190 mln euros for the biomass and waste-fired cogeneration plant in Vilnius.
According to fuel seller Olerex the global price of fuels on Monday reached the highest level in the past year and a half and the price increase should finally also reach Estonia, write LETA/BNS.
The price of electricity in Nord Pool Spot's Lithuanian bidding area last week averaged 37.3 euros per megawatt-hour, up by 0.8% from the previous week, but down by one-fifth from the year-earlier level, Litgrid said on Monday.
With its accounts being frozen by a court, Vilniaus Energija (Vilnius Energy), a local district heating supplier controlled by France's Veolia, is not paying Danpower Baltic, a German-Lithuanian joint venture, for the heat energy its has produced, reported LETA/BNS.
Electricity prices for most consumers in Lithuania are set to decline by 8.3% next year, reports LETA/BNS.
Natural gas prices for Lithuania's households are set to remain unchanged in the first half of 2017 from their current levels, reports LETA/BNS.
Latvia needs to improve energy self-sufficiency through wider use of local energy resources in order to be able to face new challenges, Latvian President Raimonds Vejonis said during the meeting with experts from the Energy Security Commission under the auspices of the Latvian president.
A total of 58 megawatts of the transmission capacity will not be available in the Estonia-Finland direction until the end of December, which makes up about 6 percent of the theoretic total capacity, as the Estonian TSO Elering is performing electric works on the Paide-Kiisa line, but it will probably not influence the price of electricity, writes LETA/BNS.
The average price of electricity in Nord Pool's Lithuanian bidding area fell by 5 percent last week from a weak earlier to 37 euros per megawatt-hour and was down by one-fifth compared with a year earlier, Litgrid said on Monday.
Lithuania's electricity transmission system operator Litgrid is planning to invest 671.18 million euros in the power grid in the next ten years, reports LETA/BNS.
Nord Stream 2 fails to adapt to the existing geopolitical situation. The revision of existing course is essential to implement the project,BEA representative informs BC.
Klasmann-Deilmann, Germany's peat extraction and substrate production company, is expanding operations in the field of renewable energy, consequently five of the companies it operates in Lithuania, including the country's biggest peat substrate producer Klasmann-Deilmann Silute, will also will step up the focus on the area, Verslo Zinios daily information cites LETA/BNS.
The aspen pulp producer Estonian Cell is seeking cancellation of a planned 2.3-fold rise in excise duty on natural gas or alternatively a tax exception for large companies as otherwise the company's previous investments in energy efficiency would be rendered pointless, writes LETA/BNS.