International Internet Magazine. Baltic States news & analytics
Tuesday, 08.07.2025, 07:26
Orlen Lithuania posts EUR 197.5 mln net profit for 2017
Orlen Lietuva, the Lithuanian unit of Poland's biggest oil group Orlen, last year posted a net profit of 197.5 million euros (USD 244 mln), up by 3% from 192.7 million euros (USD 238 mln) in 2016, reports LETA/BNS.
Lithuania puts underground gas storage project on hold
Lithuania is putting on hold its project for building an underground gas storage facility in Syderiai, in the northwestern district of Telsiai, as it failed to attract interest from Polish energy companies and has started using the Incukalns gas storage facility in Latvia, reports LETA/BNS.
Members of Estonian delegation of PACE discuss dangers of Nord Stream 2
Members of the Estonian delegation of the Parliamentary Assembly of the Council of Europe (PACE) in Strasbourg on Wednesday participated in an additional event of a sitting of PACE, where the dangers accompanying the construction of the Nord Stream 2 gas pipeline were discussed, informs LETA/BNS.
Estonia wants to join CERN
Estonian Prime Minister Juri Ratas in Geneva on January 24th expressed the country's wish to become a full member of the European Organization for Nuclear Research (CERN), informs LETA/BNS.
First results of Baltic seal telemetry studies obtained by Nord Stream 2
Nord Stream 2 AG, the developer of a new pipeline to supply Russian natural gas to the EU market through the Baltic Sea, is supporting a program of telemetry studies of the Baltic ringed seal in the Gulf of Finland. Launched in summer 2017, the scientific research is being carried out by an international group of experts in agreement with Rosprirodnadzor, the Russian environmental oversight body. In Q2 – Q3 2017, telemetry GPS/GSM tags were attached to nine ringed seals in the north of the Kurgalsky peninsula and Moshchny Island, informed BC the press service of Nord Stream.
Gazprom holds 54% Lithuania's gas market in 2017
The consumption of natural gas slightly increased in Lithuania last year, while Russia's gas concern Gazprom took 54% of the market, a rise from 40% in 2016 and almost a match to the 2017 forecast of 55%, reports LETA/BNS.
LSC Shipmanagement adds bitumen tanker to its fleet
At the beginning of this year, LSC Shipmanagement, a subsidiary of Latvijas Kugnieciba (Latvian Shipping Company), added to its technically managed fleet a bitumen tanker, the company announced LETA.
Renewable energy accounted for 16.8% Estonia's electricity consumption in 2017
Renewable energy made up 16.9% of the total amount of electric energy consumed in Estonia in 2017, while altogether 1,612 gigawatt-hours (GWh) of renewable energy was produced in the 12 months, reports LETA/BNS.
EU Commission approves EUR 140 mln support for Vilnius CHP plant
The European Commission has approved almost 140 million euros in additional support for the construction of a combined heat and power (CHP) plant in Vilnius, informs LETA/BNS.
Wind power plants in Lithuania generate record amount of electricity in 2017
Wind farms operating in Lithuania in 2017 generated the largest amount of electricity throughout the history of the country's wind energy, with the production volume growing by an annual 20% to 1.3 terawatt-hours (TWh) in 2017 year-on-year, informs LETA/BNS.
Clean R plans to build new plant in Riga for processing plastic bags
Waste management company Clean R is planning to build a plant in Riga that will recycle plastic bags to produce plastic granules, Latvijas Avize newspaper wrote on January 16th, cites LETA.
Why Europe needs Nord Stream 2
As Europe’s domestic gas production is projected to halve in the coming years, additional gas imports through the Baltic Sea will be needed to safeguard security of supply. EU experts estimate the supply gap at around 120 billion cubic metres (bcm). Gas is becoming an increasingly important part of the energy mix in Germany and other EU countries, informed BC Nord Stream’s press service.
Baltic States' electricity and gas connections with Europe
For historical reasons, the Baltic States' electricity grid is still being operated in close connection mode with the Russian and Belorussian systems. The synchronisation will bring closer a fully functioning and connected internal energy market and increase energy security of the Baltic States by 2025. The same type of “energy integration with the West is designed for the Baltic States’ gas system.
Getlini EKO plans to raise waste burial charge by 21.5% in 2018
Getlini EKO, the operator of Getlini landfill, plans to raise its household burial charge by 21.5% in 2018, a publication in the official gazette Latvijas Vestnesis shows, cites LETA.
Lithuania's Vilpra expanding in Baltics
Vilpra, the Lithuanian heating and conditioning systems trading company, intends to set up offices in the capitals of Latvia and Estonia this year to help administer increased sales, Verslo Zinios business daily said, cites LETA/BNS.
«The Baltic Course» Is Sold and Stays in Business!
