EnergySector

Lithuania planning aid package for energy company

Lithuania’s minister for economics and innovation, Lukas Savickas, has announced that the government will provide no more than EUR 54 million in state aid to Orlen Lithuania, which is part [..]

Latvian energy company discloses investment plans

The Latvian electricity distribution system operator Sadales Tikls has announced plans to invest an average of EUR 76 million annually in electricity grids over the next ten years, the company [..]

Sadales Tikls announces investment plans for 2025

Latvia’s electricity distribution operator Sadales Tikls has announce that it will continue to invest in the power grid infrastructure next year so as to improve the quality and security of [..]

Lithuanian energy group reports EBITDA

Lithuania’s state-owned energy group Ignitis Group announced on Wednesday that its adjusted EBITDA for January-September 2024 rose by 15% year-on-year to EUR 397 million. Net profits edged upward by 0.7% [..]

LNG terminal to contribute millions to Lithuanian economy: CEO

During its ten years of operations, the Klaipeda liquefied natural gas (LNG) terminal has generated major benefits for Lithuania’s economy and the country’s consumers, Darius Silenskis, CEO of KN Energies [..]

Biggest 3 energy firms took nearly third of €75.6 million 2023 renewables subsidies

Nearly one third of the €75.6 million in renewable energy support paid out in 2023 went to Enefit Wind, Enefit Green, and Utilitas Tallinna Elektrijaam, according to incomplete data from [..]

Lithuanian, Swedish companies to upgrade NordBalt control system

Litgrid and Svenska Kaftnat, which are electricity transmission system operators in Lithuania and Sweden respectively, are working together to upgrade the control system of the NordBalt cable, which links the [..]

Latvia’s Virsi opens 1st fuel station in Lithuania

Virsi-A, a Latvian energy trading company, has opened its first fuel station in Lithuania. It is located on the A5 motorway near the southern city of Marijampole, the company said [..]

Orlen Lithuania fails to recover over EUR 8 mln in losses from Inter RAO Lithuania

Orlen Lietuva, the Lithuanian oil import and refining subsidiary of Poland’s oil group Orlen, has failed to recover more than 8 million euros in damages and interest from Inter RAO [..]

Estonia’s Elektrilevi increasing network fees despite high profits

Estonia’s state-owned power distribution network operator Elektrilevi announced a significant increase in network charges, despite the company generating substantial profits, and the needs for the additional funds remain unclear, Postimees [..]

Latvenergo’s profits already being used for benefit of residents – politicians

A part of Latvenergo’s profit, which is transferred to the state budget, goes back to the benefit of residents and entrepreneurs, Minister of Economy Viktors Valainis (Greens/Farmers) told members of [..]

Circle K Estonia suspends sale of 98 gasoline due to technical fault at terminal

As a result of a malfunction at a terminal, Circle K has suspended the dispensing of 98 octane gasoline at its filling stations in Estonia. The sale of 98 octane [..]

Estonian fuel sellers implement significant price hike

Estonian motor fuel retailers sharply raised their prices on Monday with the price per liter of gasoline increasing by 9 cents, Postimees reports. The price for a liter of 95-octane [..]

Alvora will have to replace dubious parts of Lithuanian-Polish gas line – ministry

As Amber Grid, Lithuania’s state-owned natural gas transmission system operator, has filed a claim against Alvora, the main contractor of the Gas Interconnection Lithuanian-Polish (GIPL) regarding the possible installation of [..]

Estonia’s Fermi Energia, Swedish firm to develop program for nuclear energy specialists

Fermi Energia AS, which is planning to establish a nuclear power plant in Estonia, and Karnkraftsakerhet och Utbildning AB (KSU), trainer of operators and maintenance personnel for all nuclear power [..]

Lithuania govt: EUR 20 mln from Ignitis Group for wind farm to be used to repay state debt

Twenty million euros paid as a development fee by Ignitis Renewables, a subsidiary of Lithuania’s state-owned energy group Ignitis Grupe (Ignitis Group), after winning the tender for the development of [..]

Eesti Energia seeking to improve quality of forecasting using data science

Estonia’s state-owned energy group Eesti Energia has launched an international competition among data scientists to find a more accurate model for forecasting the consumption and production of electricity by small [..]