Estonia and Latvia are planning an agreement, which would permit the joint purchase of Liquefied Natural Gas (LNG), in the event of a shortage. Minister of Climate Kristen Michal (Reform) said late last week: “We are preparing an agreement with Latvia, in case the situation on the natural gas market should change to the extent…
Bolt has signed framework leasing agreements with Luminor and Swedbank, whereby the banks will provide up to EUR 126 million to finance new Bolt Drive cars and triple the company’s fleet in the Baltic States. Swedbank will provide up to EUR 80 million and Luminor will provide up to EUR 46,2 million for the purchase…
The synchronisation of Baltic power networks with that of continental Europe could happen in 2024, according to the European Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevicius. He added that the existing technical problems could be solved and it should be done. “I have told the commission that we have to guarantee all three Baltic…
Latvia’s government has halted plans to build a liquified fossil gas (LNG) terminal, although campaign groups warn that relying on fossil gas from Estonia, an option the two governments are now exploring, is a false solution. Few countries in Europe managed to slash their use of fossil gas in 2022 as much as the three…
Lithuania may withdraw from the post-Soviet BRELL agreement with Russia and Belarus next year, if this week’s power system isolated operation test is successful. Lithuanian politicians and energy officials are planning both steps in an attempt to persuade Latvia and Estonia to speed up the synchronisation of their electricity grids with the Continental European system.…
By saving up a portion of their monthly income, 31% of Baltic residents have managed to accumulate up to EUR 5,000 in savings. Savings of 21% of Baltic residents are higher than that. Estonian residents generally have the biggest savings. Latvia, on the other hand, has many more residents who don’t have any savings at…
Eesti Gaas, the Baltic-Finnish region’s largest private energy company, is set to enter Latvia’s household natural gas market starting from May 1 under the international brand name Elenger. “We believe that the entry of a new market player will certainly benefit gas consumers in Latvia, providing people with the opportunity to choose the most suitable…