“If Europe ceases using Russian gas or Russia stops supplying gas to Europe and/or Latvia fails to secure alternatives to Russian gas, the gas price for households will increase again next year,” Swedbank senior acting economist in Latvia Agnese Buceniece has said. “But if these scenarios do not come true, we can expect the gas…
Lithuania will purchase 197 stationary acoustic warning sirens, the Fire and Rescue Department reported on June 13. Sirens would be installed in the 100-kilometre potential impact zone of the Belarusian nuclear power plant in Astravyets, it said in a press release. The zone will include the municipalities Anyksciai, Ignalina, Jonava, Kaisiadorys, Moletai, Salcininkai, Sirvintos, Svencionys,…
On July 1, onward JSC Latvijas Gaze plans to increase natural gas tariffs for households by between 65.6% and 89.9% depending on consumption, according to the entry in the Latvian Herald. For households that consume up to 250 cubic meters a year, the differentiated end tariff with VAT and excise tax will increase by 65.7%,…
The Minister of Energy of Ukraine German Galushchenko met with the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine Anka Feldhuzen. The parties discussed the current state of Ukraine’s energy sector, the situation on the gas market, plans to accumulate fuel for the heating season and the need to vacate the…
Even if the situation becomes dire, there will be enough gas for households, Latvian Prime Minister Krisjanis Karins has saod. Looking at the price rise for most goods, fuel included, Karins stressed that as long as Russia continued warr in Ukraine the global economy would remain fractured. The PM said the situation in which there…
Director of the Estonian Institute of Economic Research (EKI) Marje Josing said that Estonia was heading into another hugely expensive heating season, which was the result of decades of work not done. Senior economist for Swedbank Liis Elmik believes Estonia should once again offer support to less fortunate families. “It is work not done in…
The CEO of Poland’s dominant oil and gas company, PKN Orlen, has said that the European Commission (EC) should give the final green light to the takeover of its rival Lotos Group within several days. Daniel Obajtek told reporters on June 8 that he did not expect a decision other than final consent, because the…