Elering bought Itera Latvija's 10% stake in the gasTN owner company Võrguteenus Valdus

Monday, 28 September 2015

Estonian electricity main grid company Elering AS bought on Thursday Itera Latvija's 10% stake in the gas transmission network owner company AS Võrguteenus Valdus, which is a parent company of AS Elering Gaas, Postimees Online reports.

Read more...

All cable-related works on the NordBalt power interconnection have been completed

Monday, 21 September 2015

All cable-related works on the NordBalt power interconnection have been completed in the Baltic Sea. The 400 km long submarine cable connecting Lithuania and Sweden has been protected from vessel anchors and fishing equipment along its most vulnerable sections. Works on cable deepening and protection with stone rubble placed to cover the cable were launched in mid-May this year. 95 percent of the NordBalt power interconnection with Sweden construction works has been completed, Litgrid reports.

Read more...

Butkevicius: an agreement on the Gas Interconnection Poland-Lithuania was reached

Monday, 21 September 2015

Prime Minister of Lithuania, Algirdas Butkevicius, said on Wednesday that an agreement on the Gas Interconnection Poland-Lithuania (GIPL) project was reached.

Read more...

Eesti Energia suffered loss by refinancing bonds

Monday, 21 September 2015

Estonian state-owned energy company Eesti Energia suffered an accounting loss by refinancing bonds that took place last week because it bought old bonds for a price higher than nominal, Postimees Online reports.

Read more...

The Norwegian company CSUB s launching a production division in Klaipeda

Monday, 07 September 2015

The Norwegian company CSUB (former Sorkomp), which works with oil and gas technologies, is launching a production division in Klaipeda. In the short run, CSUB LT plans to create 50 new jobs for engineers, welders, and other specialists. The company is also considering expansion in Lithuania, reports Invest Lithuania, state investment promotion agency.

Read more...
Powered by Elxis - Open Source CMS