bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 23.05.2018 | Name days: Leontīne, Ligija, Lonija, Leokādija

Lithuania to consider gas import alternatives after 2024

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUWith Baltic States unable to reach an agreement in regards to the location of the regional liquefied natural gas terminal, Lithuanian government has lost the opportunity to ask for European Union’s support in purchasing Independence ship of Klaipeda terminal. The decision has been made to search for alternative solutions, BNS was told by Lithuanian Energy Minister Žygimantas Vaičiūnas.

Klaipedos nafta has recently announced an international contest to searcg for natural gas import alternatives.

«This does not mean we have given up on buying the ship back. Our goal is securing competitive prices now and in the future. This is why, having assessed the situation in the region and the need for security for supplies, we wish to look for alternatives. We have to be certain if there would even be a need for a ship after 2024. Only then will we be able to consider other scenarios,» said the minister.

Lithuania’s lease of the floating gas storage facility ends in 2014. The contract was signed with Norwegian Hoegh LNG for ten years.

According to the minister, Lithuania hopes to receive several gas supply scenarios in the first quarter of 2018.

Technical specifications detailed in the contest state that participants are expected to answer the questions if economically speaking Lithuania is interested in having a liquefied natural gas import terminal after 2014.

If it turns out that Lithuania does not need such a terminal in the future, contenders will be asked to offer economic solutions to secure access to international markets for Lithuanian gas market players.

Last year, Lithuanian government commenced discussions with European Commission about possible financial support to buy back Independence. It was estimated that this support would reach approximately EUR 100-150 million. Brussels, however, put forth a condition that all three Baltic States would have to reach an agreement in regards to the location of a regional liquefied natural gas terminal. Unfortunately, no such agreement was reached in time.

Talks regarding regional gas infrastructure commenced in 2006, when Baltic States decided to evaluate the idea regarding construction of a regional terminal. After failing to reach an agreement, Lithuanians decided to build a terminal in Klaipeda on their own.

Lithuania later asked neighbouring countries to recognize the terminal as a regional one so that it would be possible to receive support from the EU. Estonia refused because it wanted to build its own terminal in Paldiski. Lithuania was fine with Estonia building a smaller terminal, hoping to request support from the EU for both terminals and Latvia’s gas storage facility in Inčukalns.

However, when Latvia decided to postpone making its decision as to whether or not to support Baltic States’ agreement in regarding to a unified liquefied natural gas market until next year, Lithuanian Prime Minister Saulius Skvernelis said it is no more than a stalling tactic. Because of that, he said Vilnius will search for alternatives to reduce the existing terminal’s maintenance costs.

Ref: 224.109.109.3602


Leave a reply

Minister promises to fill gap caused by cancellation of extended normal work time for doctors

A clear strategy is in the works to fit the ruling of the Constitutional Court and organize human resources to fill the formed gap, said Latvian Healthcare Minister Anda Čakša after meeting with hospital representatives.

Zuckerberg at EP apologises for Cambridge Analytica scandal

Social network Facebook chief executive officer Mark Zuckerberg has apologised to members of the European Parliament for the company's role in the Cambridge Analytica scandal and for allowing fake news to target audiences on its platform.

Four candidates proposed for the post of head of State Revenue Service

Four candidates have been approved for the last stage of the personnel selection process in the State Revenue Service, as confirmed by Latvian State Chancellery.

Supreme Court: parent companies could be held accountable for subsidiaries’ competition violations

The Supreme Court of Latvia has made a ruling, in accordance with which Latvia’s competition rights are established in a way that permits authorities to punish parent companies for violations of competition rights committed by their subsidiaries.

Unemployment in Latvia was 8.2% in Q1 2018

In Q1 2018 Latvian unemployment rate constituted 8.2 %. Compared to the previous quarter, unemployment rate rose by 0.1 percentage points, while compared to the corresponding quarter of the year before – by 1.2 percentage points.

63.5% of Latvia’s residents were employed in Q1 2018

898.0 thousand people or 63.5 % of Latvia population aged 15–74 were employed in Q1 2018. Over the year, employment rate grew by 1.9 percentage points and number of employed persons by 15.5 thousand.

Cancellation of ‘extended normal’ work time could require up to EUR 10 million

The decision made by the Constitutional Court of Latvia to liquidate «extended normal» work time starting from next year may require up to EUR 10 million, said Prime Minister Māris Kučinskis in an interview to Rīta panorama programme.

Crimean bridge not to pay off, Crimean Tatar leader says

Crimean Tatar leader in a reaction to the opening of the Crimea bridge from mainland Russia to illegally annexed peninsular has evaluated that the money spent on the construction works would not pay off.

Deputy names ‘abstention specialists’ in Latvian Saeima’s votes

«I was elected to make decisions, not abstain from them. Abstention in votes automatically counts as ‘against’ in the Saeima. I believe this practice needs to be changed. You’re either in favour or against. Businessmen, for example, have no way to abstain from making decisions,» said Saeima deputy Artuss Kaimiņš.

Finland's last snow melts, too early meteorologists say

Finland, similarly to the Baltics, has this year enjoyed an unusually warm and sunny weather in May that has surprised many by melting the last remnants of snow in the country's north. Usually, this takes place in the middle of June.

Museum Night tradition continues – participant numbers exceed 221,284

A total of 204 locations with culturally historic heritage in Latvia opened their doors for visitors free of charge during the 14th Museum Night. In addition to 122 accredited museums, 82 other cultural and state institutions participated in the Museum Night event on 19 May, as reported by Culture Ministry’s public relations department lead Lita Kokale.

In pictures: Cuba holds first funerals for victims of plane crash

Number of the victims of Cuban passenger plane crash has reached 111 and the first funerals of victims have been held.

Latvian Red Cross to provide refugee mentors for half a million euros

In the next one and a half years, social mentoring services to asylum seekers and persons with refugee or alternate status will be provided by Latvian Red Cross, as confirmed by Social Integration Fund’s representatives.

Turkey sentences 104 former military to life in prison for coup

A Turkish court has sentenced 104 former military officers to life in prison for their involvement in a 2016 coup attempt, state media report.

Catholic archbishop in Australia found guilty of hiding child abuses

A Catholic archbishop in Australia has been convicted covering up child sexual abuse cases in the 1970s, becoming the most senior Catholic in the world to be charged and convicted of the offence.

Pro-Russian activist in Latvia released from arrest

On Monday, 21 May, Riga Regional Court decided to release pro-Russian activist Vladimirs Lindermans, who is suspected of inciting national hate and organizing mass riots, from arrest.

First Russian floating nuclear power plant reaches Murmansk

Russia's floating nuclear power plant, after passing through the Baltic sea, has arrived in the Arctic port of Murmansk over the weekend as it prepares for its first mission, supplying electricity to an isolated Russian town across the Bering Strait from Alaska.

Foreign clients’ deposits in Latvian banks declined 27.1% in Q1 2018

Deposits of foreign clients attracted by Latvia’s banks have declined 27.1% in Q1 2018. At the end of March, it was EUR 5.869 billion, as reported by Finance and Capital Market Commission.

National Alliance proposes MEP Roberts Zīle as its prime minister candidate

The board of the National Alliance has decided to pick member of the European Parliament Roberts Zīle as its prime minister candidate for the 13th Saeima elections, as confirmed by the party.

Riga City Council changes internal rules again; each deputy given ten-minute limit for questions

On Monday, 21 May, Riga City Council changed its rules for Q&A sessions, providing a ten-minute limit for each deputy to ask questions. This is the third time the city council has changed its internal rules.

Committee head: EU funds would help secure meaningful education for youngsters

«Seven to eight thousand youngsters leave Latvia every year. While ten years ago 13 to 25 year old youngsters formed 20% of the country’s population, their proportion dropped to 13% in 2017,» says Saeima’s European Affairs Committee chairperson Lolita Čigāne.

River Emajõgi guarded by mass protest against pulp mill

In Tartu, human chain has been formed by about 4 500 people in protest against the plan to build a billion-euro pulp factory near the River Emajõgi, the organisers of the event have stated.

Association: loan repayment indexes improve in non-bank consumption loan segment

In 2017, members of Latvian Association of Alternative Financial Services issued in loans EUR 180.5 million. Compared to 2016, this is an increase of 6.9%. Members’ credit portfolio was EUR 88.7 million at the end of 2017, which is 8.1% more than a year ago.

Estonian producer prices higher by 2.1 on year, due to energy supplies

Estonian producer price index of industrial output increased by 2.1% between April 2017 and April this year, Estonian statisticians have estimated.

Vitol: limitation of shell companies’ activities cannot possibly affect transit companies

Changes to the law that provide restrictions for shell companies cannot possibly affect transit companies. Because of that, claims voiced prior to adoption of said amendments and their possible impact on transit sector seem rather confusing, says Vitol Baltic chairman Robert Kirkup.