Latest news
Latvia delays deregulation of the electricity market until 2015
The ruling coalition in Latvia decided to put off the liberalization of the power market until the elections, in order to have more time to set up a scheme of refund for poorer residents who are trying to find money to pay for increasing energy bills.
read more... 04/03/2014
European countries less dependent on Russian gas via Ukraine
Presently, Europe and Ukraine are less dependent on Russian natural gas, because of a milder winter and a better infrastructure, reducing concerns that the increasing crisis in Ukraine might influence supplies.
read more... 04/03/2014
Daily: Crude oil prices soar to five-month highs amid escalating tension in Ukraine
Crude oil prices surged by more than $2 a barrel on Monday to hit the highest level since September on escalating tensions between Ukraine and Russia which shook oil markets. Ukraine mobilized its army reserves as Russia seized control of the Black Sea region of Crimea.
read more... 04/03/2014
Germany files complaint against EU over energy subsidy survey
The European Court of Justice received from Germany a complaint against the decision of the European Commission to study exemption to green energy charges that the country offers to approximately 2000 industrial energy consumers, as stated by the Economy Ministry on Friday.
read more... 03/03/2014
LNG deal between Estonia and Finland
A transaction between Estonia and Finland has been signed on Friday aiming the construction of two liquefied natural gas (LNG) terminals on each side of the Gulf of Finland and a pipeline linking the two countries, as stated by Juhan Parts, the Estonian Economy Minister.
read more... 03/03/2014