Lithuania waits for proposals for the construction of a new nuclear plant

13/09/2010 11:31 Electricity Market


Lithuania declared that it is waiting for some proposals to be submitted by potential investors by November in order to construct a new nuclear power plant.

According to the Energy Ministry, a strategic investor might be chosen by the end of the year, but the number of investors asked for binding offers has not been disclosed. The aim of Lithuania through this new nuclear power plant is to replace the Soviet-era facility shut at the end of 2009. The cost of the nuclear plant is estimated at 3-5 billion euros and it should be built by 2018-2020, reducing this way the dependence on energy imported from Russia.

Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex

03/06/2020 10:18:00

Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.


Europe is going coal-free, but a vast lignite mine is expanding in eastern Germany and coronavirus has delayed new climate laws

03/06/2020 08:49:00

The landscape makes you think of the surface of the moon. As far as the eye can see, deep gashes scar the earth. At the spot where the giant machines stand, ancient layers of bared coal are visible all the way to the base of the pit.


Yamal LNG cargo completes ice-covered transit of Northern Sea Route: Novatek

03/06/2020 08:45:00

A cargo of LNG from the Novatek-operated Yamal LNG plant in northern Russia has completed its journey across the ice-covered part of the Northern Sea Route (NSR), the Russian company said June 1.