Estonia and Finland have postponed a decision on the construction of a third undersea electricity cable between the two countries until 2031, ERR reports. Kalle Kilk, CEO of Estonia’s state-owned transmission system operator, Elering, said that the timetable for the EstLink 3 project was pushed back at Finland’s request. Instead of the previously planned completion date of…
Estonia’s Minister of Finance, Jürgen Ligi, has rejected a proposal to lower the excise duty on diesel fuel temporarily, ERR reports. Ligi argued that broad-based tax cuts would have a very large and lasting negative impact on the state budget, and that targeted measures to support vulnerable households and sectors would be more sensible. In…
The Lithuanian government is considering the possibility of allowing the construction of small modular nuclear reactors (SMR) in the country, LRT reports. Energy Minister Zygimantas Vaiciunas said that the government would identify two or three SMR technologies in 2026 for further evaluation in terms of technical and economic feasibility. The minister stressed Lithuania’s need to…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
Several Ukrainian strike drones have crashed in the three Baltic States and Finland as Ukraine is attacking Russia’s oil and gas infrastructure, Baltic News and YLE reported. The drones are targeting oil and gas terminals and other infrastructure at Russia’s ports on the Gulf of Finland and the Kirishi oil refinery. One of the stray…
Latvia’s industrial production output increased by 4.0% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing rose by 5.5% on year, but fell by 3.0% in electricity and gas supply and by 15.4% in mining and quarrying. The country’s manufacturing turnover increased…
A consortium led by US-based JPMorgan will advise on the Latvian state’s buyout of Swedish telecommunications group Telia’s shares in the Latvian telecommunications companies, Tet and Latvijas Mobilais Telefons (LMT), BNS reports. Under the agreement, the consortium, which besides JPMorgan includes A&O Shearman, Deloitte, Hardiman Telecommunications, TEGOS, and WALLESS, will advise Latvia’s state-owned energy group, Latvenergo,…
Power plants in Estonia generated 3,619 GWh of electricity from renewable sources in 2025, which was up 7% from 2024, according to transmission system operator Elering, ERR reports. Renewable energy accounted for 68% of total electricity production and covered 41% of total electricity consumption in 2025. Electricity production from wind power amounted to 1,324 GWh…
