Lithuania’s state-owned LNG terminal operator, Klaipedos Nafta, plans to expand the annual regasification capacity of its floating storage and regasification unit (FSRU), the Independence, from 3.75 bcm to 5 bcm, Baltic News Network reports. Earlier, the company planned to expand the Klaipeda-based terminal’s capacity to 6.25 bcm. CEO Darius Silenskis expects the company to make…
Estonia’s consumer price index (CPI) rose by 6.4% on year in July 2023, according to data from Statistics Estonia, ERR reports. Prices of goods rose by 8.1% and services by 3.1%. The increase in food and non-alcoholic beverage prices accounted for more than half of the total rise in consumer prices. At the same time,…
Latvia’s gas distribution system operator, Gaso, has registered its change of ownership in the country’s commercial register, GlobeNewswire reports. Under a deal signed in April 2023, Estonian privately-owned gas company Eesti Gaas (Elenger) acquired 100% of Gaso’s shares from Latvian gas company Latvijas Gaze for EUR 122mn. Gaso is Latvia’s only natural gas distribution operator.
Estonia’s privately-owned gas company, Eesti Gaas (Elenger), posted revenue of over EUR 1bn in 2022, which was a triple increase from just over EUR 380mn in 2021, ERR reports. Sales of natural gas amounted to EUR 890.2mn (88% of total revenue) and of electricity to EUR 67mn (nearly 7%). Sales in Estonia accounted for 46%…