The first ship carrying Latvia’s strategic oil reserves arrived at the Freeport of Riga on 2 December 2024, the Ministry of Economy announced, LETA reports. Economy Minister Viktors Valainis said that the state would purchase 20% of the required reserves annually. The state would thus be in possession of 100% of the oil reserves in…
Lithuania’s state-owned oil and gas terminal operator, Klaipedos Nafta, has changed its name to KN Energies, GlobeNewswire reports. The company will continue to use the KN brand, however. At the same time, Klaipedos Nafta’s subsidiary, SGD Logistika, changed its name to KN Global Terminals. KN Energies announced that it would focus on liquid and alternative…
Lithuania’s Energy Ministry plans to increase the protection of the country’s electricity infrastructure and Polish-owned oil company Orlen Lietuva’s refinery, BNS reports. Under an order drafted by Energy Minister Dainius Kreivys, the state will place key electricity infrastructure, including network connections with other countries, at a higher level of protection. Also, the state will place…
Estonia’s state-owned energy group, Eesti Energia, produced a record 252,461 tonnes of shale oil in the first half of 2023, which was up 20% from the same period of 2022, ERR reports. The company has three shale oil plants and is building a fourth one. Eesti Energia expects its annual shale oil production to reach…