Sunly raises 300 million euros for renewable energy projects in Baltics, Poland and Baltics
The Estonian renewable energy company Sunly raised $300 million in debt financing in order to accelerate construction of 1.3 Gigawatts of wind, solar and storage capacity in the Baltics and Poland. It said that the financing provided by Rivage Investment and Copenhagen Infrastructure Partners (CIP), as well as Norway's Kommunal Landspensjonskasse…
Ørsted Breaks Ground on Carbon Capture Project
Ørsted is embarking on the construction of two carbon capture (CCS) facilities designed to capture and store carbon emissions from the woodchip-fired Asnæs Power Station in Kalundborg and the straw-fired unit at Avedøre Power Station in Greater Copenhagen, representing Denmark's first full-scale carbon capture project.It is expected that the carbon capture project…
The Top 10 Offshore Wind Energy Trends to Watch in 2023
The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we prepare for the new year, let us look at ten factors that will shape the offshore wind sector in 2023.1.
Estonia's Eesti Energia to Import Novatek Gas
Estonia's energy group Eesti Energia is all set to import gas from Russia's largest private gas company Novatek via Lithuania's LNG terminal based in Klaipeda, which is operated by KN, in September.The contract with the new Klaipeda LNG terminal user was signed on Thursday. It is planned that the first cargo of Eesti…
Shell Pursues Exit from Indonesia LNG Project
Royal Dutch Shell is moving to sell its stake in Indonesia's $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal program that has raised more than $30 billion.Shell, the world's largest buyer and seller of LNG, is raising cash to help pay for its…
Finland Eyes Imports of Piped Gas via Baltics, Poland
Finland could in future receive gas from Norway via a network of pipes being planned through the Baltic countries and Poland, as part of an effort to reduce its dependency on gas imports from Russia.Helsinki and Tallinn are constructing a gas pipeline under the Gulf of Finland to Estonia, called Balticconnector and with…
Aker Solutions Teams Up with SAP on Digitalization
Aker Solutions said it will move its internal SAP applications to SAP's cloud in a move that aims to improve operations, drive efficiency and accelerate digitalization.Cloud-based systems are typically cheaper to run than physical systems as they require less expenditure on computer hardware, monitoring and software licenses.
Asia's Booming Diesel Market Draws Rare European Cargoes
Rare cargoes booked out of Europe to Asia, Middle East; Indian demand, refinery maintenance boost Asian prices. Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices, in a rare arbitrage that reverses traditional routes. At least three 90,000…
Latvia's Latvenergo Plans to Trade Gas in the Baltics
Lavia's state-owned utility Latvenergo plans to trade gas in neighbouring Estonia and at home as its domestic market is liberalized next year, its Chief Operating Officer said on Thursday. Latvia has decided to open its gas market for competition from April next year after decades of a supply monopoly by Russian Gazprom.
Statoil to Supply Small-scale LNG to Baltics
Norway's Statoil will supply small-scale liquefied natural gas (LNG) to terminals in the Baltic Sea through Lithuania's Klaipeda LNG terminal, a company official said on Thursday. The move comes after the energy firm signed an agreement on Thursday with Litgas and Lietuvos Duju Tiekimas, gas trading subsidiaries of Lithuanian state-owned energy group Lietuvos Energija…
ABB Integrates Baltics with European Grid
ABB has commissioned and handed over a high-voltage power transmission link to the Lithuanian transmission system operator Litgrid. The LitPol Link is the final step of the European Union’s Baltic Ring initiative to interconnect the grids of nine countries around the Baltic Sea: Lithuania, Poland, Germany, Denmark, Norway, Sweden, Finland, Estonia and Latvia.
Statoil to supply LNG to Lithuania's Achema
Lithuanian fertilizer producer Achema, the largest consumer of natural gas in the Baltics, has signed a deal with Norway's Statoil for the supply of liquefied natural gas (LNG), Lithuania's prime minister said on Monday. Privately-owned Achema, which consumed 1.3 billion cubic meters of gas in 2014, was looking at LNG as…
DNV GL Acquires Gothia Power
Gothia Power, a leading Swedish power system analysis company, has been acquired by DNV GL. “This company's expertise and services are a perfect match for DNV GL’s existing portfolio in the renewable power, transmission and distribution industries. I am therefore announce this acquisition, which establishes DNV GL’s technical…
Poland's LNG Terminal Likely to Hit Full Capacity by 2018
Poland's first liquefied natural gas (LNG) terminal should finally be ready for commercial use next May and is likely to reach full capacity by 2018, its operator said on Wednesday. The terminal, being built in the Baltic city of Swinoujscie, is Poland's flagship project to diversify gas supplies and reduce dependence on Russia.
Yara Marine to Deliver 6 Scrubbers for LPG Carriers
Yara Marine Technologies (former Green Tech Marine) – a world leading scrubber supplier – has won a contract to deliver 6 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in 2015. The vessels are currently under construction at Hyundai Mipo Dockyard in Korea, and will be supplied to the owner in 2016.
Latvian Logistics May Slow Baltic Gas Market
The Baltic states' ambitions to replace Russian pipeline gas with liquefied natural gas and create a tradable market are unlikely to come to fruition until 2017 or later because of restricted access to the region's sole gas storage site. Lithuania is due to import the first commercial LNG cargo by tanker from Norway at the end of December.
Wind Blows Away Fossil Power in the Nordics, the Baltics Next
Wind power is blowing gas and coal-fired turbines out of business in the Nordic countries, and the effects will be felt across the Baltic region as the renewable glut erodes utility margins for thermal power stations. Fossil power plants in Finland and Denmark act as swing-producers, helping to meet demand when hydropower production in Norway and Sweden falls due to dry weather.
Poland Eyes Gas Hub to Ease Russia's Grip
Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do: shake off almost complete reliance on Russian gas imports. Poland will open a liquefied natural gas terminal in 2015 and build new pipelines -- including a…
Shell, Total, Eni Key Winners in Rosneft Sea-borne Urals Tender
Royal Dutch Shell, Total and Eni were key winners in Russia's Rosneft sea-borne Urals tender in the Baltics for October 2014 through March 2015, trading sources told Reuters. In total in seaborne tenders, buyers were offered 4.8 to 11.0 million tonnes of Urals in October 2014-March 2015 versus a combined 9.24 to 15.24 million tonnes in the second and third quarters.
GDF Suez: Cutting EU Gas bad Business for Russia
The chief executive of French utility GDF Suez does not expect Russia to cut gas supplies to Europe over its standoff with Ukraine, but said on Thursday that companies were setting up contingency plans for this winter and beyond. Ukraine accused Russia earlier on Thursday of bringing troops into the southeast of the country in support of pro-Moscow separatist rebels. "Tension remains (high).
