Posts tagged as Gazprom

Gazprom loses ground in Finland to LNG from the Baltic States

Thursday, December 24, 2020

Gazprom has lost a third of its share of the Finnish gas market after a new pipeline made it possible to import liquefied natural gas (LNG) via the Baltic States, data from Gazprom and Estonian gas grid operator Elering showed. The Balticconnector pipeline, which opened early this year, links Finland and Estonia and can also send gas to the Baltics. In the first nine months of 2020, a total of…

State gains control of Latvia’s gas storage and transmission operator

Wednesday, July 22, 2020

State-owned energy transmission operator AS Augstsprieguma tīkls (AST) has concluded a deal with Russian energy giant Gazprom on the purchase of 34.10% of shares in the gas transmission operator Conexus Baltic Grid, thereby increasing its overall control of the company to a majority holding of 68.46%, the Ministry of Economy said in a media statement July 21. “This deal ensures full state control of the gas transmission system in the country, strengthening the state’s energy security and promoting…

Lithuania loses billion-euro case against Russia’s Gazprom

Monday, February 17, 2020

Lithuania failed to claim 1.4 billion euros from Russia’s Gazprom after a Swedish court ruled in the latter’s favour, according to Gazprom’s report published this month. “The court did not provide the motives for its decision,” Lithuania’s Energy Ministry told BNS, confirming the claim by Gazprom. The Stockholm arbitration court ruled in June 2016 that Gazprom had a conflict of interest by both being the shareholder of the country’s dominant…

ECJ limits Gazprom’s use of crucial gas link after objections from Latvia, Lithuania and Poland

Thursday, September 12, 2019

The EU’s top court has delivered a blow to Gazprom by overturning an EU decision allowing the Russian gas giant to boost deliveries to Europe via the Opal pipeline, according to the Financial Times information reports LETA. Poland, Lithuania and Latvia had challenged the European Commission’s 2016 decision to allow Gazprom to send more gas via Opal, which connects Russia’s Nordstream pipeline to Germany, arguing that the decision “violated the…

The Baltics buy gas from Russia, despite Washington’s discontent

By Lukas Ramonas on Friday, June 28, 2019

The European Union has decided to extend the economic sanctions imposed on Russia until January 31, 2020.According to the EU Council, it was decided on 27 of June to extend the economic sanctions imposed on Russia in certain sectors until the end of January next year. Moreover, all the deputies from Estonia, Latvia and Lithuania in the Parliamentary Assembly of the Council of Europe on 25 of June opposed the…

Poland and Baltic States Reduce Reliance on Russian Energy

Monday, June 24, 2019

Europe’s dependency on Russian energy has long been viewed as a threat to national security, particularly in Eastern European countries like the Baltic states and Poland. Poland, Estonia, Latvia, and Lithuania have all expressed concerns that their dependence on the Russian power grid network increases their exposure to Russian interference in their internal affairs and presents a grave threat to their sovereignty and national security. As Lithuanian President Dalia Grybauskaite…

Shell to withdraw from Gazprom’s Baltic LNG project

Saturday, April 13, 2019

The British-Dutch company Shell plans to withdraw from the Baltic liquefied natural gas (LNG) project following Gazprom’s decision to integrate it with a gas processing plant in Ust-Luga, announced Shell Russia Chairman Cederic Cremers in a statement. “Following Gazprom’s announcement on 29 March regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project. We have a number of other ongoing projects with Gazprom, including…

Russia Launches Plant to Reduce Kaliningrad’s Reliance on EU Grid

By Anastasia Lyrchikova on Saturday, March 9, 2019

Russia launched a new power plant on Wednesday to help make its Kaliningrad exclave in Europe self-reliant, as its European Union neighbors seek to unplug their power grids from Russia. Kaliningrad has no border with mainland Russia and has relied on its neighbor Lithuania, which in turn imports power from mainland Russia. But Lithuania, along with fellow European Union member states in the Baltic, Estonia and Latvia, plans to unplug…

Poland attacks EU’s Gazprom deal in court

Wednesday, October 17, 2018

Poland’s state-run gas firm PGNiG said on Tuesday it filed a complaint with the EU’s top court against a controversial deal by the European Commission to settle an anti-trust case against Gazprom, the Kremlin-backed energy giant, reports LETA/BNS. The deal struck in May allowed Gazprom to avoid billions in fines after eastern EU members like Poland and the Baltics claimed the Russian giant had abused its dominant position as a…