February 20, 2013 13:45
Eesti Gaas, Gasum propose Baltic LNG terminal in Finland
TALLINN. Feb 20 (Interfax) - Estonia's Eesti Gaas AS and Finland's Gasum believe the proposed Baltic regional LNG terminal should be built in Finland.
Gasum signed an agreement to that effect in Tallinn with an Eesti Gaas subsidiary, EG Vîrguteenus, and notified the governments of both countries.
Finland is the best location for the terminal because it uses more natural gas than any of the three Baltic States.
The optimal site is in Inga, 40 kilometers west of Helsinki.
The EU believes the terminal for its Eastern Baltic member states should be built either in Finland or Estonia, based on a study carried out by the consulting firm Booz & Company for the European Commission. The terminal would free the three Baltic States and Finland from reliance on Russian Gazprom (RTS: GAZP), which currently provides 100% of the natural gas they consume.
The three Baltic States originally conceived the idea of building the regional terminal but so far have been unable to agree their positions, which is a condition to receive co-financing for the project from the EU.
Lithuania's Klaipedos nafta is already implementing a project to build an LNG terminal at Klaipeda. Lithuania says construction of the terminal will go ahead regardless of the regional LNG terminal project.
(Our editorial staff can be reached at firstname.lastname@example.org)
December 20, 2014
Access to Navalny's Facebook page limited on demand from Prosecutor General's Office
Georgia PM: Putin proposal for talks to be accepted if aimed at "concrete result"
Ukraine to re-introduce military conscription
Ukraine to carry out new partial mobilization of reservists - Poroshenko
Poroshenko wants lawmakers to urgently get down to bill to end Ukraine's nonaligned status
Armed action in East Ukraine costs Ukraine state 100 mln hryvni daily - president
UKRAINE TO HAVE NEW WAVE OF PARTIAL MOBILIZATION OF RESERVISTS IN 2015 - POROSHENKO
UKRAINE TO SPEND NEARLY 5% OF GDP ON DEFENSE, SECURITY - POROSHENKO
POROSHENKO WANTS PARLIAMENT TO IMMEDIATELY LOOK AT BILL TO END UKRAINE'S NONALIGNED STATUS
Putin: impossible to "intimidate" or "isolate" Russia
Putin: foreign spies stepping up activities in Russia
Russia to prepare measures in response to new U.S., Canadian sanctions - Foreign Ministry (Part 2)
PM complains fugitive former Georgian politicians get jobs in Ukraine govt
Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.
The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.