• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 4 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 12 days Does Toyota Know Something That We Don’t?
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Baltic States Cut Energy Imports from Russia, Belarus

Lithuania’s electricity transmission system operator Litgrid has said it would slash threefold its electricity imports from Belarus as a step toward abandoning electricity intake from Russia and Belarus by 2025 and joining the European Union’s (EU) energy system.

Litgrid is reducing the maximum electricity import capacity from 1,250 megawatts (MW) to 400 MW as of September 15, the Interfax news agency reported on Tuesday, citing information that Litgrid had sent to the operators of the so-called BRELL energy grid, which includes Belarus, Russia, Estonia, Lithuania, and Latvia.

Due to the reduced transmission capacity, Lithuania will now be significantly cutting commercial electricity imports from Belarus and Russia via the grid from Soviet times.

The three Baltic States – Lithuania, Latvia, and Estonia – joined the European Union in 2004. However, their electricity grids continue to be synchronized with those of Russia and Belarus.

In June 2018, Lithuania, Latvia, and Estonia agreed with Poland to synchronize the Baltic States’ electricity grid with the continental European network by 2025.

“Lithuania, Latvia and Estonia have always considered their dependence on Moscow as a threat, and their concerns have increased since the crisis in Ukraine. However, cutting this “umbilical cord” has been an uphill struggle,” the European Commission said in 2018.

Lithuania, Latvia and Estonia, alongside Poland, are also the most vocal critics of the Gazprom-led natural gas pipeline project Nord Stream 2 in the EU.

The United States, several European countries including Poland and the Baltic states, as well as the European Union, have expressed concern about Russia using gas sales and its gas monopoly Gazprom as a political tool, seeing Nord Stream 2 as further undermining Europe’s energy security by giving Gazprom another pipeline to ship its natural gas to European markets.

ADVERTISEMENT

Most recently, despite a strong rebound in European natural gas demand, Gazprom didn’t book additional entry capacity to Europe via Ukraine—a move that Ukraine’s gas transmission system operator described last week as “blackmail.”  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News