• 3 minutes e-car sales collapse
  • 7 minutes Energy Armageddon
  • 11 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 days How Many Wells From 1 Onshore Rig?
  • 21 days Сryptocurrency predictions
  • 21 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 23 days What Will We Do Without Oil
Chinese Refinery Throughput Climbs As Fuel Demand Rebounds

Chinese Refinery Throughput Climbs As Fuel Demand Rebounds

Chinese refinery throughputs rebounded in…

Oil Nosedives After SVB Collapse

Oil Nosedives After SVB Collapse

The rapid collapse of two…

Financial Problems Hit Nuclear Projects in the Balkans

Latvian President Andris Berzins has reaffirmed Latvia's interest in buying electric power generated by Lithuania’s Visaginas nuclear power plant, but asserted that because of the country’s fiscal situation, Latvia would be unable to afford financing new projects for the foreseeable future.

Berzins said in an interview, "It is for the Lithuanian state to deal with this matter, and it would be unwise for them not to go ahead with this project, because they have people who know how to do it.... I am not totally against this project and I wish Lithuania luck. The question is about Latvia's ability to finance this project, which would increase either the government debt or the debt of (Latvian national power utility) Latvenergo," BNS news service reported.

When queried about Latvia's possible financial involvement with the Visaginas NPP project, Berzins remarked, "Sales opportunities are key to each business project, and this is business.... Latvia, of course, is interested, but the question is about terms.... The question is, how much and who would be ready to buy from this new enterprise. It is obvious that Latvia would be interested in buying (electricity)," adding, "Since this Lithuanian NPP project was delayed, Latvia decided to go ahead with its TEC-2 (thermal power plant) project and invested in it."

By. Joao Peixe, Deputy Editor 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