• 5 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 7 minutes Can LNG Kill Oil?
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes US Shale: Technology
  • 50 mins So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 2 mins Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 16 hours Natural gas is crushing wind and solar power
  • 4 hours Blowout videos
  • 10 hours OPEC and Russia could discuss emergency cuts
  • 1 hour CDC covid19 coverup?
  • 3 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 hours Shorting Gold
  • 2 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 1 day Peak Shale Will Send Oil Prices Sky High
  • 1 day Phase One trade deal, for China it is all about technology war
  • 1 day Step Forward: Trump Says U.S.-China Trade Deal Will Be Signed On January 15
  • 1 day Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 90 days (Un)expectedly: 'Unfit' Uber loses London license over safety failures
Nigeria’s Terrible Oil Decision

Nigeria’s Terrible Oil Decision

Nigeria’s tightening terms on deepwater…

Short Selling In Oil Slows After Initial Coronavirus Panic

Short Selling In Oil Slows After Initial Coronavirus Panic

Money managers continued to liquidate…

Financial Problems Hit Nuclear Projects in the Balkans

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

Oilprice - The No. 1 Source for Oil & Energy News