It appears from the summary for last year that, due to fluctuating prices, most of the business clients of Eesti Energia decided to fix their electricity and gas prices in 2014.
The relationship between Russia and Western nations, in which a so-called new page was turned, played the decisive role on the European markets last year. Uncertainty in gas supply, due to the Ukrainian crisis, forced Europe to consider new gas partners. In this context, the big event in the Baltics was undoubtedly the opening of the LNG gas terminal in Klaipeda, giving the Baltic States a greater degree of independence from Russian gas.
2014 also brought changes to the liquid fuels market, where oil prices dropped unexpectedly. Prices will most likely remain low throughout the current year. However, the Organization of the Petroleum Exporting Countries (OPEC) decided to preserve its market share and not to restrict production. The US dollar began to rise in the second quarter, which led to an increase in the price of gas sold in Estonia.
In 2014, the most important key word for the Baltic countries and Europe was security. The Energy Forum held in the autumn, marking the 75th anniversary of Eesti Energia, was also dedicated to energy security. The long-term contract between Litgas and Statoil for supplying the Klaipeda LNG terminal with gas, and the first official gas transit from Lithuania to Estonia in December were also important milestones. Latvia celebrated its first year on the Nordic energy market last summer.
In the last part of the annual energy market summary, we will take a look at how the largest cinema operator in Estonia, Forum Cinemas, manages its energy costs. The company’s cinemas are visited by more than 1.25 million people annually.
20 Января 2025 | понедельник | 14:10
