Baltic States

Oil Refineries

Kremlin says Russia will shoot down Ukraine's F-16 fighter jets

The Kremlin said on Thursday that Russian forces would shoot down U.S.built F16 fighter jets sent out to Ukraine, which the F16s would have no considerable impact on the course of the war. Lithuanian and U.S. authorities verified on Wednesday that Ukraine had received the very first order of long-awaited jets, which are geared up with a 20mm cannon and can carry bombs, rockets and missiles. Inquired about the F-16s, Kremlin representative Dmitry Peskov stated: If I'm not incorrect, rewards (for Russian forces to shoot them down) have currently been used. He predicted the aircrafts would not be a magic...

Energy Markets

Estonia says China has actually not reacted to subsea cables probe request

Estonia's state prosecutor said China has actually not responded to a sixmonthold request for aid with an examination into a Chinese ship which Estonia suspects cut two of its subsea telecoms cables. The two cable televisions linking Estonia to Finland and Sweden were damaged on Oct. 7-8, and an Estonia-Finland gas pipeline was broken in what Finnish private investigators think might have been sabotage, hurting energy security and raising alarm bells in the larger region. Both Estonia, which is investigating the cables damage, and Finland, checking out the Balticconnector gas pipeline, have named the Hong Kong-registered container ship NewNew Polar...

Oil & Gas

Some Urals flows to Asia diverted through Africa, India remains leading location

At least three tankers with Russian Urals oil on board picked a longer path to Asia around the Africa's Cape of Great Hope in March and April as military risks in the Red Sea stay high, 2 traders stated and LSEG information revealed. 2 tankers, Fos Picasso and Hydra, bring some 200,000 metric lots of Urals oil packed from Baltic in April went to India around Africa, while the vast bulk of the vessels with Russian oil have actually been selecting the shorter path by means of Suez channel and Red Sea, LSEG information shows. Many ships bring Russian items...

Natural Gas Utilities

Balticconnector gas pipeline back in operation after damage

A Baltic Sea gas pipeline that was torn apart last year in an occurrence still under cops examination has resumed business operation as planned after months of repair work, operator Gasgrid Finland said on Monday. The Balticconnector subsea gas link between Estonia and Finland was seriously damaged in October together with 3 telecoms cables, injuring energy security and raising alarm bells in the broader region. I can currently confirm that Balticconnector is running usually, Gasgrid executive Janne Gronlund told . Some 60 gigawatt hours of gas would flow from Finland to Estonia on Monday, he added. Finnish cops have named...

Natural Gas Utilities

Balticconnector gas pipeline will remain in commercial use again April 22, Gasgrid says

The damaged Balticconnector gas pipeline between Finland and Estonia will be in industrial usage once again on April 22, Finnish gas system operator Gasgrid executive Janne Gronlund told an industry conference on Wednesday. The Balticconnector subsea gas link in between Estonia and Finland was harmed in October along with 3 telecoms cables, hurting energy security and raising alarm bells in the broader region. At the minute we are commissioning the pipeline, and we expect that on Monday next week market participants can utilise Balticconnector again commercially, Gronlund said. During the winter, Finland was able to replace the damaged pipeline's capability...

Energy Markets

Russia presses for answers from West over Nord Stream blasts

Russia's general district attorney's office has written to western nations, it stated on Wednesday, asking to appreciate worldwide obligations to deliver justice as they investigate the Nord Stream blasts and acts of terrorism in Russia. Moscow has shown its disappointment over the inconclusive nature of queries by some foreign powers into surges in September 2022 on the pipelines developed to bring Russian gas to western Europe. Denmark dropped its examination in February after Sweden closed its inquiry and handed proof it had actually discovered over to German detectives. Russia's general district attorney said the letters were sent to Cyprus, France,...

Power Markets

Sweden set to become NATO's 32nd member as PM gos to Washington

Sweden is expected to officially sign up with NATO in Washington on Thursday, two years after Russia's intrusion of Ukraine forced a total reassess of its nationwide security policy and the realisation the alliance provided the best assurance of security. Swedish Prime Minister Ulf Kristersson is in Washington to hand over the final documents, with the White House saying in a statement ahead of President Joe Biden's State of the Union Address that Sweden would join on Thursday. Having Sweden as a NATO Ally will make the United States and our Allies even safer, the declaration said. The Swedish government...