Polish energy giant PGE enters solar power market

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Lithuania: Orlen’s Butinge crude terminal improved results in the period January-August 2017

Croatia: LNG Croatia seeks for partners

Poland

The Polish Radio informs that the Polish state-owned energy company PGE plans to build solar power farms. It is a step forward in diversifing its portfolio – the company aims to produce 25 per cent of Poland’s green energy by 2030. As reported, during the next 3 years, the company wants to “develop its infrastructure to achieve the total of 100 megawatts of power”. The investment could reach PLN3m (EUR700,000) per megawatt.

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Lithuania

Butinge crude oil terminal belonging to Orlen Lietuva handled 6.262 million tons of crude oil in the period January-August 2017. As the Baltic Course reports’, it’s up 2.6 per cent y/y. In 2016 the annual output at the terminal increased by 7.3 per cent (to 9.1 million tons). The portal also informs that in August 2017 alone, output at the terminal was 884,000 tons (a drop of 1.5 per cent y/y).

The refinery is located in the northern Lithuania, in the municipality of Palanga. I’s been operating since 1999. The owner of Butinge crude terminal, Orlen Lietuva, is a part of the Polish state-owned oil giant PKN Orlen.

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Croatia

Croatia’s state-owned company LNG Croatia is looking for partners – the portal Total Croatia News informs. The public tenders has been announced by the firm in order to find “partners for the construction of the gas pipeline and the procurement of floating storage regasification unit (FSRU ship)”.

The deadline for companies interested in sending their applications is September 29th . After the deadline, the second round of binding offers will be held. The portal informs that the LNG Croatia wants to find partners and conclude contracts with selected companies as soon as possible – by the end of 2017. “Both purchases are part of the greater number of parallel activities to meet the deadline for the completion of the terminal by the end of 2019, which was set by the EU as a condition for co-financing,” the portal writes.

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What’s up in indexes

BET (of Bucharest) increased from 7,855.82 index points Friday, September 8 th to 8,051.21 index points Monday, September 11 th . It’s up 2.40 per cent d/d and up 16.50 per cent y/y.

BUX (of Budapest) increased from 37,596.75 index points Friday, September 8 th to 37,895 index points Monday, September 11 th . It’s up 0.80 per cent d/d and up 34.54 per cent y/y.

CROBEX (of Zagreb) decreased from 1,882.72 index points Friday, September 8 th to 1,881.44 index points Monday, September 11 th . It’s down 0.07 per cent and up 1.64 per cent y/y.

OMXR (of Riga) decreased from 993.35 index points Friday, September 8 th to 990.06 index points Monday, September 11 th . It’s down 0.24 per cent d/d and up 44.47 per cent y/y.

OMXT (of Tallinn) increased from 1,262.44 index points Friday, September 8 th to 1,267.33 index points Monday, September 11 th . It’s up 0.39 per cent d/d and up 27.36 per cent y/y.

OMXV (of Vilnius) increased from 646.51 index points Friday, September 8 th to 646.82 index points Monday, September 11 th . It’s up 0.05 per cent d/d and up 19.76 per cent y/y.

PX (of Prague) increased from 1,021.07 index points Friday, September 8 th to 1,023.43 index points Monday, September 11 th . It’s up 0.23 per cent d/d and up 17.62 per cent y/y.

SAX (of Bratislava) increased from 332.55 index points Friday, September 8 th to 332.56 index points Monday, September 11 th . It’s up 0.01 per cent d/d and 2.01 per cent y/y.

SOFIX (of Sofia) decreased from 705.51 index points Friday, September 8 th to 700.46 index points Monday, September 11 th . It’s down 0.72 per cent d/d and up 48.73 per cent y/y.

UX (of Kyiv) decreased from 1,136.47 index points Friday, September 8 th to 1,133.20 index points Monday, September 11 th . It’s down 0.29 per cent d/d and up 53.45 per cent y/y.

WIG20 (of Warsaw) increased from 2,483.58 index points Friday, September 8 th to 2,513.44 index points Monday, September 11 th . It’s up 1.20 per cent d/d and up 45.17 per cent y/y.

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