Eesti Energia expects to start building Jordan power plant soon
The state owned Estonian energy group Eesti Energia expects to start building an oil shale powered power plant in Jordan still this year, Eesti Energia board member Margus Vals said at a conference on Tuesday marking the 100th anniversary of the start of oil shale mining in Estonia.
VKG restarts production allowing Kohtla-Järve to renovate schools
A major employer in Ida-Viru County, VKG aka Viru Keemia Grupp said it would restart its oil plants and has begun to recruit people laid off half a year ago.
08.07.2016, Andres Reimer, RiiaPM
Ministry thinks to turn power off when it gets cold
Under leadership of Kristen Michal, economy ministry thinks it expedient to switch a part of consumers off the mains power supply instead of charging higher fees and build new plants to cover Estonia's needs.
08.06.2016, Andres Reimer, RiiaPM
Editorial: trees to power no bad idea
It makes sense to create options for burning wood in Eesti Energia power stations as helping achieve long-term renewable energy aims, maintain Estonia's energy security, create new jobs in forestry, increase exports etc.
Big burning of wood to birth brief forestry boom
Governmental decision to allow massive burning of wood in oil shale power stations of Eesti Energia will boost the forestry business bu half while raising timber price may spell heftier heat bills.
21.01.2016, Andres Reimer, RiiaPM
Africa en example for energy independence to Estonia
Thanks to technology revolution, the Estonian eager for innovation will within years break free from energy taxes imposed by the state, and of the major producers pampered with subsidies, predicts World Energy Council's European region head Einari Kisel.
11.01.2016, Andres Reimer, RiiaPM
Estonia's input into global climate: adieu, oil shale energy
This past Saturday, 195 nations agreed about a historic accord to halt global warming. Though the result should be seen as late as at change of century, for Estonia the painful decisions are not far in coming.
15.12.2015, Oliver KundPM
Editorial: the historical climate accord message
The agreement is born. Though worn out, the expression «historical achievement» is surely the phrase to be used regarding the document signed in France by 196 nations. After the various failures, French diplomatic skills have yielded a globally binding agreement aimed at mitigating climate change impact via CO2 curbs.
VKG headed towards hefty yearly loss
Since spring no longer CEO of Estonian Railways due to private use of company fuel card, Ahti Asmann sits at helm of a leading private-capital-based chemical industry enterprise Viru Keemia Grupp (VKG).
Kütusehindade madalseisu tõttu esimest korda kahjumisse langenud Ida-Virumaa suurimaid tööandjaid kavatseb siiski lähiajal kõik olulised töökohad säilitada, sest kokkuhoiu nimel tehtav vallandamine tooks kaasa ettevõtte sulgemise. Eesti Raudtee asjadest ei soovinud Asmann rääkida.
10.11.2015, Andres Reimer, RiiaPM
Editorial: brown gold, wrapped in paper
In Estonia, involvement tends to be in words only. With decisions, experts, scientists, entrepreneurs and real-lifers tend to be ignored. While with some softer domains the mistakes may merely cause the temporary media noise and public nagging, in some matters the errors may be fatal and the price to be paid severe. The latter surely involves issues of oil shale mining.
State might take limits off oil shale mining
The oil shale development plan about to make it from environment ministry to government within weeks may prove useless being founded on totally unrealistic energy price prediction and leaving what's most vital – mining volumes bearable for Estonia – to be dictated by policy.
21.09.2015, Andres Reimer, RiiaPM
Estonia to break ground in Jordan
For nine years, Estonia and Jordan have toiled at grand joint project to mine oil shale, build a power station and produce shale oil. With the first two, finishing line is in sight.
10.09.2015, Anneli AmmasPM
Eesti Energia plans petrol production from oil shale gas
Eesti Energia has proclaimed a design procurement for devices extracting gasoline from oil shale gas, intending to add these to Enefit-type plants producing oil from oil shale.
Eesti Energia squandered dozens of millions of euros
Internal audit reveals tens of millions of losses caused to company by management mistakes of former CEO Sandor Liive and his subordinates.
03.09.2015, Andres Reimer, RiiaPM
Sutter says «use electricity in the night»
Consumers should watch the hourly electricity price as exchange fluctuations may cut price ten times lower, advises Eesti Energia CEO Hando Sutter.
11.08.2015, Andres Reimer, RiiaPM
Eesti Energia eyes existing European refinery
Hando Sutter, Eesti Energia CEO since December, says the company is considering production of motor fuel in a European refinery rather than building the expensive diesel plant in Auvere.
21.01.2015, Andres Reimer, RiiaPM
Simple step by government would halt lay-off of hundreds
Despite the breathtakingly plunging price of oil, VKG (Viru Keemia Grupp) would this very Monday call all its laid off staff back to their posts – if government only allowed the company to mine its entire needed oil shale.
09.01.2015, Andres Reimer, RiiaPM
Editorial: dagger at oil industry throat
Yesterday, we saw crude hitting record lows again, the Brent benchmark doing a below $52 plunge. Top to bottom, this makes for roughly half price oil. The impact reaches farther than Russia’s budget or employment at Norwegian rigs. While, broadly speaking, the cheaper fuels are a blessing for Estonian and European economies, Ida-Viru County oil industry and oil shale mining face prompt problems.
Shale oil producer VKG to slash hundreds of jobs, cut wages
Viru Keemia Grupp (VKG), which said at the beginning of December it must scrap up to 200 jobs as a result of falling global oil prices and the high price it must pay Eesti Energia for oil shale, has now announced that the number of redundancies will be bigger and also the pay of some employees will be cut, the regional newspaper Pohjarannik said.
European Parliament makes decision favorable of producing diesel from oil shale
The European Parliament on Wednesday did not support a resolution relating to the quality of petrol and diesel fuels, meaning that the situation remains favorable for producing motor fuel from oil shale in Estonia.
Energy security ensured by oil shale power
Thanks to prudent policy and investment abilities of Eesti Energia, Estonia is producing twice the amount of energy it consumes. Oil shale is among the environmentally dirtiest fuels and burning it is becoming ever more expensive due to EU CO2 policy.
20.10.2014, Andres Reimer, RiiaPM
The United States and Estonia - NATO Allies and Global Partners
President Obama met with Estonian President Toomas Hendrik Ilves and Estonian Prime Minister Tavi Roivas in Tallinn, Estonia on September 3. The visit reinforced the close ties between the United States and Estonia, which are rooted in our shared values, ideals, and interests.
04.09.2014, The White House, Office of the Press SecretaryPM
Increase of environmental fee feared to fell oil shale industry
Environmental ministry is hatching a rise in fees which, according to experts, will spell the death of oil shale industry development.
19.08.2014, Andres Reimer, RiiaPM
VKG edges closer to diesel fuel production
Last week saw groundbreaking ceremony at VKG (Viru Keemia Grupp) oil plant Petroter III. When launched in 2016, enough oil will be produced to start independent diesel fuel production.
07.04.2014, Andres Reimer, RiiaPM
Swedish report urges Estonia to give up oil shale energy
A climate change report of the Swedish Air Pollution and Climate Secretariat calls on Estonia to drop oil shale energy, emphasizing that the emerging green economy must offer work to released miners and other oil shale sector employees in the northeastern Virumaa region, the Estonian Renewable Energy Association reports.
In the name of a €1bn project
Eesti Energia preparing to sell majority holding in Jordanian oil shale power station.
Introduction of renewable sources of energy has reduced the share of oil shale in electricity production
According to Statistics Estonia, in 2012 the production of electricity totalled nearly 12 TWh, which is 7% less than in 2011. The electricity production from renewable sources has increased by about a fourth.
Estonia to assess environmental impact of oil shale extraction
The Estonian Environment Ministry has started drafting a national oil shale development program for the period 2016-2030 which simultaneously with mapping out the principles and directions of oil shale industry development will assess the environmental impact of the planned activities.
Eesti Energia wants to build joint oil shale refinery
Estonia's state-run energy group, Eesti Energia, has commenced talks with two other oil shale processing companies, Viru Keemia Grupp (VKG) and Kiviõli Keemiatööstus, to consider joint construction of a refinery for producing motor vehicle-suitable diesel fuel from shale.
Ansip: oil shale fuel production should be given green light
Prime Minister Ansip met with the President of the European Commission José Manuel Barroso in Brussels today to discuss energy-related problems in the European Union and how they relate to Estonia.
Estonian competition watchdog advises to sell oil shale mining permits at auction
The Estonian Competition Authority finds in a fresh analysis that the advantages currently enjoyed by four existing oil shale mining companies should be eliminated and new extraction permits ought to be issued at a transparent auction.
Eesti Energia: Informed respondents support investment in oil shale plants
About half of respondents in a recent survey taken on a random sample were aware of Eesti Energia's investments to bring its oil shale production into line with today's requirements and of informed respondents 76 percent supported investment in oil shale power plants, the Estonian state owned energy group said on Monday.
Interest groups fight for sharp rise of oil shale mining in Estonia
At the moment, oil shale industry is at great pains to rid itself of the suffocating mining ceiling, and of plans for fresh taxes. The industrialists view oil shale as profits – politicians and state officials, however, smell extra budget revenues.
06.03.2013, Andrus Karnau, PostimeesPM
Gallery: president opens new oil shale mine (38 photos)
President Toomas Hendrik Ilves participated at opening ceremony of the VKG Group’s new Ojamaa mine with estimated reserves of 58m tonnes and operating time of 15-17 years.