Company briefs - 2011-07-07

Last year, Latvia’s pulp stock reached 576 million cubic meters - the highest figure during the past seven years, according to the State Forest Service’s data, reports Nozare.lv. The country’s pulp stock per hectare amounted to 193.3 cubic meters. The figure was higher only in 2002, 2003, and 2004, when the pulp stock per hectare reached 199.81 cubic meters, 197.74 cubic meters, and 194.7 cubic meters per hectare, respectively. In 2010, forests covered 2.9 million hectares in Latvia, compared to 1.7 million hectares in 1935, 2.8 million hectares in 1994, 2.9 million hectares in 2004, and 2.9 million hectares in 2009.

Klaipedos Nafta has signed an agreement with international company Fluor, which is a consultant on the preparation and implementation of the liquefied natural gas (LNG) terminal project in Klaipeda, reports ELTA. The agreements stipulates that the consultant will work for four years during which it will prepare a draft technical project, will assist in selecting technologies, will acquire all necessary permits, solve issues of the safety of the project, navigation and others related to the technical side of the project. Lithuania has said it wants to build a floating LNG terminal at Klaipedos port by 2014 to cut dependence on Russian gas and obtain access to the gas spot market, Reuters reports. Klaipedos Nafta said the terminal should have a capacity of 2-3 billion cubic meters of gas per year, and cost some 200-300 million euros.