Natural gas supply and trading company Litgas, part of Lietuvos Energija energy company group, will start supplying natural gas to Estonia from February. Litgas is the first company in Lithuania and one of the first in the Baltics which will supply natural gas to customers in other countries, the company said.
© Reuters/Scanpix

"When LNG terminal in Klaipėda has started its operations, we acquired new options to import natural gas from various sources and offer them to customers in other countries for competitive prices. Furthermore, Lithuania gained momentum to become a regional hub for natural gas trading," stated Dominykas Tuckus, the general manager of LITGAS.

Litgas expects supplying up to 30 million cubic meters of natural gas this year. The company has signed contract with Reola Gaas from Alexela Group, and is in talks with other potential customers in Estonia.

Natural gas from Lithuania to Estonia will be supplied by gas pipeline via Latvia.

Litgas has 15 non-binding master trade agreements with companies supplying approximately half of the world's LNG and also has possibilities to buy natural gas from other Lithuanian importers.

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