Baltics glut with gas oversupply and “greening” of gas business will be a factor in 2021

  • 2020-11-27
  • Linas Jegelevicius
The year has brought oversupply and low spot prices have come along with it. The Baltic states have taken advantage of this and have tried talking down the price of LNG. “The market was glutted and the existing and new LNG projects will grow capacity in 2021 that goes far beyond steady demand growth, creating market volatility,” a former head of Lithuania’s energy regulatory commission (VKEKK) Vidmantas Jankauskas said. In the long run he believes the prospects for LNG are brighter than for other fossil fuels because of the former’s relatively lowe...
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