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Estonian state energy company signs contract with Lithuanian gas suppliers

  • 2015-01-29
  • from wire reports, TALLINN

On Tuesday, Estonia's state-owned energy company Eesti Energia signed a contract with Lithuanian company Litgas, who manage the Klaipeda LNG terminal, for the purchase of 5.8 million cubic metres of gas, Postimees Online reports.

"The pilot shipments made in December last year confirmed that gas trading via alternative importers is possible and works," said Eesti Energia Energy Trade Manager Heikko Mae.

"Given today's regulations and the tense political situation, additional suppliers are certainly important for ensuring the security of gas supply for both us and the gas seller, but also certainly for our gas clients," he added.

For Estonian clients, this agreement means that they have an alternative to Russian gas, Eesti Energia said.

Eesti Energia has been selling gas in addition to electricity to its big commercial clients for three years.

Litgas announced yesterday that so far this year it has sold 30 million cubic meters of gas to Estonian customers. Alexela-owned Reola Gaas announced yesterday it would be buying 12 million cubic meters of gas from Litgas.