LITGAS Signs Second Contract for Gas Supplies to Estonia

Lithuania’s LITGAS signed its second contract for gas supplies to Estonia on Wednesday. According to the deal signed with Eesti Energia, the Lithuanian gas supply and trading company will start supplying gas in March.

“We are delighted to have concluded an agreement with Eesti Energia, which is one of the largest natural gas consumers in Estonia and contributed to beginning of the diversification of Eesti Energia’s the supply portfolio. We hope our relations will develop further and into a long-lasting cooperation in gas supplies,” Dominykas Tučkus, general manager of LITGAS, commented in a note. 

LITGAS, which already signed a contract with Reola Gaas from Alexela Group, reported it is in talks with other Estonian companies.

“The first test quantities of gas were supplied to Estonia in December last year. Test supplies confirmed that it is possible to trade gas via alternative importers and that this system is working,” Heikko Mäe, the head of Eesti Energia energy trade department, said. 

On Tuesday, LITGAS confirmed it will supply first gas to Estonia from February 1, 2015.