Lithuania’s LITGAS Obtains Permission to Trade in Estonia

Lithuania’s LITGAS obtained the green light to trade in the Estonian gas market without an additional licence by Estonian Competition Authority. 

“This opportunity will allow the company to get closer to potential customers, who until now had to take care of the transportation of natural gas from the Estonian and Latvian border. This is great facilitation to us and means that we can move forward faster”, Dominykas Tuckus, General Manager of LITGAS, commented in a note released on Tuesday.

LITGAS, which applied in January, supplies natural gas to Estonia’s Reola Gaas from Alexela Group from the beginning of the month, and recently signed a contract with Eesti Energia, with deliveries set to start in March. 

“There are ongoing discussions with other potential customers and we are expected to sign new contracts,” said the company, adding that it plans to supply up to 30 million cubic meters to Estonia in 2015.