Baltic, Energy, Gas, Transport

"With such possibilities we are becoming a regional natural gas trader able to transport gas to Estonia independently at attractive conditions," General Manager of Litgas Dominykas Tuckus said." Our transit agreement is also an important step towards common and liberalized natural gas market in Baltic countries, where real competition will prevail".

The company is already supplying natural gas to Estonian company Reola Gaas from Alexela Group from the beginning of February, and will start supplying gas to one of the largest natural gas consumers in Estonia Eesti Energia from March. LITGAS is currently in talks with other potential customers and is expecting to sign new contracts.

Litgas expects supplying up to 30 million cubic meters of natural gas to Estonia in 2015.

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

Litgas UAB is a natural gas supplier and trader, part of the largest energy company group in Lithuania Lietuvos Energija.