Energy, Gas, Gas Market , Lithuania, USA

This will be one of the first times in the Baltic States for a natural gas supplier to employ a practice common in the Western Europe by taking advantage of the global LNG market and synergy opportunities provided by Baltic States natural gas infrastructure – LNG terminal and storage facility for commercial purposes.

“The expertise of Lietuvos Energija Group and the establishment of the name of Lithuania in the global LNG market, its contracts and continuous talks with the world’s leading LNG suppliers has rendered tangible results. US natural gas suppliers increase the scope of their supply to the global market, which contributes to the competitiveness of our country and is beneficial for natural gas consumers seeking to reduce energy expenses”, – said the Chairman of the Board and CEO of Lietuvos Energija Dr. Dalius Misiūnas.

First contacts with Cheniere Marketing International were established by another Lietuvos Energija owned company LITGAS, which signed a LNG master trade agreement with the U.S. company at the end of February 2015.

“Being a part of Lietuvos Energija Group and having an opportunity to take advantage of gained experience, we successfully expand our geography of acquisitions attracting new LNG suppliers to Lithuania. This purchase is a part of our constant striving for optimal diversification of sources of supply exploiting market opportunities and seasonal price fluctuations. This allows Lietuvos Dujų Tiekimas (LDT) to offer customers in Lithuania and other Baltic States competitive prices and flexible conditions of supply”, – said Mantas Mikalajūnas, CEO of Lietuvos Dujų Tiekimas.

Lietuvos Dujų Tiekimas is a natural gas and trading company, part of Lietuvos Energija energy company group. LDT ensures a reliable supply of natural gas to enterprises, public sector institutions and residents, satisfying the energy needs of more than half a million (560,000) customers in Lithuania and other Baltic States.