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Wednesday, 22.02.2017, 01:36
Gazprom regains half of Lithuania's gas market
The state energy group Lietuvos Energija (Lithuanian Energy), which supplies gas to households and industrial customers, this year plans to purchase some 2.9 mln megawatts (MWh), or around 34% of its gas needs, from Russia and the fertilizer manufacturer Achema, Lithuania's single largest gas consumer, plans to buy about 9 mln MWh, or two-thirds of its gas.
Haupas, one of the country' smallest gas suppliers, has also confirmed that it has reached a deal with Gazprom.
However, none of the companies disclose the details of their agreements with Gazprom, such as the amounts, prices or the duration. Lietuvos Energija has only revealed that it has signed a one-year contract with Gazprom. Both Achema and Haupas keep this information confidential.
Gazprom's share of the Lithuanian market will rise to around 55% this year, from one-third in 2016, but it will remain below its 2015 market share of over 80%.