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International Internet Magazine. Baltic States news & analytics Friday, 22.10.2021, 03:34

Gazprom regains half of Lithuania's gas market

BC, Vilnius, 03.01.2017.Print version
Russia's gas giant Gazprom this year is set to recapture a large chunk of the Lithuanian natural gas market, but market participants and energy experts downplay the increase in the share of Russian gas in the country, attributing it to competition, writes LETA/BNS.

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%.

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