Litgas signs supply deal with Estonia’s VKG Gas

Litgas signs gas supply deal with Estonia's VKG Gas

Lithuania’s Litgas, part of the state-owned Lietuvos Energija, said it has signed the third gas supply deal with Estonian companies.

Supply of gas to VKG Energia of Estonia will start in March this year, the company said in a statement.

Litgas has already signed contracts with Reola Gaas , and Eesti Energia to which supply of gas will be started from the beginning of March.

In total, the company expects supplying up to 30 million cubic meters of natural gas to Estonia in 2015.

Last week, LITGAS signed an agreement with Latvijas Gaze regarding transit of natural gas through Latvia. Gas will be transported to VKG Energia subject to this agreement.

“These important contracts show that the Baltic gas trading market takes its first steps. Having developed the access to the international natural gas market through the LNG terminal, and having liberalized the Latvian market in the future, gas trading among the countries will be even more active,” General Manager of Litgas, Dominykas Tuckus, said.

Image: Klaipedos Nafta

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