The biggest private energy sector company in the Baltic-Finnish region Eesti Gaas plans to start providing its services to Latvian households starting with the 1st of May, as reported by Estonian ERR News.
Eesti Gaas will cooperate with Latvian households using international brand Elenger. Elenger Latvia CEO Dāvis Skulte mentioned in press-statement: «We believe that the entry of a new market player will certainly benefit gas consumers in Latvia, providing people with the opportunity to choose the most suitable supplier according to their gas consumption habits and needs. We deliver natural gas directly from the producers, and our main partner today is the Norwegian company Equinor.»
Skulte added that Equinor is the only natural gas trader in the Baltic region that has access to both Klaipeda liquefied natural gas terminal in Lithunia and Inko terminal in Finland.
According to Eesti Gaas CEO Margus Kaasik, Latvia’s households’ share of the country’s natural gas market is about four times larger than the share Estonian households have in their country. It is about 400 000 households. He said:
«We have been selling gas to companies in Latvia for the last five years; now we want to take part in the open household market.
We can offer the customer a better price and a more reliable supply, as we buy gas in large quantities directly from Western sources».
He added that approximately 70% of Eesti Gas profits come from exports.
Eesti Gaas delivers gas in the form of compressed natural gas or liquefied natural gas via pipelines. The company also manages Estonia’s largest gas network. Eesti Gaas also operates in Finland, Latvia, Lithuania and Poland under Elenger brand. The company services approximately 50 000 clients.
Also read: Branson’s Virgin Orbit to lay off most of its employees