Estonian energy holding Eesti Energia has agreed with Russia’s Novatek on a discount price for gas imports into the Baltic country via Lithuania’s LNG terminal based in Klaipeda, ERR reports.
The contract with the new Klaipeda LNG terminal user was signed on Thursday. Eesti Energia’s first gas cargo will arrive at the terminal at the end of September, according to plans.
“The contract signed with Eesti Energia confirms that the conditions for using our reliable terminal satisfy the users of the terminal and natural gas users in Lithuania and abroad. Gas was already imported to other Baltic countries through Klaipeda LNG Terminal before, but it is important that during the period of low LNG prices several new terminal users found business opportunities and tried the terminal services,” said Arunas Molis, head of Klaipeda LNG Service of KN.
Molis added: “The growing number of Klaipeda LNG Terminal users demonstrates confidence of business in the value chain created by our company, brings more competition and allows to supply gas at a more competitive price. The number of the Terminal users has doubled over the summer, and the capacity booked for autumn and winter gives us an optimistic view – hopefully new users of the terminal will continue to use it in the future after trying out the services.”
“We are committed to providing our customers with competitively priced energy and smart solutions. Now we have taken a step forward in cooperation with Klaipeda LNG Terminal, which enables us in given market situation to purchase LNG at competitive price, to regasify and bring it to our clients in the Baltics,” said Eero Sirendi, Head of Energy Trading at Eesti Energia.
Due to a favorable situation in the international gas markets, Klaipeda LNG Terminal has reached its highest operative efficiency since the launch of its activities during the last months of the first half of 2019 and enabled supply of gas not only to customers in Lithuania but also to consumers in other Baltic States.
In the first half of the year, the Klaipeda LNG terminal accepted 15 LNG carriers (5 LNG carriers in the first six months of 2018), which brought 402 thousand tons of LNG (300 thousand tons in the first six months of 2018).
