“Elenger” to Supply Natural Gas Worth Approximately €4 Million to “Daugavpils Siltumtīkli” for the Upcoming Heating Season
Elenger, the largest private energy company in the Baltic and Finnish region, has won the tender to supply natural gas to the municipal company “Daugavpils Siltumtīkli” for the 2025/2026 heating season. “Daugavpils Siltumtīkli” is one of the largest municipal natural gas consumers in Latvia.
The total value of the contract is approximately €4 million (excluding VAT), and Elenger will supply the entire volume of natural gas required by “Daugavpils Siltumtīkli” for the upcoming heating season. Deliveries are scheduled to begin on June 1, 2025.
Dāvis Skulte, Elenger Latvia Managing Director and Chairman of the Board
“Our offer was once again deemed the most advantageous and best suited to Daugavpils’ heating needs – we also won last year’s tender, which gave us the right to supply natural gas to Daugavpils for the 2024/2025 heating season,” said Dāvis Skulte, CEO and Chairman of the Board at SIA Elenger. “This partnership proves our ability to provide competitive and reliable energy solutions, even during times of significant market price fluctuations. Our goal is to ensure long-term price stability and energy security for municipal companies, corporate clients, and residents in Latvia.”
Municipal company “Daugavpils Siltumtīkli”
“Daugavpils Siltumtīkli, as a municipal company, selects fuel suppliers with great care and precision, as we must ensure the lowest possible heating tariff for our consumers,” said Aleksandrs Karpenko, Board Member of “Daugavpils Siltumtīkli.” “We have not yet finalized all supply contracts for the different types of fuel we use to produce heat for Daugavpils residents, but we are certainly aiming to maintain one of the lowest heating tariffs in Latvia, as we had during the current season.”
“In Latvia, natural gas prices will be influenced by the same factors as in the rest of the European Union – weather conditions, gas storage levels, geopolitical developments, and the volume of renewable energy production,” noted Skulte. “Additionally, the EU’s potential regulatory changes regarding storage targets—specifically the goal of reaching at least 90% capacity by November 1, 2025—may have an impact. The EU is currently considering introducing more flexibility into these requirements to balance energy security with market stability and avoid undue pressure on gas prices. If next winter is as mild as the last one, then even with possible tariff fluctuations, total heating costs for Latvian residents could remain relatively low. There is also no reason to worry about the availability of natural gas – supplies are being sourced from various reliable, non-Russian suppliers.”
Elenger is the largest private energy company in the Baltic and Finnish region, operating in six markets – Finland, Estonia, Latvia, Lithuania, Poland, and Germany – and serving over 450,000 customers. The company’s operations cover the full energy spectrum, from trading on energy exchanges and transactions with international partners to selling energy to end-users, as well as developing energy infrastructure and energy production.
Elenger offers customers Western-sourced natural gas and renewable biomethane and manages gas distribution networks in Estonia, Latvia, and Poland with a total length of 9,000 km. The company also sells electricity, including green electricity produced in its solar parks, and is actively involved in international energy trading. Elenger Group employs over 1,000 people. Last year, the company’s turnover reached €1 billion. Its sole shareholder is the investment company Infortar, listed on the Nasdaq Tallinn Baltic Main List.
