Estonia’s largest gas company is expanding its operations in Latvia
As the gas market is opening and the common Nordic-Baltic market is emerging, the largest Estonian gas company, Eesti Gaas, is expanding its operations in Latvia, entering the retail market as Elenger.
“We started establishing our organisation in Latvia one and a half year ago and have by now secured a significant share of the wholesale market. We are now moving into the Latvian retail market, which means rendering services to companies and apartment owners’ associations,” Dāvis Skulte, the CEO of Elenger Latvija, noted.
“The overall volume of the Nordic-Baltic gas market is over 6 billion m3, and, judging by our efficiency and experience, we are targeting to secure at least a sixth of it,” Skulte said.
In addition to selling pipeline gas, Elenger is planning to establish a foothold in the LNG (liquefied natural gas). “Bunkering Tallink’s shuttle “Megastar” and the construction of the unique LNG bunkering ship to be completed next year has allowed us to become the company which has the highest LNG competence in the region,” Skulte added.
“Last year, we supplied over 16,000 tonnes of LNG from various procurement sources in Russia, Finland, Lithuania and Poland. Just recently we participated in the commissioning of the Novatek’s LNG plant in Vysotsk. With its reasonable price and low environmental impact, LNG is a good alternative energy source for industries and also has potential as a fuel for long-distance transportation,” Skulte noted.
The name “Elenger” recounts a story about energy, gas, electricity and LNG. In Estonia, Elenger uses the trade name Eesti Gaas. The company runs the largest gas supply network in the country and also operates in Finland and Lithuania. The group has a total of 50,000 clients and 240 employees. In addition to supplying customers with natural gas through pipelines, CNG and LNG, the company sells electricity and specializes in the development of various energy production solutions.