LNG from Lithuania will be supplied to Estonia and Poland


The liquefied natural gas supplier LITGAS and the natural gas trading company Lietuvos Duju Tiekimas, both of which belong to the Lietuvos Energija group, will implement Lithuania’s first large deal of supplying liquefied natural gas (LNG) by land. The LNG will be transported from Klaipeda to consumers in Estonia, Poland, and Lithuania by as many as 100 LNG trucks.

LITGAS and Statoil have signed the amended baseload supply agreement


LITGAS, a natural gas trading company, part of Lietuvos Energija energy company group, has signed a reshaped baseload supply agreement with Statoil. The amendments of the agreement will help to reduce the operation costs of Klaipėda’s liquefied natural gas (LNG) terminal by a third and, in turn, energy prices for final consumers.

Merger between Lietuvos Dujų Tiekimas and LITGAS postponed


The state-controlled Lietuvos Energija Group of energy companies has postponed the reorganisation of its natural gas supply and trade companies Lietuvos Dujų Tiekimas (LDT) and LITGAS as a result of which LITGAS should have been merged with LDT by acquisition.  This decision adopted by the Board of Lietuvos Energija has been approved by the Ministry of Finance which controls its shares.

LITGAS and Statoil prepare joint venture to enter the Baltic Sea small scale LNG market


Natural gas supply and trading company LITGAS, part of Lithuania’s state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production, signed a memorandum of understanding (MoU) on Thursday in Vilnius, Lithuania regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services.

LITGAS and Lietuvos Duju Tiekimas will be merged


State controlled energy company group Lietuvos Energija decided to merge its two natural gas supply daughter companies: Lietuvos Duju Tiekimas and LITGAS. Such move will create one powerful gas supply company in Lithuania which will seek to expand its activities in the Baltic region.

LITGAS and Cheniere Marketing Sign Master Trade Agreement


The natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group, on February 27 signed a master trade agreement to enable purchases of  LNG from Cheniere Marketing, a subsidiary of Cheniere Energy.  Cheniere Energy will open the first LNG export terminal in the U.S. in over 40 years later this year, first LNG expected to arrive in Lithuania as early as 2016.