Gazprom and Eesti Gaas address issues of bilateral co-operation
St. Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Aarne Saar, Chairman of the Eesti Gaas Supervisory Board.
The parties addressed the bilateral co-operation issues, placing an emphasis on Russian natural gas supplies to Estonia in the medium term.
Besides, the meeting considered the Third Energy Package provisions in regard to Eesti Gaas and the impact of this legislative package on the Estonian energy market.
Background
Eesti Gaas deals with gas purchase, transmission and distribution in Estonia until January 2014. The company's ownership structure is split among Gazprom (37.03%), Fortum Heat and Gas OY (51.38%), Itera Latvija (10.02%) and other shareholders.
In pursuance of the Estonian Law on Natural Gas, Eesti Gaas span off a gas grid operator in January 2014 – EG Vorguteenus, with the full shareholding acquired by Vorguteenus Valdus. Gazprom obtained a 37.03% stake in Vorguteenus Valdus and retained 37.03% in Eesti Gaas.
Nowadays Eesti Gaas owns the gas distribution system of Estonia and is engaged in the downstream business of the gas industry.EG Vorguteenus owns and operates the gas transmission system of the Estonian Republic.
Russian natural gas is supplied to Estonia under long-term contracts effective through to 2015. Gazprom supplied Estonia with 0.7 billion m3 of natural gas in 2013.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/22122014/gazprom-and-eesti-gaas-address-issues-of-bilateral-co-operation/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
