February gas imports up 6%

(AFP/Scanpix)
3/16/2016 2:09 PM
Category: Business

The volume of natural gas imported to Estonia in February grew by 6% compared to the same month last year to 61.9 million cubic meters. January’s imports were above last year’s as well.

Estonia imported between 1.6 and 2.6 million cubic meters a day in January. All gas imported entered the country through the Karksi pipeline in South Estonia’s Viljandi County, no interruptions or problems were reported.

The average price of Russian natural gas exported by Gazprom fell by 5% month over month. Network operator Elering reported a cost of €16.44 per megawatt hour. Lithuanian gas exchange GET Baltic reported a higher price per megawatt hour, namely €17.82. Its Finnish equivalent, Kaasupörssi, saw prices fluctuate from €13.50 to €19.89.

Imports from Lithuania in February amounted to 5.2 million cubic meters, which is 8.3% of total imports. Importers were Baltic Energy Partners, Eesti Energia, and Reola Gaas. The remaining amount was bought in from Russia by Eesti Gaas.

Elering’s distribution volume in February was 61.1 million cubic meters. The distribution network’s reserve margin shrank by 7.3% to 4.4 million cubic metres in annual comparison, but grew by 17% compared to January.

Also, 76.2 million cubic meters of gas passed through the transfer pipeline in Southeast Estonia from Latvia to Russia. The underground reservoir in Inčukalns in Latvia was at 38% of its capacity at the end of February.

Editor: Dario Cavegn

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