The European gas network forms an integral part of the EU’s energy needs and its plans to meet the carbon reduction figures set out in the Paris Agreement. It already forms a significant role in the energy mix accounting for 22 percent of the energy usage, and with the growth of power-to-gas technologies initiatives, it is expected to grow.
Amber Grid informs its current and potential users on the opportunity to submit their non-binding demand indications for incremental capacity at interconnection point with Latvia and Poland. Such information should be submitted within 8 weeks starting from 1st July 2019.
The Board of Amber Grid made a decision on the conclusion of the agreement for the purchase of pipes for the construction of GIPL with Poland’s Izostal S.A., company. The contract estimated EUR 26.4 million (excluding VAT) with Izostal S.A. will be signed subject to the approval of Extraordinary General Meeting of Shareholders to be held on 23 July.
The Board of Lithuanian natural gas transmission system operator Amber Grid made a decision on the conclusion of the agreement for the purchase of pipes for the construction of GIPL with Poland’s Izostal S.A., company. The contract estimated EUR 26.4 million (excluding VAT) with Izostal S.A. will be signed subject to the approval of Extraordinary General Meeting of Shareholders to be held on 23 July.
As the Baltic market participants use a particularly favourable conjuncture of natural gas prices in Europe, according to the actual traffic data that is made publicly available by Amber Grid, natural gas flow to Latvia in the second week of June exceeded the flows of gas consumption in Lithuania and of transit from Russia to Kaliningrad Region through Lithuania.
