Estonia's Eesti Gaas Sees Gas Sales Dip in 2019

Estonia’s largest gas company Eesti Gaas suffered a 14% decline in gas sales in 2019, it reported on February 4.

The company, which operates in all three Baltic markets and Finland, achieved sales of 4,140 GWh of gas last year, down from 4,726 GWh in 2018. It blamed the decline on higher temperatures and “fierce competition.”

Eesti Gaas managed to scale up LNG sales by 8% to 263 GWh, however, after taking on new clients in Finland, Latvia and Russia. The company is the largest truck-to-ship bunkering provider in the region, offering services at Tallinn in Estonia and Helsinki and Hanko in Finland.

CNG sales also soared 60% to 83 GWh, Eesti Gaas said, with most of this gas produced from biological waste. “In the context of the stricter climate policy at the global level and in the EU, we can expect the sales of green gas to be increasing in the nearest years,” CEO Ants Noot explained. “Estonia has the potential for generating way more green gas than it is producing today, which would be beneficial for the environment and the consumers’ pockets alike.”