European energy company Equinor has signed a deal to supply electric utility company Latvenergo AS with approximately six liquefied natural gas (LNG) cargoes, or six terawatt hours (TWh) of natural gas.
Under terms of the deal, two LNG cargoes will be supplied each year between 2024 and 2026. The natural gas will be delivered via the Klaipėda LNG terminal.
The purchase of natural gas in the medium term guarantees the security of supply to Latvenergo’s combined heat and power plant for power and thermal energy generation, as well as the sale of natural gas to customers in the Baltics.
Dmitrijs Juskovecs, Chief Commercial Officer of Latvenergo AS, said, “We have secured a very attractive agreement with clear supply conditions with a reliable supplier that has supplied LNG into the Baltics since imports started in 2014, and with the pricing reflecting European market prices through the period.”
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