Eesti Gaas

Last updated
Eesti Gaas
Industry Oil and gas
Founded1865
Headquarters
Tallinn
,
Estonia
Key people
Margus Kaasik (Chairman of the Board)
Products Natural gas
Electric power
CNG
LNG
ServicesNatural gas sale and distribution
Parent AS Infortar
Subsidiaries AS Gaasivõrk
SIA Elenger (Latvia)
UAB Elenger (Lithuania)
Elenger OY (Finland)
Elenger Sp. z o.o (Poland)
Elenger Marine OÜ (Estonia)
Website www.gaas.ee

Eesti Gaas AS, branded internationally as Elenger, is an energy company with headquarters in Tallinn, Estonia. The company's main activity is selling and distributing of natural gas in Estonian, Latvian, Finnish, and Lithuanian markets. Eesti Gaas product portfolio includes also LNG, CNG, and electricity, including solar energy.

Contents

History

Eesti Gaas current headquarters on Sadama tanav [et] 7 in Tallinn (July 2019). Tulemaja.jpg
Eesti Gaas current headquarters on Sadama tänav  [ et ] 7 in Tallinn (July 2019).
The former headquarters of Eesti Gaas on Liivalaia 9 in Tallinn (August 2008). The building was designed by Miia Masso [et] and demolished in 2021. Eesti Gaas, Liivalaia 9.jpg
The former headquarters of Eesti Gaas on Liivalaia 9 in Tallinn (August 2008). The building was designed by Miia Masso  [ et ] and demolished in 2021.

The predecessor of Eesti Gaas was established in 1948, and it was the first gas transport company in Estonia. The company however traces its history to 1865 when the Tallinn Gasworks  [ et ] was opened, which used coal imported from England and gasified there. [1] From 1948–1957 it transported Estonian oil shale gas through the Kohtla-Järve – Leningrad pipeline to Leningrad, Later the pipeline was used in traverse mode to transport Russian natural gas to Estonia.[ citation needed ]

From 1963–1988, the company existed as the "General Administration of Gasification" under the Council of Ministers of the Estonian SSR. In 1988, the name 'Eesti Gaas' was first introduced, and in 1990, it became a state enterprise. [2] In 1993, AS Eesti Gaas was incorporated. The company was partly privatized in 1993–1995. In 1993, a 30% stake in Eesti Gaas was transferred to Lentransgaz (now: Gazprom Transgaz Saint Petersburg), a subsidiary of Gazprom, to eliminate the gas debt dispute. [3] In 1994, Ruhrgas (later: E.ON Ruhrgas) acquired about 15% of the company's shares while the management of the company, together with other private investors and the UK-based Baltic Republic Fund, acquired 7.5% of shares both. [2] [4] As a result, the government of Estonia kept a 39% stake. [2] In December 1996, Ruhrgas increased its stake to 21%; 12% was sold to the public. In January 1999, the remaining state-owned shares were sold. Ruhrgas increased its stake up to 32%, Gazprom kept its 30% stake, and Neste (later Fortum) got a 10% stake. [2] [4] Later that year, Itera (now part of Rosneft) Latvian branch acquired nearly 10% stake from the Baltic Republic Fund. In following years, Gazprom increased its stake up to 37%, E.ON up to 33.66%, and Fortum up to 17.7% by buying shares from private investors. [4] [5] In 2014, E.ON sold its stake to Fortum, which became the largest shareholder with 51.4% stake. [6] In February 2016, it was announced that Fortum will sell its stake to Trilini Energy, a company controlled by the investment firm Infortar, the major shareholder of the shipping company Tallink. [7] Later, Trilini also acquired 50.9% of the shares owned previously by Gazprom and 1.15% of the shares owned by minority shareholders. [8] [9]

In 1998, all regional subsidiaries of Eesti Gaas were merged into the parent company. [10] In December 2004, the gas infrastructure construction activities were transferred to the separate subsidiary, AS EG Ehitus. In 2005, the gas grid services (transmission and distribution) were transferred to the newly established subsidiary company EG Võrguteenus. In 2013, the distribution network was separated from EG Võrguteenus into a newly established subsidiary of Eesti Gaas, AS Gaasivõrgud. In 2014, to implement the EU third energy package EG Võrguteenus was separated from Eesti Gaas. [11]

In 2013, Eesti Gaas started to sell electricity. [12]

In January 2018, Eesti Gaas started supplying liquefied natural gas (LNG) for the Tallink's ferry Megastar . [13] In October 2018, Eesti Gaas announced that it will order 6,000-cubic-metre LNG barge for bunkering of ships in the northern and eastern part of the Baltic Sea. The barge would be ready by 2020, and it will be built by Damen Group. [14]

Operations

Eesti Gaas imports, sells and distributes pipeline natural gas, as also compressed natural gas (CNG), including compressed biomethan, as fuel for vehicles and liquefied natural gas (LNG) as fuel for ships. [15] In addition to Estonia, Eesti Gaas also sells energy in Latvia, Lithuania and Finland. [16]

Eesti Gaas has 11 CNG stations in Estonia which sell also biomethane. [17] It provides LNG bunkering services to LNG-powered ships in Tallinn, Helsinki, and Hanko. [18] The company delivers LNG by trucks from the LNG plant in Pskov in Russia and the Klaipeda LNG terminal in Lithuania, as also from Finland and Poland. [19]

Eesti Gaas' subsidiary AS Gaasivõrk owns and operates the natural gas distribution network in Estonia. Eesti Gaas also sells electricity [15] and owns stakes in solar parks with a total capacity around 4 MW. [20] In 2021 received its first LNG bunkering ship which was named Optimus. [21]

See also

Related Research Articles

<span class="mw-page-title-main">Fortum</span> Finnish energy company

Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.

Tallink is an Estonian shipping company operating Baltic Sea cruiseferries and ropax ships from Estonia to Finland, Estonia to Sweden and Finland to Sweden. It is the largest passenger and cargo shipping company in the Baltic Sea region. It owns Silja Line and a part of SeaRail. Tallink Hotels runs four hotels in Tallinn. It is also the co-owner of a taxi company Tallink Takso.

ARETI International Group is a private energy company headquartered in Geneva, Switzerland. The ARETI group consists of holding companies registered in Switzerland, Cyprus, the United States, Turkmenistan and is involved in the energy industry, real estate and cycling development. The company operates primarily in Switzerland and the Commonwealth of Independent States (CIS) countries. ARETI was created by Igor Makarov in 2015 following his sale of Itera International Group of Companies, which was started in 1992 and sold off in 2013, when Itera's main subsidiary, Itera Oil & Gas Company, was acquired by Rosneft prior to any sanctions placed on Rosneft.

Gasum Oy is a Finnish state-owned energy company operating in the Nordics. Gasum owns 17 biogas refineries in Finland and Sweden, and is the largest processor of biodegradable waste in the Nordic countries. In addition, Gasum sells wind power and provides various energy market services. It is in the process of building a gas filling station network that will also serve heavy-duty vehicles.

A/S Latvijas Gāze is a Latvian natural gas company, which deals in the importation and sale of natural gas.

Balticconnector is a bi-directional natural gas pipeline between Ingå, Finland and Paldiski, Estonia operated by Gasgrid Finland and Elering. It connects the Estonian and Finnish gas grids, and provides Finland with access to the Inčukalns underground gas storage facility in Latvia.

Novatek is Russia's second-largest natural gas producer, and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a head office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.

<span class="mw-page-title-main">Eesti Energia</span> Company based in Estonia

Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Finland, Jordan and Utah, United States. In Estonia, the company operates under the name Eesti Energia, while using the brand name Enefit for international operations. The main raw material for energy production – oil shale – is extracted from mines located in Eastern-Estonia and owned by the company. The group of Eesti Energia has three main operation areas: electricity generation, shale oil production, and sale and distribution of electricity. Its shares are owned by the Government of Estonia.

Enefit Kaevandused was a mining company located in Jõhvi, Estonia. It was a subsidiary of Eesti Energia, an Estonian state-owned energy company. The core activity of Enefit Kaevandused was oil-shale mining. The produced oil shale was mainly used for shale oil production and to fuel oil shale-fired power stations in the north–east of Estonia. As of 2009, the company had 3,150 employees. The last chief executive officer was Andres Vainola. The company produced more than 17 million tons of oil shale in 2013.

Viru Keemia Grupp is a private Estonian large-scale industrial enterprise. It focuses on oil shale mining, shale oil, combined heat and power production and production and marketing of fine chemical products.

<span class="mw-page-title-main">GAIL</span> Central Public Sector Undertaking

GAIL (India) Limited is an Indian state-owned energy corporation with primary interests in the trade, transmission and production distribution of natural gas. GAIL also has interests in the exploration and production solar and wind power, telecom and telemetry services (GAILTEL) and electricity generation. GAIL was founded as the Gas Authority of India Ltd. in August 1984 under the Ministry of Petroleum and Natural Gas to build, operate and maintain the HVJ Gas Pipeline. On 1 February 2013, the Indian government conferred GAIL with Maharatna status along with 11 other Public Sector Undertakings (PSUs).

Baltic LNG is a liquefied natural gas plant under construction on the Gulf of Finland of the Baltic Sea in Ust-Luga, Leningrad Oblast, Russia. The plant's capacity would be 13 million tons of LNG per year. The planned launch date has changed many times, and according to the latest plans, the first line will start operating in 2024 and the second line in 2025. The cost of the project is estimated at 2.4 trillion rubles. On October 7, 2021, it was announced that the LNG plant might be expanded to three lines. The third line could be introduced by 2026, which would increase the plant's capacity to 20 million tons per year, reaching the capacity of Arctic LNG-2.

<span class="mw-page-title-main">Sakhalin Energy</span> Russian oil and gas company

Sakhalin Energy Investment Company Ltd. is a consortium for developing the Sakhalin-2 oil and gas project with corporate head office in Yuzhno-Sakhalinsk. Roman Dashkov has been the Chief Executive Officer since 2013.

<span class="mw-page-title-main">Elering</span> Company based in Estonia

Elering AS is a national transmission system operator for electricity and natural gas with headquarters in Tallinn, Estonia. The managing director of Elering is Taavi Veskimägi.

ZAO Northgas is a natural gas-producing company in Russia. It is a developer of the North-Urengoy (Severo-Urengoyskoye) gas field in the Yamalo-Nenets region. According to DeGolyer and MacNaughton, it controls a total reserves of 368 billion cubic metres of natural gas. All produced gas is acquired by Gazprom.

<span class="mw-page-title-main">Alexela</span> Estonian company

AS Alexela is an Estonian company primarily engaged in the energy sector. Alexela's product portfolio includes electricity, natural gas, cylinder gas, tank gas, and automotive fuels. The company employs over 1000 people, and owns more than a hundred gas stations in Estonia.

<span class="mw-page-title-main">Uniper</span> German energy company

Uniper SE is a German multinational energy company based in Düsseldorf, Germany, which has been a state-owned enterprise since late 2022. It is one of the biggest energy companies by revenue in Europe. The name of the company is a portmanteau of "unique" and "performance", which was given by long-term employee Gregor Recke. Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016. In 2019, the company employed about 6,800 people in over 40 countries. In 2018, around one-third of the employees were based in Germany. Until 2022, it owned a subsidiary company in Russia called Unipro. Uniper was listed on the Frankfurt Stock Exchange.

Nitrofert AS is a manufacturer of fertilizers based in Kohtla-Järve, Estonia. It is a subsidiary of Ostchem Holding, owned by Ukrainian oligarch Dmytro Firtash.

<span class="mw-page-title-main">Postimees Group</span> Company based in Estonia

AS Postimees Grupp, formerly known as AS Postimees and AS Eesti Meedia, is an Estonian media holding company headquartered in Tallinn. The company is currently owned by MM Group, having acquired the half of the company from Norwegian company Schibsted in 2013 and bought the remaining half in 2015. The group is one of the largest media group in the Baltics. Among the Group's activities are creation of print and online media, production of television and radio, e-commerce.

References

  1. ↑ https://www.gaas.ee/en/company/history/
  2. 1 2 3 4 Liuhto, Kari (2006). Expansion Or Exodus: Why Do Russian Corporations Invest Abroad?. Vol. 11. Psychology Press. pp. 66–67. ISBN   9780789032867.{{cite book}}: |journal= ignored (help)
  3. ↑ Drezner, Daniel W. (1999). The Sanctions Paradox: Economic Statecraft and International Relations. Cambridge University Press. p. 227. ISBN   9780521644150.
  4. 1 2 3 Grigas, Agnia (2014). The Politics of Energy and Memory between the Baltic States and Russia. Ashgate Publishing. pp. 109–111. ISBN   9781472451361.
  5. ↑ OECD (2013). Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels 2013. OECD. p. 145. ISBN   9789264187610.
  6. ↑ "Fortum acquired majority holding in Eesti Gaas". The Baltic Course. 2014-07-02. Retrieved 2016-02-27.
  7. ↑ "Fortum sells holding in Estonian gas seller Eesti Gaas". The Baltic Course. 2016-02-23. Retrieved 2016-02-27.
  8. ↑ "Trilini to buy Gazprom's holding in Eesti Gaas". The Baltic Course. 2016-05-09. Retrieved 2016-08-31.
  9. ↑ "Trilini becomes full owner of Eesti Gaas". ERR. BNS. 2016-12-13. Retrieved 2019-01-03.
  10. ↑ Terterov, Marat; Reuvid, Jonathan (2005). Doing Business with Estonia. GMB Publishing. p. 120. ISBN   9781905050567.
  11. ↑ "EG Vorguteenused was separated from Eesti Gaas". The Baltic Course. 2013-11-20. Retrieved 2016-02-27.
  12. ↑ "Eesti Gaas will start selling electricity". The Baltic Course. 2012-10-04. Retrieved 2016-02-27.
  13. ↑ Liiva, Siiri (2016-10-11). "Tallinki uut laeva hakkab LNG kütusega varustama ka Eesti Gaas" [Tallink's new vessel will also be supplied with LNG fuel by Eesti Gaas]. Postimees (in Estonian). Retrieved 2019-01-03.
  14. ↑ "Eesti Gaas orders 6,000-cubic-metre LNG barge". ERR. BNS. 2018-10-02. Retrieved 2019-01-03.
  15. 1 2 "Eesti Gaas kasvatas müüginumbreid" [Eesti Gaas increased its sales numbers]. Postimees (in Estonian). 2018-07-27. Retrieved 2019-01-03.
  16. ↑ "Eesti Gaas set to enter Finnish market under Elenger brand rename". ERR. 2019-05-13. Retrieved 2020-01-06.
  17. ↑ "Eesti Gaas: "We want to expand our CNG operations to neighbouring countries"". PetrolPlaza. 2019-03-01. Retrieved 2020-01-14.
  18. ↑ "Scheduled bunkering of LNG-powered ships started in the port of Hanko". The Baltic Times . 2019-09-06. Retrieved 2020-01-06.
  19. ↑ Johanson, Adele (2017-12-19). "Eesti Gaas hakkab Leedust veeldatud maagaasi tarnima" [Eesti Gaas will deliver LNG from Lithuania]. Postimees (in Estonian). Retrieved 2019-01-03.
  20. ↑ Alla, Hans (2018-10-10). "Eesti Gaas ehitab Pärnumaale Eesti suurimad päikeseelektrijaamad" [Eesti Gaas is building the largest solar power plants in Estonia in Pärnu County]. Postimees (in Estonian). Retrieved 2019-01-03.
  21. ↑ "Oluline sündmus. Eesti Gaas esitles Läänemere piirkonna esimest maagaasi punkrilaeva". 3 November 2021. Retrieved 25 May 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.