Industry | Oil and gas |
---|---|
Founded | 1865 |
Headquarters | , |
Key people | Margus Kaasik (Chairman of the Board) |
Products | Natural gas Electric power CNG LNG |
Services | Natural 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 |
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.
The predecessor of Eesti Gaas was established in 1948, and it was the first gas transport company in Estonia. In 1948–1957 it transported through the Kohtla-Järve – Leningrad pipeline Estonian oil shale gas to Leningrad, Later the pipeline was used in traverse mode to transport Russian natural gas to Estonia.[ citation needed ]
In 1988, the name 'Eesti Gaas' was first introduced, and in 1990, it was established as a state enterprise. [1] In 1993, AS Eesti Gaas was incorporated as a corporation. The company was partly privatized in 1993–1995. In 1993, 30% stake in Eesti Gaas was transferred to Lentransgaz (now: Gazprom Transgaz Saint Petersburg), a subsidiary of Gazprom, to eliminate the gas debt dispute. [2] 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. [1] [3] As a result, the government of Estonia kept 39% stake. [1] In December 1996, Ruhrgas increased its stake to 21%; 12% was sold to 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 10% stake. [1] [3] 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. [3] [4] In 2014, E.ON sold its stake to Fortum, which became the largest shareholder with 51.4% stake. [5] 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. [6] Later, Trilini also acquired 50.9% of the shares owned previously by Gazprom and 1.15% of the shares owned by minority shareholders. [7] [8]
In 1998, all regional subsidiaries of Eesti Gaas were merged into the parent company. [9] 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. [10]
In 2013, Eesti Gaas started to sell electricity. [11]
In January 2018, Eesti Gaas started supplying liquefied natural gas (LNG) for the Tallink's ferry Megastar . [12] 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. [13]
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. [14] In addition to Estonia, Eesti Gaas also sells energy in Latvia, Lithuania and Finland. [15]
Eesti Gaas has 11 CNG stations in Estonia which sell also biomethane. [16] It provides LNG bunkering services to LNG-powered ships in Tallinn, Helsinki, and Hanko. [17] 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. [18]
Eesti Gaas' subsidiary AS Gaasivõrk owns and operates the natural gas distribution network in Estonia. Eesti Gaas also sells electricity [14] and owns stakes in solar parks with a total capacity around 4 MW. [19] In 2021 received its first LNG bunkering ship which was named Optimus. [20]
PJSC Gazprom is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the largest publicly listed natural gas company in the world and the largest company in Russia by revenue. In the 2020 Forbes Global 2000, Gazprom was ranked as the 32nd largest public company in the world. The Gazprom name is a contraction of the Russian words gazovaya promyshlennost. In January 2022, Gazprom displaced Sberbank from the first place in the list of the largest companies in Russia by market capitalization. In 2023, the company is delisted from international markets, and continues substantial construction in its operational results.
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.
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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 has 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 (VKG) is an Estonian holding group of oil shale industry, power generation, and public utility companies.
GAIL (India) Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, renewable Energy including Solar & Wind, exploration and production, Petrochemicals, GAILTEL and electricity generation. GAIL was given the MahaRatna status on 1 Feb 2013 by the Government of India. Only 11 other Public Sector Undertakings (PSUs) enjoy this coveted status amongst all Central PSUs.
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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.
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