CEO of Eesti Gaas, that recently announced a sharp gas price hike, Margus Kaasik said that the price the company charges is determined by the exchange and promised not overcharge customers to maximize profits. Even in a situation where the government pays for much of the price hike.
Gas provider Eesti Gaas is about to order its subsidiary Gaasivõrk to stop supplying a small Tallinn grid company called Tallinngaas with natural gas. Around 70 customers stand to lose access to gas in a week's time as things stand.
There are no major issues with the supply of natural gas in Estonia, the head of monopoly supplier Eesti Gaas says, following news that Narva municipality has declared a state of emergency over uncertainty of supply ahead of the next autumn and winter and the need to decouple from the supply of Russian gas.
Gas company Eesti Gaas finds it doubtful Estonia will be able to stockpile the 1 terawatt-hour of gas it needs for the coming heating season should the LNG terminal plan fall through. The first procurement yielded only a tenth of the required volume, with the Estonian Stockpiling Agency (ESA) forced to hold additional tenders.
Estonia not planning to pay for Russian gas in rubles interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.