Balti Gaas was established with an intention to operate LNG gas terminal in Pakrineeme, Pakri peninsula. After connecting the terminal with the gas networks of Estonia and the Baltics, it will open gas import market for the whole region.
Since natural gas reserves in the world are significally higher than those of crude oil, the difference in prices between oil products and gas is vast. LNG import keeps gas prices under control and rising security of provision helps to develop gas consuming economic sectors.
LNG terminal work principles are subject to Natural Gas Act and EC Directives. Traders who are interested in trading with LNG will receive equal rights and transparent conditions by the operator of the gas terminal. According to legislation, operator of the terminal is not allowed to trade with gas.
Balti Gaas is member of Alexela Group.