Conexus: Baltic region needs to think about a new source of natural gas as soon as possible

Currently, more than 7.6 TWh of natural gas is available in the Inčukalns Underground Gas Storage (hereinafter - UGS), which is atypically high for the final phase of the withdrawal season. Such natural gas stocks are available because Conexus Baltic Grid AS (hereinafter - Conexus), in response to the geopolitical situation in Europe, started natural gas injection at the end of February.

Currently, natural gas is injected to Inčukalns PGK only from the Klaipeda LNG terminal via the Kiemenai interconnector, but since the beginning of April there has been no natural gas supply from the Russian Federation.

Latvia is currently supplied from Inčukalns UGS) and Klaipėda LNG terminal.

Uldis Bariss, Chairman of the Management Board of Conexus Baltic Grid AS: "This spring has shown that Latvia has already taken an important step by diversifying its natural gas supplies from the Lithuanian LNG terminal, rather than relying solely on natural gas supplies from Russia. However, one natural gas terminal may not be enough for the Baltic region in the future. With natural gas supplies from Russia declining rapidly, the region needs another LNG terminal. This will fully supply the region with the energy it needs."