Latvia’s natural gas transmission and storage operator Conexus Baltic Grid is urging the Baltic region to find a new source of natural gas supply as soon as possible.
Latvia is currently supplied from Inčukalns UGS and Klaipėda LNG terminal. Over 7.6 terawatt-hours (TWh) of natural gas is available in the Inčukalns Underground Gas Storage – an atypically high amount for the final phase of the withdrawal season.
Currently, natural gas is injected into Inčukalns PGK only from the Klaipeda LNG terminal via the Kiemenai interconnector. Since the beginning of April, however, there has been no natural gas supply from the Russian Federation.
“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,” said Uldis Bariss, Chairman of the Management Board of Conexus Baltic Grid. “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.”
According to the press statement of Conexus Baltic Grid, such stocks are available because the operator started natural gas injection at the end of February in response to the geopolitical situation in Europe.