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Estonia procures 250GWh in Third Gas Tender

NATURAL GAS

The Estonian government procures 250 GWh of gas in a third national tender for natural gas strategic stockpiles. The government has allocated €63mn to the Estonian Stockpiling Agency to pay for the gas.

  • Two previous tenders had each procured 100GWh of gas to reach nearly half of the government's target of 1 TWh according to the Minister of Economic Affairs and Communications.
  • Estonia paid 252€/MWh in the third tender, up from 192€/MWh at the second.
  • €170mn has been earmarked for the purpose of creating strategic gas stockpiles in the May supplementary state budget.

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