November 19, 2017 2:00 AM ET

Oil, Gas and Consumable Fuels

Company Overview of UAB LITGAS

Company Overview

UAB LITGAS, a natural gas trading company, supplies liquefied natural gas in Klaipeda, Lithuania. The company was founded in 2012 and is based in Vilnius, Lithuania. UAB LITGAS operates as a subsidiary of Lietuvos energija.

Žveju g. 14

Vilnius,  09310

Lithuania

Founded in 2012

Phone:

370 6 101 0963

Fax:

370 5 278 2013

Key Executives for UAB LITGAS

General Manager and Director
Age: 48
Compensation as of Fiscal Year 2017.

UAB LITGAS Key Developments

Deadline To Acquire Shares of UAB LITGAS Extended

AB Klaipedos nafta (NSEL:KNF1L) has extended the deadline for the interested investors to submit an application to acquire shares of UAB LITGAS. Potential buyers are invited to submit a free-form non-binding applications by April 15, 2016.

Invitation For Acquisition Of Shares In LITGAS

The shares of UAB LITGAS AB are up for sale by AB Klaipedos nafta (NSEL:KNF1L). The Board of Klaipedos decided to organize the sale of 33.3% stake of UAB LITGAS. In order to guarantee objective and transparent sale of the shares of UAB LITGAS controlled by Klaipedos, as well as to ensure maximum benefit to Klaipedos and all its shareholders, Klaipedos is planning to execute share sale by carrying out public procedures. Potential buyers are invited to submit a free-form non-binding applications by April 8, 2016.

Litgas Signs Liquefied Natural Gas Supply Contract with Statoil

Litgas, will sign a renewed liquefied natural gas supply contract with Norway's Statoil. Litgas and Statoil in August 2014 signed a five-year contract on the supply of 2.7 billion cubic meters of LNG, or 540 million cubic meters annually, an amount that is too large for Lithuania alone as obstacles in Latvia are preventing Latvian and Estonian companies from purchasing it. The companies will sign amendments to the 2014 contract that, based on unofficial information available to BNS, will extend the term for another five years and will thus provide for smaller annual gas volumes and a slightly lower price.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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