Business profile
The main business of Lietuvos Dujos AB covers natural gas purchase (import) and sales to its clients, transmission and distribution services, sustainable development of Lithuania’s natural gas supply infrastructure, most of which are owned by the company. Lietuvos Dujos AB operates transmission and distribution pipelines, 1.9 thousand km and 8.1 thousand km respectively. It supplies gas to heat and power generating enterprises, industrial and agricultural enterprises, to commercial and residential natural gas consumers. The company transmits natural gas by transit to the Kaliningrad Region of the Russian Federation. It has 550 thousand customers and 1,700 employees.
The Company has taken over and is continuing the natural gas business within the territory of Lithuania dating back to 1961. Lietuvos Dujos AB was registered as a joint-stock company in 1995. The Company was privatized in two stages. Through public tenders major international energy companies became its shareholders: in 2002, the consortium of Ruhrgas AG and E.ON Energie AG (Germany) acquired a 34% stake in Lietuvos Dujos AB (presently the shares are held by E.ON Ruhrgas International GmbH) and in 2004 – the natural gas supplier OAO Gazprom (Russia) acquired a 34% stake in the Company.
E.ON Ruhrgas International GmbH is a holding company which is a part of E.ON AG. E.ON AG is one of the world’s largest electricity, gas, utility and renewable energy companies.
OAO Gazprom is a global energy company engaged in geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons, as well as production and supply of electricity and heat power. Gazprom possesses the world’s largest confirmed natural gas reserves.