About Us

Company

Lietuvos Energijos Tiekimas (LET), part of the Lietuvos Energija group, is a leading energy supplier in the Baltic States, where it supplies electricity to 1.6 million residents and natural gas to nearly 600,000 private customers as well as more than 7,000 corporate customers.

We can offer natural gas customers in Lithuania attractive pricing and uninterrupted supply as the only supplier in the Baltics to hold significant reserves in natural gas storage and also import gas from multiple sources: by pipeline from Russia and via the liquefied natural gas (LNG) terminal in Klaipėda. We have contacts with all the principal global LNG suppliers.

Additionally Lietuvos Energijos Tiekimas  offers wholesale LNG supply solutions for the Baltic Sea small-scale LNG market at the Klaipėda LNG terminal and at Klaipėda on-shore LNG distribution station.

As of 1 October 2018, we also provide electricity supply services to 1.6 million households throughout Lithuania.

The consolidation of the electricity and natural gas supply businesses in one company enables us to provide more convenient and seamless services for our customers and opens up numerous opportunities to develop new products and services.

History

Lietuvos Energijos Tiekimas, whose name until 1 October 2018 was Lietuvos Dujų Tiekimas, began operations as a separate company in November 2014, when, as a result of European Union legislation, the business of supplying natural gas in Lithuania was separated from that of its distribution and transmission.

Lietuvos Dujų Tiekimas assumed the gas supply business, while distribution was taken over by Lietuvos Dujos (which later merged with electricity distributor LESTO to become Energijos Skirstymo Operatorius (ESO)) and transmission by a third company, Amber Grid.

In 2018, Lietuvos Dujų Tiekimas expanded its activities, taking over from ESO the business of public electricity supply to Lithuanian residents, and as of 1 October became Lietuvos Energijos Tiekimas (LET).

Lietuvos Dujų Tiekimas in numbers (in 2017):

Number of employees: 32 (31 December 2017)

Turnover: € 239.9 million

Operational costs: € 4.4 million

EBITDA (adjusted): € 13.3 million

Net profit: € 7.6 million

Total assets: € 85.6 million
2018 Annual Financial Statements
2017 Annual Financial Statements
2016 Annual Financial Statements
2015 Annual Financial Statements

LITGAS annual financial statements

2018 Annual Financial Statements

2017 Annual Financial Statements

2016 Annual Financial Statements

2015 Annual Financial Statements

Management

Darius Montvila

Darius Montvila

CEO of Lietuvos Energija Tiekimas

For the past ten years, Darius Montvila has headed his company BENCO Baltic Engineering Company which provides energy saving and equipment effectiveness solutions for businesses and has carried out projects in Nepal and Zambia.

Before the establishment of his own company, he worked for the technology company AVAYA and telecommunications company BITE. In addition, from 2008 to 2009, he was a member of the Management Board of LEO LT.

Mr Montvila is actively engaged in public activity, is a mentor at WomenGoTech and the president of the Perkūnas Rotary Club.