Welcome coffee
9.30 - 10.00
Introduction
10.00 - 10.20
Host Margo Loor, Lead Trainer at SpeakSmart and debate expert
- "Overview of the country’s liquid fuel reserves, market supply, and ESPA’s priorities in 2026"
Ando Leppiman, Chairman of the Board of the Estonian Stockpiling Agency
Session I – Changes in the global fuel market and the terminal business
10.20 - 12.00
Panel moderator Priit Enok, gas and fuel expert, Energy Community Secretariat
Regional war in the Middle East; ongoing aggression against Ukraine; suspicious fuel transport organised by Russia’s shadow fleet; regime change in Venezuela, an oil country; the US’s consistent steps towards retreating from climate goals; changes in global trade policy; ongoing global political tensions – these are just some of the factors affecting the global fuel market. What is the forecast for the oil market in the second half of 2026? Has the activity of fuel terminals been affected by these changes and which new business opportunities are fuel storage companies discovering in Estonia and globally?
- Presentation ‘The challenges of balancing the global oil market in 2026’
George Maher-Bonnett, Deputy Editor of the European Products Report by Argus Media, market intelligence provider to the global energy and commodity markets
- Presentation ‘Changes in the global terminal business’
Hari Dattatreya, Senior Vice President Energy Markets & Asset Transition, Royal Vopak N.V.
- Presentation ‘Estonia’s opportunities as a regional fuel intermediate storage and distribution centre’
Waldemar Król, Member of the Board, ORLEN Eesti OÜ
- Merika Nimmo, Chairman of the Board, AS Liwathon E.O.S; Head of the Fuel Sector Partner Board of the Estonian Stockpiling Agency
Lunch
12.00 - 13.00
Session II – Fuel and Crisis
13.00 - 14.30
Panel moderator Krista-Maria Alas, Managing Director of the Estonian Transport Fuels Union
Establishing fuel reserves and ensuring security of supply provides society with the confidence that we can manage in the event of a crisis. We will receive an overview of the progress of the Estonian authorities and market participants in the past year. Latvia has started to update its fuel reserve system and replace delegated reserves with purchased reserves. This, however, comes with a significant price tag and presents various challenges. In a crisis, in the days leading to the implementation of the Estonian strategic fuel reserve, fuel sellers and consumers will have to be able to meet the initial need themselves, one of the options for which is the dispersed pre-installing of small fuel tanks. A crisis in fuel supply means a major logistical challenge for everyone – are we prepared enough?
- Presentation ‘Formation of liquid fuel reserves and fuel market preparedness for crises in Latvia’
Mihhail Dementjev, industry expert and consultant, Latvian stockpiling agency Possessor
- Presentation ‘Developments in liquid fuel emergency management’
Jaanus Uiga, Deputy Secretary General on Energy and Mineral Resources, the Ministry of Climate of Estonia
- Martin Lambing, Deputy Director General for Crisis Preparedness, Estonian Rescue Services Agency
- Eve Kadakas, Head of Logistics, Alexela AS
Coffee Break
14.30 - 15.00
Session III – Dynamics of the Estonian fuel market
15.00 - 16.30
Panel moderator Margo Loor, Lead Trainer at SpeakSmart and debate expert
In this session, we will examine the most important factors that determine the final price of fuel products we see on a petrol station totem sign. We will take a look at the changes in our vehicle fleet over the past 25 years and analyse its most pertinent trends. The panel discussion will focus on the biggest challenges facing Estonian fuel retailers in the face of soaring product prices.
- Presentation ‘Fuel price buildup in Baltic countries’
Martins Kristops, fuel expert, MR2Experts
- Presentation ‘Changes in the engine type and kilometrage of the Estonian vehicle fleet in this century’, presentation
Priit Sauk, Director General, Estonian Transport Administration
- Triinu Tapver, macro analyst, LHV Pank AS
- Ülle Tamme, Member of the Board of Neste Eesti AS
- Raido Raudsepp, Member of the Board of Terminal AS
Concluding remarks
16.30 - 16.40
Ando Leppiman, Chairman of the Board of the Estonian Stockpiling Agency
Last updated: 27.04.2026
