Artea Bank lends €13.5M to SG dujos for fuel station expansion in Lithuania
What's the deal? Artea Bank has issued a €13.5M loan to Lithuanian company SG dujosDealroom has a profile for this one. Try Dealroom →. The funds will be used to refinance existing obligations and expand a network of alternative fuel filling stations across Lithuania.
New stations are planned in the Panevėžys district, Šiauliai, Kaunas, Klaipėda, and Vievis.
Why now? Lithuania, like the rest of the EU, is pushing to decarbonise transport infrastructure. Alternative fuel stations — covering compressed natural gas, LNG, and other non-petrol options — are a growing segment as fleet operators and consumers seek cleaner options.
The deal also lets SG dujos refinance its current debt on presumably better terms, freeing up capital for growth.
What could go wrong? Expansion into smaller regional markets carries demand risk. If adoption of alternative fuels stalls or shifts toward electrification faster than expected, filling stations focused on gas-based fuels could face underutilisation.
The signal: SG dujos, classified by Dealroom as an early-growth company, is scaling physical infrastructure at a time when much of Europe's energy-transition funding flows to software and fleet management. The €13.5M loan from Artea Bank underscores a financing gap in the Baltics: as alternative fuel networks expand beyond major cities into regional hubs like Panevėžys and Šiauliai, niche lenders are stepping in where traditional Scandinavian banks have been slower to act.
Read more: lrt.lt
