Eesti Gaas AS is a natural gas company with headquarters in Tallinn, Estonia. It imports, sells and distributes natural gas in the Estonian market. In addition, it sells electricity. Eesti Gaas was established in 1990 as a state enterprise. The company was partly privatized in 1993–1995. In 1993, 30% stake in Eesti Gaas was transferred to Lentransgaz, a subsidiary of Gazprom, to eliminate the gas debt dispute. In 1994, Ruhrgas (later: E.ON Ruhrgas) acquired about 15% of the company's shares while the management of the company together with other private investors, and the UK-based Baltic Republic Fund acquired 7.5% of shares both. As a result, the Government of Estonia kept 39% stake. In December 1996, Ruhrgas increased its stake to 21%; 12% was sold to public. In January 1999, the remaini