Olimpija Liepaja was an ice hockey team situated in Liepaja, Latvia. The club participated in the 1930-31 Latvian Tournament, where they fell to ASK Liepaja in the Liepaja Group final. They then joined the Latvian Championship for its inaugural season in 1931-32. After finishing first in the Liepaja Group, Olimpija advanced to play Union Riga in the final. They lost 14-1. Olimpija also advanced to the final in 1933. In a much more closely contested game, Union won 1-0 to claim the championship.