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JSC “Latvijas Gāze” statement on the gas supply plan for captive consumers

·2-min read
Latvijas Gaze
Latvijas Gaze

The JSC “Latvijas Gāze” hereby announces that the natural gas quantity owned by the JSC “Latvijas Gāze” in the Inčukalns Underground Gas Storage Facility as at end of the gas day of August 31, 2022 is 0,2946 TWh.

Despite the current insufficiency of natural gas in the Inčukalns Underground Gas Storage Facility and limited options of gas supply, the JSC “Latvijas Gāze” as the Public trader and a socially responsible commercial enterprise continues working on solutions for ensuring gas supply to captive consumers in the 2022/2023 heating season.

In this respect JSC “Latvijas Gāze” has worked out and submitted relevant proposals in that regard to the Ministry of Economics and the Public Utilities Commission.

JSC “Latvijas Gāze”

Chairman of the Board

Aigars Kalvītis

On the JSC “Latvijas Gāze”

Latvijas Gāze is one of the leaders of the Baltic energy industry.
Our goal is to consolidate the leading position of the Latvijas Gāze Group in the Latvian and Baltic energy market by becoming the customers’ first choice among natural gas suppliers and providing the most reliable natural gas supply for the entire region.
The wholesale and sale of natural gas to business customers is carried out in Latvia, Lithuania and Estonia. Following the opening of the Finnish gas market on January 1, 2020, Latvijas Gāze has successfully started natural gas trading in Finland as well. In the household segment, Latvijas Gāze is the biggest and most prominent natural gas trader in Latvia.
After Latvia regained its independence in 1991, a joint state-owned company “Latvijas Gāze” was established by merging the Latvian gas infrastructure and institutions. The privatisation of the company was commenced in 1997 and completed in 2002. Since February 15, 1999, the shares of the JSC “Latvijas Gāze” have been quoted on the Nasdaq Riga stock exchange. Taking into account the requirements of the European Union for the establishment of the natural gas market and the expiry of the privatisation agreement between the state and the shareholders of Latvijas Gāze, the unified transmission and storage operator JSC “Conexus Baltic Grid” was separated from Latvijas Gāze in early 2017, followed by the separation of the distribution system operator JSC “Gaso” on December 1, 2017.

Contact information:
Sandra Joksta
investor.relations@lg.lv

phone + 371 67 374 369