JSC “Latvijas Gāze” statement on natural gas reserves
2022年8月18日 - 10:00PM
JSC “Latvijas Gāze” statement on natural gas reserves
The JSC “Latvijas Gāze” reiterates that the
natural gas quantity available in the Inčukalns Underground Gas
Storage Facility as at the date of publishing this statement is
0,45 TWh.
Importantly, the natural gas quantity of 1 030
979,720 MWh being kept on the storage capacities of the JSC
“Latvijas Gāze” in the Inčukalns Underground Gas Storage Facility
is destined for other merchants in order to meet the contractual
obligations assumed under the effective long-term supply
contracts.
Having regard to the above, the natural gas
quantity available as at 31.08.2022 will be 0,29 TWh.
Since in August it was not possible for the JSC
“Latvijas Gāze” to purchase the natural gas quantity planned via
pipeline supplies, the natural gas quantity available as at
31.08.2022 will be lower.
Detailed information on the ownership status of
the natural gas reserves of the JSC “Latvijas Gāze” in the
Inčukalns Underground Gas Storage Facility has been sent to the JSC
“Conexus Baltic Grid” (and for information to Prime Minister K.
Kariņš and the Ministry of Economics).
JSC “Latvijas Gāze”
Chairman of the Board
Aigars Kalvītis
On 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
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