JSC “Latvijas Gāze” statement on natural gas reserves
2022年8月25日 - 7:00PM
JSC “Latvijas Gāze” statement on natural gas reserves
In reference to the information released by
Prime Minister K.Kariņš to the TV3 show “900 sekundes”, we hereby
announce that the JSC “Latvijas Gāze” is not aware of a government
seizure of the natural gas reserves owned by the Company in the
Inčukalns Underground Gas Storage Facility. (source: August 2022
article by LETA news agency at 9:45)Furthermore, in line with the
agreement reached in negotiations with the Ministry of Economics
and the Public Utilities Commission, the JSC “Latvijas Gāze” has
submitted to the Ministry of Economics for review a natural gas
supply plan for providing captive consumers with natural gas in the
forthcoming heating season.
The Board of the JSC “Latvijas Gāze”
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
Jokstainvestor.relations@lg.lvphone + 371 67 374 369
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