Teksts
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In 12 months of the year 2014, the JSC Latvijas Gāze sold
to the consumers 1 293.9 million m3 of natural gas. In comparison
with the respective period of 2013, the natural gas sales decreased
by 10.9 % due to the differences in outdoor air temperature and
investments by heat supply companies in the use of renewable energy
resources and a partial replacement of fossil fuels with
woodchip.
The natural gas withdrawal season in 2014 was longer than planned
because due to urgent repairs on the gas transmission pipeline
Torzhok-Valdai, a natural gas feed from the Inčukalns UGS was
necessary till 23rd May. Despite the delay of the injection season,
the Inčukalns UGS was filled in time, as this year, due to the mild
winter, the volume of gas to be injected was lower.
The injection season at the Inčukalns UGS was completed on October
23, 2014, with 1 907.1 million m3 of natural gas injected over the
season and 2 300 million m3 of active gas present at the end of the
season.
Over 12 months of 2014, the consumers were sold natural gas and
provided services for EUR 503.1 million, which is by 12.4 % less
than in the respective period of 2013.
The decrease of income year-on-year stems from the lower natural
gas sales volume and fact that during 12 months of 2014, due to
changes in oil product quotations and currency rates, the
residential and industrial customers were applied differential
natural gas sale end-user tariffs corresponding to a natural gas
sale price 4.9% below that of the 12 months of 2013. The income saw
decrease both in the industrial and household sector.
The Company completed 12 months of 2014 with a profit of EUR 30.6
million, which is 3.7% higher than in the respective period 2013
when the Company profited EUR 29.5 million. The increase of profit
stems from an adjustment of the provisions made in earlier periods
for personnel expenses to meet liabilities under the Collective
Agreement (EUR 1.2 million).
Within the framework of the capital investment programme, EUR 30.0
million of investment funds was spent over 12 months of 2014,
mostly on the renovation of gas transmission and distribution
pipelines, the modernization of technological equipment and the
reconstruction of wells.
Vinsents Makaris
Phone + (371) 67 369 144
E-mail: IR@lg.lv
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