In 6 months of the year 2009, “Latvijas Gāze” Joint Stock Company (hereinafter – LG) sold to consumers 807,1 million m3 of natural gas. In comparison to the respective period of 2008, the natural gas sales have decreased by 10,0 %.

The decrease of natural gas consumption in 6 months of 2009 has been caused by the temperature as well by more economical use of resources and decisions made by natural gas consumers to decrease business activities because of global financial crisis and decreasing growth pace of national economy of Latvia.

In 6 months of 2009, consumers were sold natural gas and provided services for LVL 205,2 million, which is by 25,4 % more than in the respective period of 2008.

LG completed 6 months of 2009 with a profit of LVL 6.7 million, which correspond to profit for first 6 months of planned budget 2009. In comparison to the respective period of 2008, profit of 6 months of 2009 has substantially increased because previous period profit was untypical low as Public Utility Commission had not approve new natural gas tariffs in planned time. Profit of 6 months of 2009 corresponds to similar profit of respective period of 2007 and 2006.

Within the framework of the capital investment programme, LVL 6,37 million were utilized in 6 months of 2009. The funds of investment were mostly used for modernization of technological equipment and construction of new gas pipelines.

Vinsents Makaris
Phone: + (371) 67 369 144
E-mail: IR@lg.lv