In 3 months of 2012, the Joint Stock Company “Latvijas Gāze” sold to the consumers 636 million nm3 of natural gas. Compared to the respective period of 2011, natural gas sales have decreased by 9.9 %, still being 0.1 % or 0.6 million nm3 above the volume planned in the budget of 2012.

The gas injection season at the Inčukalns UGS began on April 25, 2012. Upon starting natural gas injection, the reserves of active gas at the Inčukalns UGS were 145 million nm3.

Over 3 months of 2012, the consumers have been sold natural gas and provided services for LVL 178 million, which is by 22.1 % more than in the respective period of 2011 and by 0.6 % more than budgeted.

The rise of income over the respective period of 2011 has taken place because in the 1st quarter of 2012 the industrial and residential customers were applied differential natural gas sale end-user tariffs corresponding to a natural gas sale price, which was by 31.2 % higher than in the 1st quarter of 2011. Compared to 2011, the income grew in both the industrial and the household customers sector.

The Joint Stock Company “Latvijas Gāze” completed 3 months of 2012 with a profit of LVL 3.9 million, which is by 41.8 % less than in the respective period of 2011 when the profit amounted to LVL 6.7 million.

Within the framework of the capital investment programme, LVL 1.24 million of investment funds were spent over 3 months of 2012, mostly on the renovation of gas transmission and distribution pipelines, the modernization of technological equipment.

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