In 6 months of the year 2013, the JSC Latvijas Gāze sold to the consumers 833.4 million m3 of natural gas. In comparison with the respective period of 2012, the natural gas sales decreased by 0.4 % and is 4.2% or 36.6 million m3 under the volume planned in the budget of 2013 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 gas injection season at the Inčukalns UGS began on April 17, 2013. Upon starting natural gas injection, the reserves of active gas at the Inčukalns UGS were 182.35 million m3. 828.5 million m3 of natural gas were injected into the Inčukalns UGS in the first 6 months of the year 2013.

Over 6 months of 2013, the consumers were sold natural gas and provided services for LVL 235.7 million, which is by 1.6 % less than in the respective period of 2012.
The decrease of income over the respective period of 2012 has taken place because natural gas sales decreased and in the 1st half of 2013, 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 1.8% above that of the 6 months of 2012. The income saw decrease both in the industrial and household sector.

The Company completed 6 months of 2013 with a profit of LVL 7.6 million, which is 28.8% higher than in the respective period 2012 when the Company profited LVL 5.9 million.

Within the framework of the capital investment programme, LVL 6.0 million of investment funds was spent over 6 months of 2013, 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