Goal

To strengthen the position of Latvijas Gāze Group as a leader in the Latvian and the Baltic energy market by becoming the natural gas supplier of first choice for customers and by ensuring the most stable supply of natural gas for Baltic region.

Vision

To improve people's live through delivering natural gas for a variety of purposes in different segments and to promote the advancement of natural gas as a key source of energy for the benefit of society.

Mission

To contribute to the Baltic region's economy by ensuring the reliable, safe and flexible supply of natural gas to households and enterprises at competitive prices.

Values

Professionalism
we act professionally in organizing processes and works, offering secure and high quality services

Responsibility
we feel the responsibility about our actions and operate with consideration for environment and people

Cooperation
we are oriented towards common goals, Encourage team working and the creation of mutually respectful relationships and highly value the synergy that arises as a result of team work

Safety
we uphold high standards of safety and educate society about it

Excellence
we thrive for improvement and to be the best in each aspect of our activity of Joint stock company “Latvijas Gāze”

History

1862
1875
1939
1968
1990
1991
1997-2002
2002-2012
2016-2017
2017
2019
2020

The first lighting gas plant for the illumination of city streets with 678 gas lanterns was established in Riga.

The gas plant was established in the place where the site of Latvijas Gāze is located now.

The total length of gas network pipelines exceeds 130 km.

Natural gas is pumped into the Inčukalns underground gas storage facility for the first time. Today, the facility is an integral part of the regional gas supply system, where gas is stored for the needs of consumers in Latvia as well as neighbouring countries.

Consumption of natural gas in Latvia rises to a record level of almost 3 billion m³ per year.

After the fall of the Soviet Union, the government of Latvia takes over the entire gas supply infrastructure and institutions in the territory of Latvia, which are merged into the state-owned company Latvijas Gāze.

Latvijas Gāze is privatized. The company acquires private shareholders and funds for development, while the state receives EUR 80 million from investors, and residents exchange a significant number of privatization vouchers, later selling the acquired shares profitably on the stock exchange.

Latvijas Gāze invested 240 million in development of the company and completed construction of the 1400 km-long natural gas mine.

In 2016 the first stage of Latvijas Gāze reorganization took place and on 2 January, 2017 Conexus Baltic Grid was established.

After reorganization, natural gas transmission and storage activities were seperated from Latvijas Gāze. JSC Conexus Baltic Grid manages the Inčukalns underground gas storage and natural gas transmission system, which connects the Latvian natural gas market with Lithuania, Estonia and the northwest region of Russia.

JSC Conexus Baltic Grid is a closed joint-stock company whose share ownership is registered in the shareholder register. For more information please visit: www.conexus.lv



At the beginning of 2017, the unified natural gas transmission and storage operator Conexus Baltic Grid is split from Latvijas Gāze, and by the end of the year becomes a company that partly belongs to the state. At the end of 2017, distribution activity has been separated from Latvijas Gāze and the subsidiary Gaso has been established.

Latvijas Gāze starts natural gas trading in Lithuania

Latvijas Gāze starts natural gas trading in Estonia

The Baltic Single Market Area is created between Latvia, Estonia and Finland and the Estonia-Finland interconnector Baltic Connector is established

Latvijas Gāze starts natural gas trading in Finland