“Latvijas Gāze” AS was established in 1991 and is one of the Baltic energy sector leaders, providing wholesale and sales of natural gas to business customers in Latvia, Estonia, Lithuania and Finland. In the household segment, “Latvijas Gāze” AS is the largest and most important natural gas trader in Latvia. 

  • Goal

    To strengthen the position of AS “Latvijas Gāze” as a leader in the Latvian and the Baltic energy market by becoming the natural gas supplier of first choice for customers.

  • Vision

    To improve the societies’ well-being by promoting the use of natural gas as a source of clean and high efficiency energy towards the climate neutrality.

  • 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”

    Development of the Latvian gas market

    • 1862
    • 1875
    • 1939
    • 1968
    • 1990
    • 1991
    • 1997-2002
    • 2002-2012
    • 2016-2017
    • 2017
    • 2019
    • 2020
    • 2022
    • 2023

    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

    The Gas Interconnection Poland-Lithuania, or GIPL, was launched in 2022

    As of 1 May 2023, the natural gas market is fully open for households.

    On 17 July 2023, Latvijas Gāze sells its subsidiary Gaso.

    On 24 November 2023, transaction whereby the Luxembourg investment fund “Marguerite Gas II S.À.R.L” sold its 28.97% of the Company’s shares to SIA “Energy Investments”.