JSC “Latvijas Gāze” statement on natural gas reserves

The JSC “Latvijas Gāze” reiterates that the natural gas quantity available in the Inčukalns Underground Gas Storage Facility as at the date of publishing this statement is 0,45 TWh.

Importantly, the natural gas quantity of 1 030 979,720 MWh being kept on the storage capacities of the JSC “Latvijas Gāze” in the Inčukalns Underground Gas Storage Facility is destined for other merchants in order to meet the contractual obligations assumed under the effective long-term supply contracts.

Having regard to the above, the natural gas quantity available as at 31.08.2022 will be 0,29 TWh.

Since in August it was not possible for the JSC “Latvijas Gāze” to purchase the natural gas quantity planned via pipeline supplies, the natural gas quantity available as at 31.08.2022 will be lower.

Detailed information on the ownership status of the natural gas reserves of the JSC “Latvijas Gāze” in the Inčukalns Underground Gas Storage Facility has been sent to the JSC “Conexus Baltic Grid” (and for information to Prime Minister K. Kariņš and the Ministry of Economics).

JSC “Latvijas Gāze”
Chairman of the Board
Aigars Kalvītis

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