The TOP 101 of Latvia’s Most Valuable Enterprises is a socially significant initiative implemented by Prudentia and Nasdaq Riga since 2005. The initiative is based on the desire of the project's creators to stimulate public debate on the value of companies and the factors influencing it.

"2021 was a difficult and challenging year for Latvijas Gāze, with intraday natural gas price volatility on European exchanges reaching as high as EUR 10 per MWh. We gained a lot of experience and stood up to it, unlike some other European operators," says Aigars Kalvītis, Chairperson of the Board of Latvijas Gāze.

The Top of Latvia’s Most Valuable Enterprises helps reflect the value of a company's business, or the value of the future cash flows of the company's operations, to all of the company's financiers, including shareholders, members and financial creditors.

The electricity, gas, heating and air conditioning sector was the fourth largest sector in Latvia in terms of turnover last year. According to Lursoft data, the top industries with the highest turnover and profit in 2021 rank Latvijas Gāze seventh on the list. Although turnover increased last year to EUR 530.22 million.

Aigars Kalvītis notes, "The top result is not surprising, as the substantial increase in net turnover is mainly due to higher sales prices as a result of global natural gas market developments, as well as higher sales volumes in 2021. In 2022, we forecast significantly lower sales volumes and also a drop in turnover, due to the fact that customers have revised their natural gas capacities due to high natural gas prices and limited supply options".