The JSC “Latvijas Gāze” has a long-term agreement with the PJSC “Gazprom” on natural gas supplies in 2000-2030. So far, as stipulated by the agreement, payments for supplies have been made in the EUR currency.
Following a detailed audit procedure, EcoVadis, which is one of the world’s largest and most trusted providers of business sustainability ratings, has repeatedly awarded the Silver Award to the Latvijas Gāze Group. Compared to the previous year, the rating of this year has improved, surpassing the industry average by 9%.
Against the background of the geopolitical situation and its substantial impact on the natural gas market, the April natural gas price in Europe is currently forecast at around 250-300 EUR/MWh.
Latvijas Gāze supplies customers with natural gas, which is the most convenient and environmentally friendly traditional fuel for consumers. At times, when environmental aspects are playing an important role in our decision-making, Latvijas Gāze has developed an environmental policy that identifies initiatives that promote greater responsibility for the environment, as well as the development and spread of environmentally friendly technologies.
The use of biomethane in transport is closely linked to the development of natural gas filling infrastructure, as well as the increase in the number of CNG cars. It is the next step towards climate neutrality and environmentally friendly energy.
2021 was unexpectedly challenging and dynamic for the natural gas market. Several global conditions caused a sharp price jump because of which the price of natural gas was almost 6 times higher at the end of 2021 than at the beginning of the year. This has had a significant impact on both natural gas users and natural gas traders.