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The Joint Stock Company “Latvijas Gāze” and the Latvian branch of "OP Corporate Bank plc" have agreed upon an early termination of the credit line (overdraft) contract signed on September 22, 2017.
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Latvijas Gāze has demonstrated an understanding of responsible, ethical and sustainable entrepreneurship, obtaining the gold category in the Sustainability Index 2022 in its first year participating.
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Latvijas Gāze group reached historically strongest financial performance in the first quarter of 2022, which is attributable to disciplined trading and risk management strategy in 2021.
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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%.
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Colder temperature during heating season and significantly higher natural gas prices were the two main factors, which influenced the Latvijas Gāze performance in 2021. Colder temperature increased Latvijas Gāze sales and utilization of Gaso distribution network.
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JSC Latvijas Gāze has concluded amendments to the existing overdraft agreement with OP Corporate Bank plc, Latvian branch.