AS “Latvijas Gāze” (GZE1R, ISIN LV0000100899) will close the list of shareholders for dividend payment on July 9, 2021 at the end of the working day of the Nasdaq CSD Latvian Settlement System.
Taking into consideration significant natural gas price increase and the need to ensure security of supply for the upcoming winter, JSC Latvijas Gāze has concluded amendments to the existing overdraft agreement with OP Corporate Bank plc.
In 2020, Latvijas Gāze group succeeded in attaining a positive result despite the challenges brought on by the market conditions. The Group’s net turnover in 2020 reached 190.5 million EUR, EBITDA amounted to 26.5 million EUR. The Group’s net profit for 2020 was 11.2 million EUR.
In order to provide financing for the purchase of natural gas for the next two natural gas injection seasons, Latvijas Gāze has entered into a new credit line agreement with the Latvian branch of OP Corporate Bank plc, thus continuing their cooperation.
Jēkabpils is one of the first towns where commercial vehicles run on CNG. According to chairman of the board of SIA ‘Jēkabpils autobusu parks’ Jānis Ščerbickis, the renovation of their bus fleet with seven CNG vehicles in Jēkabpils has made it possible to maintain the bus fare at the current level (0.50 euros), and to preserve various discounts and benefits, such as free bus rides for schoolchildren.
On 13 October of this year, during the conference of Latvijas Gāze ‘Gas and transport. Myths. Reality. Benefits.’ a panel discussion was held, in which experts and attendees discussed options for the reduction of greenhouse gas (GHG) emissions from transport in order to meet international climate objectives while maintaining the competitiveness of the businesses.