JSC “Latvijas Gāze” has approached the Nasdaq Riga stock exchange with a request to suspend trading in the Company’s shares due to an extraordinary shareholders’ meeting scheduled for July 27, 2023.
On July 17, 2023, under the agreement signed in April 2023, the final preconditions for the completion of the transaction of sale of the 100% subsidiary JSC “Gaso” were met, and the change of ownership has been registered with the Commercial Register of the Republic of Latvia, with AS “Eesti Gaas” becoming holder of 100% of shares in the JSC “Gaso”.
With the opening of the natural gas market, Latvijas Gāze household customers will be able to pay for natural gas at a 24% to 37% lower price compared to the current regulated natural gas tariff and on customer-friendly terms.
With the full opening of the natural gas market, we will continue to provide our customers with an uninterrupted supply of natural gas, without contract renewal and already at market price, under the UNIVERSAL service, designed in accordance with the new Cabinet Regulation No. 78 that was adopted on 4 April.
According to the amendments to the Energy Law, the natural gas market will be fully open to households from 1 May 2023.
On February 25, 2023, Council Regulation (EU) 2023/427 amending Regulation (EU) No. 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (hereinafter – Regulation No. 2023/427) took effect.