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%.
There is a sufficient gas quantity available for this heating season. In the next three months there is nothing to worry about at all. Work is currently in progress to ensure natural gas injection in summer for the next heating season. The possibility of not receiving gas is out of question – in one way or another, Latvia will receive gas in the summer season.
Currently, the JSC “Latvijas Gāze” has sufficient natural gas reserves at the Inčukalns Underground Gas Storage Facility to continue supplying natural gas to households and market customers under the effective contracts without disruption.
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.
In light of the situation having arisen in the energy sector and the sanctions imposed by the USA and the European Union – the energy sector, as far as the supply of energy resources to consumers is concerned, is not included in the overall package of sanctions.
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.