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.
On Friday, 3 December 2021, an online discussion ‘How do you stay transparent and still play the field?’ took place. During the discussion, entrepreneurs and experts shared their experience on how much information about the operations a company must disclose in the interests of investors and the public, while not losing the competitive advantage.
The TOP101 of the most valuable enterprises in Latvia in 2021 developed by Nasdaq Riga and Prudentia has been published. Latvijas Gāze is ranked 9th with a value of EUR 463.81 million.
Latvijas Gāze is the first company in Latvia, which published the Annual Report in 2021 in accordance with the new ESEF requirements. On 25 November, at the Nasdaq Riga seminar ‘Insider lists and ESEF requirements’, our Accounting Officer Olga Bobrova shared hands-on experience with iXBRL reporting.
Latvijas Gāze has introduced and implements an environmental management system, thus confirming the company's high standards, the purposeful reduction of its impact on the environment, and responsible management. The company has received the internationally recognised ISO 14001 certificate, which confirms that the environmental management of Latvijas Gāze complies with the international standards and best practices.
On 9 November 2021, the 13th Baltic Gas Market Forum, where participants talked about regional infrastructure development projects such as GIPL and ELLI, and shared information regarding the latest developments in the Baltic and Finnish natural gas markets.