Latvijas Gāze is ranked 20th in the Top 101 of Latvia’s Most Valuable Enterprises, jointly developed by Prudentia, the leading Baltic corporate finance company, and Nasdaq Riga, the only regulated stock exchange in Latvia, and this year it is recognised as the second most valuable company in the energy sector in Latvia.
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.
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.
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.
JSC Latvijas Gāze has concluded amendments to the existing overdraft agreement with OP Corporate Bank plc, Latvian branch.
The net turnover of the Group reached EUR 281.2 million in the nine months of 2021, which is 113 % more than in the corresponding period in 2020.