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.
From 1 January 2022, the increase in the price of natural gas for households purchasing natural gas at the regulated tariff will be significantly lower than the increase in the total price of natural gas in the market.
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.
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.
On 29 September 2021, Latvijas Gāze participated in the conference ‘HEAT SUPPLY 2021: Purposeful Achievement of Climate Objectives in Latvian Towns’ (orig. – SILTUMAPGĀDE 2021: mērķtiecīgai klimata mērķu sasniegšanai Latvijas pilsētās) organised by Dienas Bizness, in which the global conditions affecting the natural gas market and price changes both globally and locally were discussed.
JSC Latvijas Gāze has concluded amendments to the existing overdraft agreement with OP Corporate Bank plc.